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March 14, 2015

One of the largest disputes that have taken placed while ousted president Mohamed Morsi was still in place was between Orascom Construction Industries and the Egyptian Tax Authority.
09:54 GMT
Following the ousting of former president Hosni Mubarak, the government started targeting companies who were believed to have purchased lands with a much lower value than its market value.

March 13, 2015

The success of the conference, and Egypt’s attractiveness to investors, will depend on how far the government takes the reform agenda in the months and years to come, analysts agree.
21:39 GMT
Egypt needs $60 billion in foreign direct investment to achieve its growth target of seven percent over the next four years, Al-Araby said earlier this week.
Since the ouster of Mohamed Morsi in 2013 the UK has reiterated its commitment to support Egypt economically, but has called for political inclusiveness and respect for human rights (Source: Ahram onine).
21:12 GMT
Gulf pledges billions in aid to Egypt, world leaders back Cairo's war on terrorism.

March 12, 2015

“I haven’t heard anyone talking about it,” said the Dutch model. “It’s a different world, it’s more technology rather than fashion. People don’t wear that kind of watch in fashion.”
21:30 GMT
Apple has made every effort to convince the fashion world that the Apple Watch is the next chic accessory.
Some analysts are confident about the economy, regardless of whether "Bibi" or "Bougie" wins.
21:13 GMT
Whoever wins Israel's election next week must answer demands for relief from soaring housing prices and a high cost of living, but the days of big state spending on social programmes are unlikely to return.
The UAE remains one of the most tax-friendly destinations in the world for both expatriates and investors alike, according to a new study.
20:28 GMT
Many countries around the world collect value-added tax from ordinary consumers when making small-value purchases or buying big ticket items.
The lira fell to as low as 2.6462 against the greenback early on Tuesday, just shy of a record low hit last Friday at 2.6475.
20:07 GMT
Turkey's lira maintained its weak position against the US dollar on Tuesday, despite efforts by the central bank to defend the currency.
Egypt’s government and private sector will jointly present 60 projects to investors, hoping to attract up to $15 billion in investment.
14:00 GMT
harm El-Sheikh will host the Egyptian Economic Development Conference on which authorities are pinning high hopes of attracting at least $10 billion in foreign investment to prop up the country’s battered economy.
Egypt’s government and private sector will jointly present 60 projects to investors, hoping to attract up to $15 billion in investment.
13:41 GMT
harm El-Sheikh will host the Egyptian Economic Development Conference on which authorities are pinning high hopes of attracting at least $10 billion in foreign investment to prop up the country’s battered economy.
The Labor Ministry has denied a report that it plans to limit the stay of foreign workers to eight years, but a ministry source on Monday insisted that the proposal is being studied and would be implemented.
04:55 GMT
The source was quoted in a local publication as saying that the implementation would be done in stages to soften any negative consequences for workers and employers.
The list of arms exports by Germany since 2002, which has now been disclosed by Gabriel’s Ministry for Economic Affairs, is shedding new light on how deeply Germany has been and is involved in supplying authoritarian regimes over with arms ‘Made in Germany'.
04:55 GMT
In a surprise move of transparency the German government has disclosed a list of all the arms exports from Germany since 2002.

March 11, 2015

Turkey may seek IMF aid after the general election in order to eliminate risks arising from unfavorable currency fluctuations and losses in the country's stock exchange.
18:03 GMT
Government officials have been underlining Turkey's new position as a potential lender to the IMF at every possible occasion in order to emphasize the developments made during the years the AK Party has been in power.
The recent fire at the Torch tower located in Dubai Marina raises several important concerns as to the safety of many of Dubai’s buildings.
08:06 GMT
Given the stakes and uncertainly that these issues collectively represent, the fallout from the recent Torch fire may have only begun.

March 10, 2015

They fear that investors would switch their capital to Saudi companies, creating rapid outflows that would impact negatively domestic stocks.
20:06 GMT
The Saudi stock exchange (Tawadul) is likely to open to foreign investors in 2015, and Gulf’s governments and corporates outside Saudi Arabia are concerned about the impact that it would have on their countries.
“The country has a number of important historical sites and places of natural beauty that could be a magnet for tourists from around the world.
19:58 GMT
Saudi Arabia is capitalising on both new business and leisure tourism opportunities with 55 planned or under-development projects.