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February 23, 2015

The U.S. initially sought restrictions lasting for up to 20 years; Iran had pushed for less than a decade.
17:41 GMT
The United States and Iran are shaping the contours of a deal that would initially freeze Tehran's nuclear program but would allow it to slowly ramp up activities.
Shahin also mentioned that the cars people ride and international-educational institutions is currently a part of the social-status equation.
12:09 GMT
From Michael Kors to Victoria’s Secret and Tory Burch, City Stars' entire floor is a line-up of the most luxurious brands in the world.

February 22, 2015

Avni was referencing the justification of the seizure of the management of Bank Asya, the country's largest Islamic lender, in a midnight operation on Feb. 3.
18:35 GMT
A government whistleblower who tweets under the pseudonym Fuat Avni argued on Tuesday that most lenders in Turkey are vulnerable to being seized by the government.
Air traffic control is a seemingly invisible concept, and as such it’s often forgotten about.
18:20 GMT
Air traffic control is a seemingly invisible concept, and as such it’s often forgotten about.

February 19, 2015

"We are all trying to work out when the US production is going to slow down," he said.
21:52 GMT
The oil sector is restructuring after the collapse of oil prices and opportunities may emerge for larger players wishing to snap up distressed companies.
The wonderfully sounding ‘elevated fast casual’ section of the market is the fastest growing segment right now.
13:30 GMT
The participants at the second Global Restaurant Investment Forum today believe there may be room for more. Has the market not become rather saturated?
The security problems caused by Daesh (IS) and others are creating a major challenge for the new investments in the Middle East.
09:48 GMT
The rise of the Islamic State (IS) in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade.
The beheadings of 21 Egyptian Coptic Christians in Libya, which prompted the air strikes earlier Monday, was an "additional reason for security" for Cairo.
09:37 GMT
Paris hopes the 5.2 billion euro ($5.9 billion) deal for 24 Rafale fighters to be delivered later this year -- which comes as Cairo launched air strikes against jihadists in Libya.

February 18, 2015

"Egypt and Jordan are in great need of natural gas, but there is other natural gas in the region besides Israeli gas."
20:50 GMT
Egypt and Jordan yesterday announced that they planned to sign memoranda of understanding to import gas from other countries.
But with a market still viewed by most companies and investors as risky, to say the least, Unit One had to go the extra mile to prove his company’s ability to deliver.
14:36 GMT
From a small two-room office in Al-Rimal neighborhood in Gaza, Lozon and his partner Ahmed Abu Shaban co-founded Unit One as a self-funded software development startup in 2005.
 According to a recent OECD multilateral covenant, the Israel Tax Authority is entitled to receive information about foreign bank accounts that are closed and the names of the account holders.
07:49 GMT
Israelis with relatively "small" bank accounts in Switzerland are reportedly emptying them out and bringing the money to Israel in cash, usually through Ben Gurion airport.

February 17, 2015

“People were driven more by emotional investment in the past few years. They have a greater understanding of global economies and markets,” Al Gharabally said.
20:55 GMT
Despite falling oil prices, wealthy GCC investors’ appetite for global investments strategies has increased after a difficult 2013 and 2014.

February 16, 2015

“It’s fair to say that the ‘economic miracle’ seen during the 2000s has come to an end,” said Jackson.
18:47 GMT
Concerns are growing over the health of the Turkish economy, long seen as a star performer among emerging markets, partly due to unorthodox statements by President Recep Tayyip Erdogan on economic policy.
US made equipment accounts for 60% of Egypt’s current military equipment, while the remaining 40% are old Russian weapons, he added.
18:34 GMT
After increasingly strained relations with the US, Egypt is now seeking to diversify its sources of weaponry, Egyptian military experts told Daily News Egypt on Sunday.
Islamic financial companies in the Russian market are likely to make attempts to combine efforts for creation of a fund that would attract investments.
18:12 GMT
Russia is among the largest newsmakers in the world’s political and economic arena. Yet, in the world of Islamic finance, it still lags behind the rapidly developing industry.