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April 5, 2015

The Nile River and basin as seen from space. The Baro-Akobo-Sobat sub-basin stretches from Ethiopia to South Sudan. (Image: WIkipedia)
14:32 GMT
The study takes into account irrigation, wetland management, basin rehabilitation, power generation and will address the cross-border implications of the projects.
The new law contains 378 articles intended to promote sustainable economic development and to strengthen competitiveness. (Image: File photo)
12:18 GMT
New companies law in the UAE eases flotation rules and raises the level of regulation to international standards.
The Jaber border crossing (known as the Nasib border in Syria) was closed following clashes between rebels and Syrian government troops. Lebanese truckers were kidnapped and goods seized during the fighting. (Image: AFP/File)
07:29 GMT
The closure of the Nassib border crossing between Jordan and Syria following violent clashes cuts off a vital network for trade between Lebanon, Syria, Jordan and Gulf countries.

April 3, 2015

“It is likely that the talks would not lead to a sudden release in sanctions, but rather, Iranian crude would slowly flow out into the western market.”
18:34 GMT
Iran is said to be having more than 20 million barrels of oil stored offshore in super tankers ready to be shipped in a month or two if sanctions are removed.
Yemen’s significance lies in its strategic location near oil tanker shipping routes in the Gulf of Aden and the Red Sea.
18:13 GMT
Oil supply shock trade is not expected to last that long.
Out of the 150 publicly listed organisations that were included in the review, 100 were recognized for being instrumental in the growth of GCC companies,
12:25 GMT
The latest Top CEO Awards, which recognizes the best leaders who have delivered solid results and kept businesses in the Gulf Cooperation Council (GCC) region growing, is out.

April 1, 2015

Last week, a leading Swiss banker told his Lebanese counterparts that the era of banking secrecy was over.
21:23 GMT
Lebanon will not abandon its banking secrecy law.
It is just about impossible for a mall developer from one of the other Gulf states to try and do something new in Dubai or Abu Dhabi.
21:05 GMT
They are helming major expansions and integrating hospitality to cast the net wider
"Tunisia must begin to say (to tourists) 'we are ready to welcome you'. There should be no looking back," he added.
12:52 GMT
The attack raised major concerns about the future of Tunisia's vital tourism industry.

March 31, 2015

The average tourist spending during the last year was $74-per-night, according to the Economic Advisor to the Minister of Tourism.
08:39 GMT
Saudi tourists were the biggest spenders during 2014, spending $131.5 per night, followed by US tourists spending $101.3 per night.

March 30, 2015

Arab tourists represented 14.8% of the total visiting tourists with 13,000 in July.
20:17 GMT
Despite its geographical closeness to Egypt, the percentage of GCC tourists visiting Egypt compared to the total number of tourist has not exceeded 20% in any given month in 2014.
15:51 GMT
Political and economic turmoil over the last four years caused decline in the volume of Arab exports and imports specially between the Arab Spring countries such as Syria, Libya, Yemen, and vice versa.
Mahmoud said that Egypt’s new visa rule and tighter control of its security issue boosts tourists’ confidence in the country.
09:38 GMT
An overhaul of Egypt’s visa system announced last week is unlikely to keep Gulf residents from jetting off to see the pyramids this summer.

March 29, 2015

The ambassador mentioned that the CPEC would also boost the economies of the Gulf states by increasing the trade volume and huge savings in freight.
12:18 GMT
As of now, 60 per cent of China’s imported oil comes from the Middle East, and 80 per cent of that is transported to China through the dangerous Strait of Malacca.
Unemployment stands at 25 per cent and output is set to contract this year, sharply increasing the threat of instability and violence.
06:55 GMT
Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy