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Egyptian President Abdel-Fattah El-Sisi announced the allocation on Thursday at a Labour Day celebration.  (Parlmany)
16:45 GMT
The EGP100 million fund would go towards supporting workers in ailing sectors such as tourism.
The new power plant will be located 15km south of the capital Doha, adjacent to Qatar Economic Zone.  (Siemens)
13:00 GMT
The deal for Umm Al Houl combined cycle power plant is the second major power generation services order from Qatar in past six months, it stated.
In recent months, gasoline prices in Bahrain have been raised by nearly 60 percent. (File photo)
12:00 GMT
Despite tax increases on utilities, tobacco and alcohol, more efforts are needed to cut Bahrain's fiscal deficit, which is projected to reach 19.5 percent of GDP in 2016.
Etihad and partners Alitalia, Jet Airways, airberlin, Air Serbia, Air Seychelles, NIKI and Etihad Regional will help fashion’s insiders arrive, connect and present at the industry’s key moments throughout the year. (Twitter)

(Twitter)
10:00 GMT
Under the first multinational, multi-year airline sponsorship supporting the fashion industry, Etihad Airways becomes the official airline of fashion week events in New York, London, Milan, Berlin, Sydney and Mumbai.
The card is uploaded off-camp with 62 Turkish Lira per person per month, about 19 euros. It provides each person with an average of 2100 calories per day.  (Twitter)
09:47 GMT
The World Food Programme has been using the e-Food cards in Turkey for three years, where over 2.7 million Syrian refugees are sheltered in 26 refugee camps.
Oman envisages Ras Markaz to be one of the largest oil storage hubs worldwide. (Shutterstock)
08:00 GMT
Financing for the construction of a strategic oil reserve 70km from Duqm requires global financing, according to Oman's oil minister.
Many people feel negative about their jobs because of others’ perceptions, office politics or problems that are not related to the job in itself. (File photo)
05:59 GMT
If career change is unlikely, find ways to change your mindset or an outlet for your job frustrations.
Employees of the Saudi Binladin Group are seen at work in Mecca. (SPA)
05:00 GMT
Daily sit-in protests have become the norm as Binladin workers given the option to take urgent exit visas or wait for payment of arrears, some of which date back six months.

April 28, 2016

Qatar National Bank is one of the largest banks in the Middle East and the largest lender in MENA by assets. (Wikipedia)
12:00 GMT
Leaked documents allegedly include photos, bank details and contact details of customers including members of the Al-Thani family, Al Jazeera journalists and government officials.
Teenagers will enter a world with uncertain career paths and high costs of living and need all the financial advice they can get.  (Shutterstock)
11:27 GMT
If the next generation could learn from your financial mistakes, what would you tell them?
The findings have implications for all crowdsharing apps, although Waze is more sensitive because of its location-based data.  (Waze)
11:09 GMT
University of California researchers have found that the navigation and traffic monitoring app can be hacked to track users movements in real time and create fake traffic jams.
Kuwait has announced plans to lay off 'unnecessary' expat employees in an effort to reduce the number of expatriates in the country. (File photo)
11:00 GMT
Kuwait continues to put the pressure on expats, who account for 70 percent of the population.
According to the report, Amman is more expensive than Beijing, Luxembourg, Berlin, and others primarily due to the low average income. (Twitter)
10:18 GMT
The Jordanian capital's place at the top of a report by the Economist Intelligent Unit is dividing opinion.
Dubai's real estate developers are expected to continue seeing robust revenues despite the challenges.  (Realestatedubaiproperty.com)
10:00 GMT
A combination of pressures including low oil prices will drive property prices down by ten percent and dampen expansion plans according to Standard and Poor's.
The Dubai Forum was hoped to be a chance for the ministry to woo tourist companies back to Egypt after the slump in touristic trade Egypt has suffered from in the last few years.  (File photo)
09:00 GMT
FTI, Germany's fourth-largest tour operator, accused the tourism minister of refusing to listen to the requests of trip organizers.
Dubai's 'Museum of the Future' will be built in 2017 using 3D printing construction techniques. (3D print)
08:00 GMT
Sheikh Maktoum has announced Dubai's new strategy to promote 3D printing technology in construction, medical products and consumer products.
If this your first Skype interview, it would do you good to do a mock interview with a friend. (Shutterstock)
07:29 GMT
With online interviews becoming increasingly common, be aware of the extra preparation needed beforehand.
Saudi Aramco plans to sell less than 5 percent of the company via an initial public offering. (File photo)
07:00 GMT
In addition to an IPO, the energy giant plans joint ventures, a focus on local recruitment, a sukuk issue and new management structure.
THAAD, or Terminal High Altitude Area Defense is an anti-ballistic missile system designed to shoot down ballistic missiles using kinetic energy. (Defensetalk.net)
05:52 GMT
Qatar's $12.7B budget deficit may delay the sale of a major Lockheed Martin THAAD missile system deal.

