Main headlines

February 25, 2014

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.

February 23, 2014

Shaham says that the bill must include a clause requiring the Tax Authority to notify taxpayers that it intends to provide a foreign tax authority with information about them.
14:04 GMT

"This bill is an earthquake for Israeli business and wealthy individuals. Now is the last chance to submit a request for voluntary disclosure," says Shaham.

The people are moving away from SMS and moving to instant messaging platform as an important tool.
13:18 GMT

“Apparently, Facebook will gain more subscribers and expand its mobile services in the Middle East. It makes sense for Facebook to purchase WhatsApp," said Fadi Salem.

More than $1 billion in tourism revenue have been lost since Mursi’s removal
08:21 GMT

International tourism companies have urged holiday-makers in Egypt to remain in their hotels if they are already in the northern Sinai region of the country.

The ministry has been conducting studies on the economic effects of levying taxes on companies
08:14 GMT

The UAE has no immediate plans to impose tax on individuals, Sheikh Hamdan Bin Rashid Al Maktoum, Dubai’s deputy ruler and Minister of Finance has confirmed.

The number of public transport users last year hit 115,670,587 riders compared with 107,800,000 riders in 2012
08:02 GMT

Mass transit systems of Dubai’s Roads and Transport Authority (RTA) - comprising the Dubai Metro, public buses, marine transit modes and taxis -- have lifted 440.67 million passengers in 2013.

Jordan and Iraq are speeding up their measures and efforts to construct the pipeline, a senior official at the Aqaba Special Economic Zone Authority (ASEZA) told The Jordan Times.
03:55 GMT

"Iraq will provide Jordan with oil at preferential prices,” Mahadin added.

During the three-day visit to India, the MOIC and EDB coordinated business delegation participated in the Bahrain-India business seminar in New Delhi and a business seminar hosted by the CII in Mumbai.
03:55 GMT

The agreements reflect the broad range of relations between the two countries across a number of sectors, from chemicals to financial services and from ICT to health care.