May 26, 2014
The Egyptian Stock Market witnessed a significant rise in its main index EGX-30 index on Monday, recording 8,736.28 points, its highest level since 2008.
The Egyptian pound unexpectedly fell to record EGP 7.14 against the dollar after the Central Bank of Egypt (CBE) held an “exceptional foreign exchange auction” on 14 May
Khosravi’s business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.
Soma Holding, the firm operating the coal mine in which 301 workers died in Turkey's worst-ever mining disaster has called mine workers at the company's other two mines to start work “if they feel well".
The country is currently exporting about 1.2 million barrels per day and has projected 1.5 million barrels of daily sales in the national budget for the year.
May 25, 2014
France set a new record in 2013 in terms of the number of GCC investment initiatives taken, especially in manufacturing activities and research and development operations.
Apple, following a jury verdict that Samsung Electronics infringed three of its patents, is seeking a US sales ban on some older models of the South Korean company's smartphones.
Donald Trump, the New York real-estate mogul, is back in Dubai with plans for a golf course and 104 mansions three years after a plan to build a hotel tower bearing his name was scrapped in the emirate.
Samsung's been more than happy to experiment with the shape of smartphones, often to ridiculous results, and it sounds as though this watch will be just another extension of that.
Iraqi engineers began repairs Saturday to a northern oil pipeline that has been disabled for months by militant attacks, costing the country millions of dollars in lost revenues, officials said.
Sovereign wealth funds in China and Qatar signaled their increased commitment to Russia, boosting Moscow’s hopes of strengthening ties with Asia and the Middle East as relations with the West deteriorate.
Last week, the King approved a five-year plan worth more than SR80 billion ($21.33 billion) to develop the education sector.
Saudi Energy 2014 is set to surpass the success of the 2013 edition that gathered 7,564 visitors.
The affirmation primarily reflects the solid growth in Sharjah’s GDP per capita.
May 24, 2014
The UAE has called for increased coordination between GCC member countries to achieve economic integration in the region.