August 7, 2013
Syria is trying to tap frozen funds in foreign bank accounts to step up purchases of food stocks including wheat, as civil war and a deepening humanitarian crisis push President Bashar Assad to seek new ways to feed his people.
The EU Delegation in Tunisia has made a grant of €32.9 million to Tunisia to renovate 119 neighbourhoods throughout the territory;
A little over half of the approved loans, which came from 662 applications, were for new constructions. According to NBK, these figures are roughly double the amount approved during the same period in 2012.
August 6, 2013
Customers seeking unsurpassed luxury in travel can book a tailor-made experience on Emirates Executive, the ultra-spacious Airbus 319 aircraft, and enjoy new technology and design to meet the most discerning traveller’s requirements.
The first roadshow to the US hopes "open new avenues of cooperation in various areas, particularly with the huge participation of public and private sector in the delegation".
Iran's inflation rate hits 33.9 percent.
The figure is the highest since November 2011, but it nonetheless shows that Egypt continues to bleed foreign currency to defend the Egyptian pound.
The companies, which signed the shareholders’ agreement recently, have been working toward the agreement since a Heads of Agreement was signed in March.
The surcharge that UAE cardholders are now paying to petrol stations will be shared between the merchants and the acquirers or banks that process the transaction,
August 5, 2013
The Smart Learning Program, to be completed by 2017, is set to revolutionize education in the UAE.
Income at Dana Gas fell by almost half during the second quarter after lost production in the Kurdish region of Iraq and difficulties collecting debts from Egypt. Read more: http://www.thenational.ae/business/industry-insights/energy/income-at-dana-gas-tumbles-by-almost-half#ixzz2b5Qg1pGa Follow us: @TheNationalUAE on Twitter | thenational.ae on Facebook
"The new law is part of a number of recent, positive legislative developments in Kuwait's investment sector designed to encourage foreign investors as well as align it with international best practices, as Abdul Aziz Al-Yaqout, Regional Managing Partner, DLA Piper Middle East, said,
A father and son have been convicted of defrauding Dh100 million (around 27 million USD) in fake investments using the name of their deceased business partner, the Cassation court ruled.
Dubai will be the first city in the Middle East to host a local chapter of the forum in December and Dubai SME, the agency of the DED in Dubai mandated to develop the small and medium enterprise (SME) sector.
August 4, 2013
Growth in total lending of Oman's six listed commercial banks declined to 7.5 per cent in the first half of 2013 as retail loans slowed down significantly due to regulatory restrictions.