April 27, 2016

Swift, or the Society for Worldwide Interbank Financial Telecommunication, is a cooperative owned by 3,000 financial institutions. (Shutterstock)
13:51 GMT
In the wake of the Bangladesh Bank heist, the global financial transfer network revealed that it has been the victim of several cyberhacks.
As part of the Harrods exhibition, Emaar will be selling residential property at Dubai Creek Harbour in projects known as Creekside 18 and Harbour Views. (Harrods)
13:20 GMT
In cooperation with Emaar, Harrods is showcasing the best of Dubai in its second-floor windows in London.
Those who lack motivation to commit to healthier lifestyles can sometimes be encouraged with incentives or rewards. (Shutterstock)
13:01 GMT
From a purely financial standpoint, a sick employee will cost you in more ways than one, so it's worth investing in their wellness.
Internet speed is faster in Syria than in Lebanon. (Shutterstock)
12:45 GMT
Interactive Middle East Company has ranked 22 countries according to broadband speed.
Bahrain's tourism sector contributed around $700 million - around 3.6 percent of GDP - in 2015. (Shutterstock/Philip Lange)
12:00 GMT
Bahrain's Tourism and Exhibitions Authority has launched the 'Ours.Yours.' campaign to stimulate investment and attract tourists.
The disparity in bonuses and benefits being paid to various employees, created discrimination and dissatisfaction among employees. (File photo)
11:00 GMT
In an effort to trim budgets, Oman's Finance Ministry is tackling the large discrepancy in bonuses and benefits being paid to public sector workers.
France’s 2003 Lellouche law has been applied to punish Boycott, Divestment, Sanctions (BDS) activists for seeking to damage Israel’s economy. (Twitter)
10:00 GMT
An account held by BDS with the Credit Mutuel bank in France appears to violate French law, while branches in New York are awaiting the outcome of anti-BDS proposals.
Due to oversupply around the world and low global demand, crude oil prices began falling in June 2014 from $115 per barrel.  (File photo)
09:00 GMT
A World Bank economist predicts a rise in oil prices, unless OPEC significantly increases production.
Jordan's Finance Minister warned that the forecast for economic growth is around 2.7 per cent this year, which is below the 3.5 per cent forecast in the state budget. (Flickr/Andrew E Larsen)
08:00 GMT
The new terms for the IMF's $700M-$800M Extended Fund Facility are expected to include more fiscal reforms and structural adjustments.
The Qatar Airways chief claims the delay in taking delivery of the A320neos has hurt the airlines growth by more than 5 per cent. (Twitter)
07:00 GMT
In December Qatar Airways refused to take delivery of Airbus’ new A320s due to technical problems which have not yet been resolved.
A number of agreements will be signed during the forum to increase investment and trade volume between the two countries. (Egyptian Presidency)
06:03 GMT
Bahrain's King Hamad bin Isa Al Khalifa is on a two-day official visit to boost bilateral relations and investments.
The 63-storey hotel was evacuated during the fire, which was caused by an electrical short circuit. (File photo)
05:41 GMT
Dubai's Address Downtown hotel will not open this year due to renovations following the New Year's Eve fire.

