Main headlines

November 24, 2014

The conference aims to profile investment opportunities in Egypt's various sectors.
11:52 GMT

Dubai-based business intelligence tool MEED will host an "Invest in Egypt" conference.

Despite the harsh criticism against Israel, the government did not attempt to block big land sales to Israelis.
04:55 GMT

The amount of land purchased by Israeli nationals in Turkey has skyrocketed over the past two years.

Al Kaf was the Gulf’s longest-serving CEO in the sector, taking the helm at Mobily in 2005 after 19 years at UAE’s etisalat.
00:27 GMT

Al Kaf will be suspended until Mobily’s audit committee completes its investigation into these errors.

November 23, 2014

The Brotherhood has been a source of friction between Gulf Arab states
13:22 GMT

On Saturday the UAE designated 85 organisations as terrorist groups including the Brotherhood, Islamic State.

 
Total cost would be between $1.5-$2 billion, the company said, and supplies to Egypt would start flowing in 2017
04:55 GMT

Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an export plant in Egypt.

November 20, 2014

The demand has been unprecedented, locally and internationally.
16:25 GMT

“With all the tickets now sold out, we can officially say that the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix is going to be bigger than ever before!”

An investment conference will be held in Egypt in December, to attract businessmen and investors.
16:01 GMT

Disney World shows in Egypt sends an important message to domestic and international investors to Egypt.

Çelik noted that the government plans to amend the existing law in order to give companies that have not yet acquired a specialist extra time to comply.
04:55 GMT

The number of hazardous workplaces in Turkey, especially those related to industries such as mining and construction, stands at 680,000.

Dubai, which also topped the global ranking for air connectivity, was acknowledged for its growing infrastructure and diversity.
04:55 GMT

Dubai has been ranked as the most attractive city in the world to work in, beating others such as New York and London, according to an INSEAD alumni survey.

The region's airlines are securing funds as they take delivery of what Boeing has forecast to be a need for 2,610 aircraft by 2033,
04:55 GMT

Gulf-based airlines have closed financing agreements for a total of 16 Boeing and Airbus aircraft,

The bank directed PricewaterhouseCoopers to remove key warnings to regulators on illicit transactions in an independent report.
04:55 GMT

Bank of Tokyo-Mitsubishi UFJ was fined $315 million by a US banking regulator Tuesday for pressuring a consultant to water down a report on transactions with Iran.

November 19, 2014

Investment volume in the private hospitals sector in the Kingdom exceeds JD2 billion, Private Hospitals Association President Fawzi Hammouri said Monday.
04:55 GMT

Private hospitals employ 30,000 workers, 95 per cent of whom are Jordanians.

Global cocoa consumption has grown by an average of three percent every year from 2008 to 2012.
04:55 GMT

Rising demand from Asia and economic and environmental pressure on cocoa farms is threatening to make chocolate a rare delicacy in the next five years.

November 18, 2014

For the first time since the third quarter of 2009, the Israeli economy posted negative growth, with GDP dropping 0.4% on an annualized basis in the third quarter
20:12 GMT

The economy contracted for the first time since 2009 due to Operation Protective Edge.

Elsalamawy said that he was unable to confirm the figures but stated that “Solar energy does not constitute a significant portion of the energy in Egypt”.
18:47 GMT

Egyptian electricity production generated from solar energy dropped by 48% in 2012/13 compared to the year 2011/12.