Main headlines

March 24, 2014

He added that the government also plans to work with the foreign ministry to launch offices abroad to promote tourism in Egypt.
03:55 GMT

Egyptian Tourism Minister Hisham Zaazou said on Saturday that the tourism sector is completely collapsed, adding that he plans to make great changes in management to improve conditions.

The minister added that the meeting will tackle the possibility of signing long-term contracts regarding the supply of Russian wheat to Egypt.
23:36 GMT

The minister added that the meeting will tackle the possibility of signing long-term contracts regarding the supply of Russian wheat to Egypt.

March 23, 2014

Etihad has been building a network of airlines by buying up minority stakes as it seeks to channel more passengers from its partners' planes to its Abu Dhabi hub.
21:49 GMT

Air Berlin, Germany's No.2 airline after Lufthansa, needs to remain German so as not to lose its traffic rights outside the European Union.

Nsour also highlighted the need to target Jordanian expatriates in order to attract them for carrying out investments in the Kingdom.
21:22 GMT

There is a dire need to draft “modern” investment strategies to meet the current regional and international conditions, Nsour said.

Bank Muscat maintains its leadership position by playing an integral part in large-scale infrastructure projects
13:55 GMT

Bank Muscat highlighted the role of local banks in financing infrastructure projects at the 4th Oman Economic Forum (OEF) held last week.

The MICE sector generates Dh2.4 billion(over $653 million) every year in Abu Dhabi alone (File Archive)
13:00 GMT

The Gulf Incentive, Business Travel and Meetings Exhibition is set to start Monday this week in Abu Dhabi

Passenger traffic has dramatically increased in Amman since the opening of the new airport last year (File Archive/Shutterstock)
11:00 GMT

Jordan's recently renovated Queen Alia International Airport witnessed a 19.3 percent increase in passenger traffic in February.

Iran’s top oil importers have bought more than 1 million bpd since November
08:55 GMT

Latest data showed that the four top importers of Iran's crude have bought over 1mln bpd of oil from the Middle-Eastern country since November, when Tehran and the world powers struck a deal

Helmy also said that Italy is considered the number one trade partner with Egypt in the European Union, and also ranks second in terms of international economic partners.
03:55 GMT

The business council meeting would help expand economic cooperation between the two countries in different sectors related to industries, construction, textiles and petrochemicals, he said.

Thirty-six Saudi engineers have been referred to the Ministry of Interior for investigation due to suspicion that they are holding fake engineering degrees.
03:55 GMT

“The total number of fake engineering degrees that were discovered has amounted to 1,300."

The currency dropped by as much as 0.7 percent before trading 0.4 percent weaker at 2.2387 per dollar during morning trading in Istanbul.
02:07 GMT

The Turkish lira weakened following Prime Minister Recep Tayyip Erdogan’s decision to block access to Twitter nine days before local elections.

March 21, 2014

 The UAE, the second biggest Arab economy, doesn’t impose income taxes.
00:50 GMT

Junior bankers in the UAE are reaping almost 36 per cent more salary than their counterparts in London,

Currently, they have 2,000 taxis registered in Cairo and the app has recently been launched in Alexandria as well.
00:40 GMT

The app has been recently launched in Egypt, part of a network that started in South America, specifically Brazil, and is now available in 30 countries worldwide

March 20, 2014

Dubai launched its first entrepreneurship academy earlier this year to  support the growth of SMEs in the emirate (Courtesy of Gulf Business)
14:00 GMT

Small and Medium Enterprises are expected to grow in the UAE over the next few years.

Qatar will issue 10 tenders in 2014 for project managers and design consultants for the construction of the World Cup stadiums (File Archive)
12:00 GMT

Qatari officials assured media outlets this week that Doha's preparation for hosting the 2022 World Cup is "on track."