April 26, 2016

As the head of a startup, it should always be your mission to convey that you are building a great business that will grow into success, to attract the right employees, who are motivated to work with you and help the company succeed. (Bayt)
14:00 GMT
Abrar Ahmed, founder of Hamariweb.com, Pakistan's largest web portal, shares tips on how he attracts top talent to his startups.
Vision 2030's emphasis on privatization of state assets is designed to help wean the economy away from oil dependency. (File photo)
14:00 GMT
What you need to know about Saudi Arabia's plan for economic transformation.
The P9's dual-lens camera allows photography in colour and black and white. (Gizbot)
13:31 GMT
Huawei's P9 and P9 Plus models take smartphone photography to the next level with help from Leica.
The railway will begin from Kuwait City and will pass through Dammam via Bahrain and  Qatar through Salwa border point.  (Shutterstock)
13:00 GMT
The new targeted completion date for the 2,117km railway, estimated at a cost of $15.4B, is 2018.
The IMF has encouraged steps to lift subsidies and tighten public sector spending. (AFP/File)
12:00 GMT
The IMF's MENA director praised Saudi Arabia for its Vision 2030 plan, but warns that other countries must do more to offset the impact of cheap oil.
The vehicle is designed to travel short distances on pre-programmed routes and can carry 10-12 passengers.  (Twitter/RTA)
11:09 GMT
Dubai's Crown Prince inaugurated Dubai's first driverless vehicle which is being developed to play a part in Dubai's smart city plans.
Qatar plans to announce five new routes this year. (Twitter)
11:00 GMT
Talks to partner with Saudi Arabian carrier Al Maha have been hit by repeated delays, while Qatar Airways warns that investment in the beleaguered Italian airline will not come without job cuts.
An official from the Jeddah Chamber of Commerce and Industry Telecommunication and Information Technology Committee suggested a gradual system of training Saudi employees to replace expatriates. (Qudrat.com.pk)
10:00 GMT
Insufficient local expertise and less-than-suitable workplaces for women may lead to the loss of telecoms businesses as they struggle to meet Saudization regulations.
The gap in estimate means a NIS 100 billion reduction in revenue from gas sales and a reduction of more than NIS 50 billion in state revenues from taxation. (File photo)
08:00 GMT
Israel's energy ministry is investigating a Dutch consultancy's claim that the Leviathan gas reservoir contains almost a quarter less than previously estimated.
Bloomberg reported a meeting between officials from Iran’s Qeshm Free Trade Zone and Bombardier on a project to set up an airline in the southern Qeshm island. (Omnifeed)
07:06 GMT
The Canadian aviation company have only confirmed that 'exploratory discussions' in Iran are underway.
Increasing subsidy allocations will put stress on the state’s budget. (File photo)
06:02 GMT
The government is also battling the effects of pound devaluation by selling commodities at designated locations at 50 percent lower than market value.
Oil exports were not affected by the strike action.  (AFP/File)
05:13 GMT
With production cut by up to 60 percent, the three-day strike over proposed austerity cuts lead to losses between $175M and $200M.

April 25, 2016

More details of the sweeping changes are expected to be released shortly. (File photo)
13:52 GMT
King Salman announced that the much-anticipated transformation plan to move the country away from oil dependency has been approved.
Emirates has said it would now launch flights to Panama at the end of 2016 or in early 2017. (File photo)
12:00 GMT
Emirates' plans for expansion in Latin America are being scuppered by its failure to procure strategic code-share agreements, but the airline remains hopeful.
A row of tombs from the al-Khuraymat group, in the archaelogical Nabatean site of Mada'in Saleh. (Wikipedia)
10:30 GMT
The move is part of 'The Kingdom is Muslims’ Destination' tourism initiative and is also available to business visa holders and GCC citizens.
The Vision Council reports an increase in myopia that scientists attribute to a mix of genetic and environmental factors, including increasing near-range activities such as the use of digital devices. (Tech Times)
10:18 GMT
The new app uses facial recognition to alert the user when they are too close to the screen, helping to prevent eyestrain and myopia.
If you’re doing business or shopping online, take the time to investigate the reliability of the sites you are using. (Shutterstock)
10:07 GMT
When it comes to protecting your data online, sweat the small stuff.
If you aren't aware of your communication and management style, do some self-evaluation before the interview. (Shutterstock)
09:32 GMT
If you're looking to move up the corporate ladder, be prepared for tougher questions during the interview process.
The second phase of the project includes 300 residential units, 240 villas and five administrative buildings over 53,000 sq m of land.  (Sedra Homes)
09:30 GMT
The mixed-use, $2.2B Cairo Festival City project enters its second phase of development with plans for more homes and administrative buildings.
Zee's Alphabet is aimed at 3-5 year olds to teach the Arabic alphabet. (AppyKids)
09:14 GMT
Some of the Middle East's best apps for training the brain!
One of Israel's main concerns is that Russian involvement would forestall the development of Leviathan in order to prevent competition with Russian gas. (File photo)
08:30 GMT
The prospect of Gazprom joining the Leviathan partnership, rebuffed in 2013, was raised during Netanyahu's meeting with Vladimir Putin in Russia last week.
The drop in oil prices has severely affected Bahrain’s public finances, with 86 percent of the total revenues dependent on oil. (File photo)
07:30 GMT
Credit rating agencies have put Bahrain under pressure to reduce spending or risk junk bond status.
The proposed solar project will create jobs of 1,000 people locally.  (File photo)
06:30 GMT
A German consortium has plans for a solar power project with the capacity to generate one gigawatt, subject to approval by the Omani government.
The 1.5 million sq ft park will have a two-month headstart over rival Dubai Parks and Resorts. (Raconteur.net)
05:43 GMT
The Marvel and Cartoon-Network themed destination is set to be the world's largest indoor theme park.

