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Yemen’s President Abed Rabbo Mansour Hadi called on his government to focus on power, water, roads, health and education in retaken areas. (AFP/File)
February 23, 2017 - 05:33 GMT
Saudi Arabia has allocated $10 billion for the reconstruction of liberated provinces, including $2 billion as a deposit in the central bank to shore up the Yemeni riyal.
PepsiCo's CEO also confirmed that a new beverages plant is set to officially open in Dubai this month.  (Shutterstock/Ioan Panaite)
February 22, 2017 - 13:00 GMT
The PepsiCo beverages plant, set to open later this year in Jeddah, will manufacture the company’s wide portfolio of carbonates including Pepsi, Mountain Dew, Mirinda and Gatorade.
Viu already operates in Indonesia, Malaysia, India, Hong Kong and Singapore, and is now available for users in the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Egypt and Jordan. (Digit.in)
February 22, 2017 - 12:00 GMT
Users across the region now have access to tens of thousands of hours of local, regional and international premium entertainment via Vuclip's direct to consumer video-on-demand service.
The appointments come in line with a goal outlined in the Saudi Vision 2030 reform plan to increase the participation of women in the workforce from 22 percent to 30 percent.  (Arab News)
February 22, 2017 - 11:00 GMT
Following Sarah Al-Suhaimi's appointment to chair the Tadawul, Rania Nashar has been named CEO of Samba Financial Group, and Latifa Al-Sabhan has been appointed chief financial officer of Arab National Bank.
It has been estimated that over the next 20 years, cities across the world will invest approximately $41 trillion on technologies to offer improved services. (Shutterstock)
February 22, 2017 - 10:00 GMT
The 6th Annual Arab Future Cities Summit Qatar 2017 will be held under the theme ‘Advanced Technologies Transforming Qatar’s Future’ from April 10 to 11 at The Ritz-Carlton, Doha.
There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. (Shutterstock)
February 22, 2017 - 09:00 GMT
Lebanese banks need to cooperate and standardize the use of fintech as is the case with European banks, according to an e-strategy expert.
The UK-based company had earlier racked up £21 million (Dh95 million) in pre-tax losses in June 2016.  (Twitter/Balfour Beatty)
February 22, 2017 - 08:00 GMT
UK construction giant Balfour Beatty has reached an agreement to sell the Group's entire share in Dutco Balfour Beatty and BK Gulf to its Dubai-based partner in a deal expected to be worth $13.7M.
Some importers are not happy with the deal, saying the rate of the dollar that they will have to pay their credit lines with is still too high for them to afford. (File photo)
February 22, 2017 - 07:00 GMT
Egypt Central Bank has agreed with the Egyptian Federation of Investors Associations to settle dollar debts resulting from the exchange rate differences after the pound's float in November.
Before the outbreak of civil war, Libya was producing about 1 million bpd.  (AFP/File)
February 22, 2017 - 06:10 GMT
The head of the National Oil Corp. of Libya met with Rosneft Chairman Igor Sechin to lay the groundwork for investments in the Libyan oil sector.
Round 1 RFQ documents can be viewed, downloaded, and responded to via the government eProcurement portal. (Shutterstock)
February 22, 2017 - 05:16 GMT
Saudi Arabia has opened the pre-qualification bidding process to local, regional and international developers for the first phase of its ambitious renewable energy program.
The delegation signed a twinning agreement between the city of Sharm El-Sheikh and an Italian city for the sake of turning Sharm El-Sheikh into the first digital economy city in the Middle East. (Shutterstock)
February 21, 2017 - 12:30 GMT
A delegation from the Italian Egyptian Friendship Council has toured Cairo and Sharm El Sheikh to discuss bilateral tourism and education opportunities.
The largest of the 11 agreements is with Oman Investment Fund (OIF) for 73,367sq m of land in Jebel Akhdar, to build a resort. (Wikimedia Commons)
February 21, 2017 - 11:30 GMT
After overseeing the opening of 41 new hotels in 2016, Oman's tourism ministry has signed agreements with 11 companies to set up hotel facilities across the country.
The first two days of IDEX have led to an increasing number of deals with national and international companies alike. (Armyrecognition.com)
February 21, 2017 - 10:30 GMT
31 deals worth over $3B were signed within the first 48 hours of the International Defence Exhibition and Conference in Abu Dhabi.
Although the additional levies are already being charged on air freight and shipments, these are yet to be introduced on imports made via road. (Shutterstock)
February 21, 2017 - 09:30 GMT
Oman's customs department has imposed an additional two percent duty on the cost, insurance and freight value of imported products for non-submission of original legalised documents.
Saudi Arabia was the world's second-largest arms importer in the period 2012 to 2016, with an increase of 212 percent compared with 2007-2011. (File photo)
February 21, 2017 - 08:30 GMT
The Stockholm International Peace Research Institute, or SIPRI, said Monday the arms import figures for the Middle East accounted for 29 percent of global imports during the 2012-2016 period.
The new merger, if agreed, would create an entity with total assets amounting to around QAR173bn ($48bn) and a market share of around 14 percent. (File photo)
February 21, 2017 - 07:30 GMT
The proposed merger between Masraf Al Rayan, Barwa Bank and International Bank of Qatar is currently at due diligence stage.