$1.13bn Italian credit to aid Dubai South growth

SACE, the Italian export credit company has announced a €1 billion ($1.13 billion) credit facility to help the development of Dubai South. The funding has...

Equate acquires petrochemicals firm

Kuwait’s Equate Petrochemicals is set to acquire MEGlobal for $3.2bn from the US’ Dow Chemical. MEGlobal is headquartered in Dubai and produces 1 million...

Saudi leads Gulf up as foreign investor limits eased

Saudi Arabia led Gulf stocks higher last week as Riyadh eased restrictions on foreign investment in its securities markets, while most other bourses in...

The possibility of an economic warfare in courts

Why? How? What would happen after the enactment of justice against sponsors of terrorism act (JASTA) now? By Rania Imam  - Eiman Rashed These are...

Dubai awards key internal road project

Dubai's Roads and Transport Authority (RTA) said it has awarded a contract for an internal roads project at Al Barsha area of the emirate. Al...

UAE startups ‘could add $1.5trn to global GDP’

UAE digital startups could increase global GDP by $1.5tn and create 10 million youth jobs, according to industry experts. Demonstrating the UAE’s potential, the country...

Growth in religious tourism plays key role in KSA’s post oil plan

RIYADH - Saudi Arabia's new post-oil economy plan as outlined in Vision 2030, which was announced recently, is receiving a huge boost from the...

Suez Canal attracts gulf companies

by Maye Kabil Although the new lane of Suez Canal was financed only by Egyptians and implemented mainly by Egyptian companies as promised on the...

Morocco prepares to test Africa’s fastest train, targeting 320kph

Engineers in Morocco are preparing to test Africa’s first high-speed railway this week with trains reaching 320 kilometres per hour. One train reached 275 kph...

Syrian refugees: on the route to the unknown

By: Doaa Hussein     For him, life was not that large. He has a spouse, 2 children, and a business to take care of. Ahmed...

Gulf stock markets in Ramadan

Gulf stock markets were trading within a narrow range earlier this week with activity depressed because of the Muslim holy month of Ramadan. Dubai’s main...

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Women honored at EGPS 2019

Minister of Petroleum and Mineral Resources Tarik El-Mulla stressed the increasing role of women in energy sector and in the various...

The Export Development Bank of Egypt opens a new branch in Beni Suef

Mr. Hani Abdul-Jaber, Governor of Beni Suef and Dr. Ahmed Galal, Vice Chairman of the Board of Directors of the Export Development...

Minister of Supply counter traders exaggerated bread pricing at the Journalists City by moving...

Dr. Ali Meselhi, Minister of Supply and Internal Trade, agreed to allocate a moving outlet for the sale of subsidized bread at...
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