April 24, 2016

Saudi Arabia's deputy crown prince, Mohammed bin Salman is due to announce the National Transformation Plan tomorrow. (Twitter)
14:47 GMT
Ahead of the much-anticipated National Transformation Plan, the financial advisor to the deputy crown prince revealed that nearly a quarter of the budget was wasted on inefficient spending every year.
Friends of the Earth Middle East Director Gidon Bromberg stands at the shore of the Dead Sea. (Waterworld)
10:00 GMT
Proposals for the Red Sea-Dead Sea Water Conveyance Project have been delayed until May 30.
Many companies organize their own pregnancy wellness initiatives.  (Shutterstock)
06:07 GMT
An employer’s duty of care to a pregnant employee should extend beyond ensuring she is covered for insurance purposes.
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah Al Sisi, President of Egypt.  (File photo)
05:36 GMT
The agreement was confirmed during a visit to Cairo by Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed al-Nahayan.
France's President Francois Hollande (C) arrives with UN Secretary-General Ban Ki-moon at the UN after the Opening Ceremony of the High-Level Event for the Signature of the Paris Agreement April 22, 2016 in New York. (AFP/Kena Betancur)
04:56 GMT
The signing represented the biggest day-one endorsement of a global accord, but many states still need to a parliamentary vote to approve the deal.

April 21, 2016

(L-R) Saudi Defence Minister and Deputy Crown Prince Mohammed bin Salman, Bahrain's Crown Prince Salman bin Hamad al-Khalifa, Kuwait's Emir Sheik Sabah al-Ahmad al-Jaber al-Sabah, Qatar's Emir Sheik Tamim bin Hamad al-Thani, Oman's Deputy Prime Minister Sayed Fahd bin Mahmud al-Said , US President Barack Obama, Saudi King Salman, Bahrain's King Hamad bin Issa al-Khalifa and Saudi Interior Minister Crown Prince Mohammed bin Nayef. (AFP/Jim Watson)
13:25 GMT
Barack Obama's whistle-stop tour has the outgoing President tiptoeing around issues from the US-Iran relationship to Brexit.
The pink gold versions will be on sale in South Korea, with a rollout to select world markets.  (The Verge)
13:01 GMT
Samsung thinks pink for the Galaxy S7 and S7 Edge.
Tunisia is extending its focus to cultural and medical tourism in order to boost visitor numbers. (Pixabay)
13:00 GMT
While visitor numbers remain low, there are positive signs of recovery for Tunisia's tourism industry.
Once the Al Ain Wildlife Park and Resort project is completed, it will include an expansion of the safari, an elephant sanctuary, an Arab safari, and an Asian safari. (Pixabay)
12:00 GMT
The Al Ain safari park features 217 hectares of open space and more than 250 animals.
The prospect of a syndicated loan of up to $10 billion and a potential Eurobond sale were factored into Fitch's projections when it downgraded Saudi Arabia to AA-Negative earlier this month. (File photo)
11:00 GMT
Saudi's first international loan in 25 years is a reflection of the pressures caused by low oil, but could encourage corporate sukuk, bond issuances.
A contingency fund should ideally have at least three months of running expenses. (Shutterstock)
10:45 GMT
In today's unpredictable economy, can you cover an emergency expense, or provide for your family in a period of unemployment?
How do your employees perceive your brand values and mission statement, and how much do they believe in them?  (Shutterstock)
10:13 GMT
Creating a strong sense of corporate purpose in today's diverse workforce requires good communication and should come from the top.
Arabtec has plans to build a million homes in Egypt, but is only in the initial stage of the first 13,000. (File photo)
10:00 GMT
The beleaguered construction giant eyes India expansion, but foresees job cuts in order to come out of the red next year.
Bloomberg will be offering more localised content and feature regional talent for its Middle East platforms. (Capital New York)
09:00 GMT
The global information giant expands its Middle East operation with a new deal with ADGM.
Dubai is still the Middle East's favorite place to shop for luxury items. (Tumblr)
08:00 GMT
An American Express survey has found that high-income Qataris spend double the amount as Emiratis on luxury products and services.
The aim is for the organisation to be sustainable and continually receive funding over the long term from companies. (File photo)
07:00 GMT
The Emirati business magnate aims to support 15,000 STEM students over the next ten years to attend the world's top universities.
With oil prices down by approximately 65 percent compared to their mid-2014 levels, total earnings combined at the six companies declined 34 percent in 2015. (File photo)
06:00 GMT
Fitch has downgraded the ratings of six oil giants including Shell, Total and Eni as low oil prices eat away at predicted cash flows.
In November, Russia issued an immediate suspension of all commercial flights to and from Egypt, pending a report on the status of security procedures at Egyptian airports. (File photo)
05:15 GMT
The inspections are the latest in a series of foreign assessments following since the fatal downing of a Russian plane over Sinai in October.

