January 29, 2014
Rafik Hariri International Airport registered over 5 percent growth in the number of passengers in the year 2013, the General Directorate of Civil Aviation.
“On a per capita basis, total US aid to Egypt decreased from $44 in 1991 to $18.5 in 2013, the lowest compared to Jordon and Israel,” according to Dcode.
January 28, 2014
The smartphone market hit a milestone in 2013 with more than a billion shipped, a survey showed on Monday.
Ford Middle East posted record sales in 2013 with 85,000 cars sold, thanks in many ways to its top consumers in Lebanon.
The United Arab Emirates central bank's foreign currency assets fell to Dh269 billion ($73.2 billion) in October 2013 from $284.3 billion the previous month, representing the largest fall since 2009.
The Saudi government’s rising investment in infrastructure projects in the Kingdom would create nearly 2 million direct and another 2.5 million indirect jobs, local media.
Iraq plans to establish a state-funded investment bank to help finance big infrastructure projects and steer money towards private sector companies which need it.
Hotel guests will soon have to pay a “tourism dirham”. It is a fee that will be imposed on guests staying at hotels and hotel apartments in Dubai.
January 27, 2014
The US officials, who were not authorized to speak publicly on the matter and demanded anonymity, said the aid was being sent through Turkey into Syria.
Turkey ramped up its defence of the lira on Monday when the central bank announced a crisis meeting after currency intervention failed to support the currency.
Banking and economic expert Bassant Fahmy explained that the move is aimed at limiting the authority of exchange companies.
Former French ambassador to Iran Francois Nicoullaud told Reuters those French firms that operated in Iran before the sanctions wanted to return.
Iraq cannot finance its projected 2014 budget deficit unless the northern Kurdistan region pays its oil export revenue into the national treasury – or loses its share of state spending.
Revenues of the country’s telecom sector have dropped by 9 per cent since the government increased taxes on cellular phones and mobile subscriptions.
The widely popular Indian motorcycle brand Hero has been launched into the Egyptian market.