Main headlines

February 25, 2014

More than 500 Subways are now open in the Middle East region (Courtesy of Geographically Yours)
16:00 GMT

Subway now has 500 locations in the Middle East and Africa region opened for business.

Bilateral trade between Iran and China amounted to $36 billion in 2012.
15:00 GMT

Establishing an industrial park in Iran and creating a joint shipping line are also part of the roadmap, ISNA quoted Behrouz Alishiri as saying.

Dubai is aiming to establish itself as one of the most sustainable cities in the world by 2020 (Shutterstock)
14:38 GMT

Dubai is stepping up its green campaign with new developments underway to build more eco-friendly communities in the UAE.

Pakistani companies should open retail shops in the country to capture more market share
10:17 GMT

Pakistan’s food exports to the UAE have huge potential to jump three-fold to $1.2 billion compared to $400 million in 2013.

Moroccan trade has been traditional dominated with countries in Europe, despite the economic crisis that has continued to unfold over the last six years
09:59 GMT

Morocco is diversifying its export market in a bid to develop trade with Gulf Arab countries and also reduce its reliance on Europe.

Turkey will also import at least 5 million tons (100,000 barrels per day) of Iranian crude in 2014, the same amount that it purchased last year,
03:55 GMT

Commenting on Turkey’s complaint to the International Court of Arbitration about the price of the gas Iran supplies to Turkey, Araqi said Iran will not accept any request from Turkey to lower the price

He added that sales in the region are growing by 15 per cent year on year.xx
03:55 GMT

“By 2020, we want to reach $6 billion (Dh22 billion),” said Yves Manghardt, chairman and chief executive officer of Nestle Middle East.

An Egyptian cabinet source told Reuters on Monday that a draft investment law contains provisions to prevent third parties from challenging contracts made between the government and an investor.
01:05 GMT

Egypt’s army-backed government is trying to attract foreign money back into the country and create jobs to ease social discontent as it manages the biggest Arab nation’s difficult transition to elections this year.

Five years ago we had no users, no product,” said Koum.
00:38 GMT

“Mark really understands that for WhatsApp to stay successful it really needs to stay independent,” he said.

February 24, 2014

“Our target is to attract seven million visitors to Qatar from all over the world by 2030,” said Al Ibrahim.
14:26 GMT

“The end result of the National Tourism Sector Strategy 2030 will be a thriving tourism sector that will be ready to handle the demands of the 2022 FIFA World Cup and far beyond."

The UAE currently enjoys good relationships with both the Philippines and Malaysia
10:40 GMT

An economic and commercial delegation headed by Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, is set to visit the Philippines and Malaysia from Monday (February 25) to Friday (February 28) seeking to explore strategies for enhancing bilateral trade and investment relations.

ArabPlast 2015 will showcase latest technologies and track market trends of the Middle East petrochemicals industry
07:55 GMT

Kingdom of Saudi Arabia (KSA) has become the country partner of ArabPlast 2015, the largest plastics and petrochemicals show in the region.

Losses due to the strike have reached EGP 800, 000
03:55 GMT

Egyptian workers in various public sectors have entered another day of strikes in protest to financial conditions and demanding the application of the minimum income law.

Overall outlook on sales was positive with 97 per cent of the businesses expecting either an increase or no change in their sales volume in Q1 2014.
03:55 GMT

In Q1 2014, around 62 per cent of Dubai businesses also expected to see stronger net profits based on increasing demand and improved margins.

The report indicated that Germany is in second place on the list, with 36 firms, while Iran was third, with 21 companies.
03:55 GMT

Entrepreneurs from Syria established more businesses in Turkey than any other country in the first month of the year.