April 20, 2016

The Secretary-General of Hezbollah Sayyed Hasan Nasrallah has denied that the party deals with any Lebanese or foreign banks. (File photo)
14:00 GMT
Lebanese banks have been warned that US anti-Hezbollah regulations extend to all currencies, including the Lebanese pound.
OTT calls are here stay and UAE telecom operators should tweak their business models accordingly. (Viber free)
13:00 GMT
Snapchat and other internet calling apps such as Viber and Whatsapp do not necessarily have to be revenue drains for UAE telecoms firms, argues an industry expert.
Islamic finance will likely remain a moderate contributor due to the industry's small size and the issues it has yet to resolve to unlock its global potential. (File photo)
12:00 GMT
Islamic finance could play a 'modest' role in achieving the UN's sustainable development goals, according to Standard & Poor's global head of islamic finance.
The bill will now go to the Guardian Council, the constitutional supervisory body, for ratification before becoming law. (Wikimedia Commons)
11:00 GMT
Iranian MPs have endorsed the draft budget, which sets oil at $40 a barrel and nearly doubles the quantity exported prior to sanctions.
French President Francois Hollande (C) delivers a speech as Defence Minister Jean-Yves Le Drian (C-L) watches on at the Prince Hassan French military base, some 100 kilometres from the Jordanian capital Amman on April 19, 2016. (AFP/Stephane de Sakutin)
10:00 GMT
French President Hollande announced that France would increase its financial aid to Jordan by extending 1 billion euro in cheap loans over the next three years.
Alabaar is also the founder and a major shareholder of Singapore-based marketer, distributor and retailer RSH, which has more than 70 international fashion and lifestyle brands and 700 outlets. (The Fashion Spot)
09:00 GMT
Dubai entrepreneur and Emaar chairman Mohamed Alabbar has bought a four percent stake in the Milan-listed luxury retailer.
Kuwaiti oil workers arrive at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city, on April 17, 2016. (AFP/Yasser Al-Zayyat)
08:00 GMT
Thousands of striking oil and gas workers in Kuwait returned to work this morning, after intervention from the acting oil minister.
If you are spending eight hours a day at your desk, decorate it with something that makes you smile.  (Shutterstock)
07:23 GMT
Personalize your workspace so that it brings you joy and inspiration.
Mayor of London Boris Johnson (L) watches during the unveiling of a replica of Palmyra's Arch of Triumph in Trafalgar Square, central London, on April 19, 2016 (AFP/Justin Tallis)
07:12 GMT
Palmyra's Triumphal Arch, destroyed by Daesh, has been reproduced with 3D printing and carving technologies by the Institute for Digital Archaeology and unveiled in London.
Over 1,100 people in the UAE's banking sector have lost their jobs since last year. (Emirates NBD)
07:00 GMT
Dubai's largest lender is the latest to announce job cuts, as the banking industry struggles to save costs in a weaker economy.
Iconic Warner Bros characters at Warner Bros Movie World in Australia. (Pinterest)
06:00 GMT
Bugs Bunny and company will find a new home on Yas Island in 2018, in a billion-dollar project that is expected to create 1,000 jobs.
FlyDubai established a Family Assistance Team, which is working to support bereaved families and to help identify and repatriate personal effects of the victims. (AFP/File)
05:06 GMT
One month after the fatal air crash in Rostov-On-Don, the airline has launched a website to express condolences for those who perished on flight FZ981.

