March 17, 2015
Smart devices will be used during inspection of workers’ accommodation which will give precise information about the number of workers housed in a particular facility.
In order to make such infrastructure investment really take-off then the state needs to act as a seed financer only and secure the support of private investors to multiply that investment many times.
March 16, 2015
Food security has long been a burning issue in the GCC given the region’s over-dependence on food imports.
Egypt hopes to generate $20 billion in revenue from tourism by 2020 by attracting 20 million visitors, new tourism minister Khaled Ramy said on Sunday.
Cheaper oil dragged down Gulf stock markets on Sunday, while Egypt rose after an international conference pledged tens of billions of dollars of investment for the country.
Selfies, jokes, and billions: Sisi 'boisterous' after economic summit, but the hard part has just begun
Difficult times still lie ahead in a country where two-fifths of the population live on or around the poverty line.
Egypt has also signed Memorandums of Understanding (MOUs) for potential deals worth $92 billion at the conference, according to Salman.
March 15, 2015
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments
"This event marks an important step for Egypt. It shows that Egypt is open for business," said the World Bank's managing director.
March 14, 2015
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
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.
Gulf pledges billions in aid to Egypt, world leaders back Cairo's war on terrorism.
March 12, 2015
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.
Many countries around the world collect value-added tax from ordinary consumers when making small-value purchases or buying big ticket items.
Turkey's lira maintained its weak position against the US dollar on Tuesday, despite efforts by the central bank to defend the currency.