April 19, 2016

Kuwaiti oil workers at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city.  (AFP/File)
14:00 GMT
A strike by 6,000 oil workers in Kuwait has reduced the country's output to to just 1.1 million barrels per day, compared to 2.81 million barrels last month.
French President Francois Hollande (C), flanked by Egyptian Minister of Transports Gallal al-Said (L) and Head of the National Authority of Tunnels (NAT), Ismael al-Nagdi, visits the third line of Cairo's metro which is under construction, on April 18, 2016. (AFP/Stefane de Sakutin)
13:00 GMT
Egypt's ninth largest trading partner signed a number of deals including support for the Cairo metro renovation, financing a wind power station and €180M in loans for additional infrastructure projects.
Expat remittances to Lebanon have been dropping since 2014, and low oil prices will continue to limit the amounts sent to Lebanon. (Argaam)
12:00 GMT
The World Bank has revised downwards expat remittances to Lebanon in 2015 from $7.5B to $7.16B, and there is little hope for a rebound in 2016.
Whenever you make a decision around security, the most important thing to consider is the adversary you face. (Shutterstock)
11:50 GMT
If you're choosing a smartphone based on how secure it is, you need to examine your biggest concerns.
Salaries can play a huge role in assessing job satisfaction. (File photo)
11:41 GMT
Here's how to compare your salary with others in your field.
The contract includes the design of elevated stations, and a construction of a tunnel under the Nile. (Vinci)
11:00 GMT
The contract was announced at a signing attended by Egypt's President Sisi and French President François Hollande in Cairo.
The international community pledged some $3.51B in aid over three years to rebuild Gaza, but only $1.41B has been delivered. (AFP/File)
10:56 GMT
Current revenue sharing arrangements outlined by the 1994 Paris Protocol are depriving the Palestinian economy of vital revenue, according to a World Bank report.
Airlines are likely to increase prices to offset the decline in corporate bookings. (Oman Air)
10:00 GMT
Airlines in Oman are feeling the pressure as falling oil prices and tighter budgets have led to a decline in corporate bookings.
Melinda and Bill Gates at the World Economic Forum. (WEF)
09:00 GMT
Qatar Development Fund is supporting a $2.5B sharia-compliant fund created by the Bill & Melinda Gates Foundation to combat poverty.
Monsoon and Accessorize were founded in London and together have more than 1,000 stores in 70 countries around the world. (Wikipedia)
08:00 GMT
The new partnership will see expansion of the UK fashion brand with 25 new stores in Saudi Arabia and a rollout of stores in the Gulf.
The investment will capitalise on Dubai’s growing logistics market and will offer premium warehousing facilities to tenants. (Twitter)
07:00 GMT
The investment comprises nine freehold plots of land in the Al Quoz Industrial Area covering an area of approximately 630,000 sq ft.
Contingency plans have been put into place to operate oil installations during the strike. (AFP/Yasser Al-Zayyat)
06:00 GMT
Authorities are arguing against the oil workers' right to strike, calling out limitations on unions to follow dispute-settlement mechanisms.
Morgan Stanley said that the failed deal "underscores the poor state of OPEC relations." (AFP/File)
05:20 GMT
As oil prices plunge in the wake of the failed oil producers' meeting, here are five things we learned.

April 18, 2016

At last year's Paris Air Show, Saudia ordered 50 passenger planes from Airbus worth some $8B. (Argaam)
13:04 GMT
The new low cost airline company, Flyadeal, will take on regional budget carriers such as Oman's Salam Air, launched last month.
Egyptian President Abdel Fattah al-Sisi (R) and his French counterpart Francois Hollande hold a press conference at the al-Qubaa palace in Cairo on April 17, 2016. (AFP/Khaled Desouki)
12:00 GMT
French President Francois Hollande confirmed support for a $1.4B Cairo metro expansion project and $1B arms agreement as pressure mounts against Sisi in the capital.