Category Archives: Business

Dubai visitor figures record minimal in first half 2018


Dubai saw relatively little growth in overnight international tourist visitors in the first half of the year, according to figures from the emirate’s tourism body. Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) said there were 8.10 million visitors … Continue reading

Category: Business

European funding supports Cairo metro upgrade

Congested Cairo's commuters

Egypt’s notoriously congested capital city, Cairo, which is estimated to cause economic losses of as much $8 billion annually, is set to benefit from a much needed upgrade on what of its oldest and most popular metro lines. Millions of commuters … Continue reading

Category: Business

Morocco gas industry supported by EBRD


The EBRD is supporting SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel … Continue reading

Category: Business

IRAN: Rouhani scapegoated for failing economy


  Iranian hard-liners are euphoric as President Hassan Rouhani (right), is under increasing pressure from public opinion and losing credibility among voters, given the dire condition of the economy. But this state did not emerge overnight; rather, it is the … Continue reading

Category: Business

Boost for Palestine business initiatives

The EBRD will help open up new opportunities within the illegally Occupied Territories of Palestine

The European Bank for Reconstruction and Development (EBRD) is launching its first technical cooperation project in the West Bank and Gaza  to support the resilience of the Palestinian financial system and reinforce its ability to finance the local economy. The … Continue reading

Category: Business

UAE: FNC demands more jobs for nationals

Dubai Metro transports thousands of the city's workforce to and from their jobs daily but how many Emiratis want to join their ranks?

Members of the UAE’s Federal National Council (FNC) will press the government to expand its Emiratisation drive, after the recent announcement of  a new 10-year visa policy for expatriates. According to reports in the local media, members sought reassurances there … Continue reading

Category: Business

EBRD: Helping Egypt Go Green


Egypt pollution Continue reading

Category: Business

Saudi slump threatens pace of reform


A slump in Saudi Arabia’s economy could cast a shadow over ambitious plans for reform top officials and businessmen were warned at a recent meeting to discuss freeing the kingdom from its dependence on oil exports. At a conference attended by … Continue reading

Category: Business

EBRD launches its’ promised Palestine initiative

EBRD's initiative is a step in the right direction

Delivering on its commitment to boost Palestinian businesses, the European Bank for Reconstruction and Development, EBRD, signed its inaugural project in the West Bank during the first visit by President Suma Chakrabarti to Ramallah. As one London based financier commented to The … Continue reading

Category: Business

Oman bans ex-pat workers from 10 economic sectors

The move is intended to encourage to seek out Omani workers rather than turning immediately to the expatriate workforce

In a bid to get more Omanis into the Labour Force Oman’s Ministry of Manpower has taken the unusual step of banning the recruitment of foreign workers in 10 sectors for six months. The drive is intended to encourage the … Continue reading

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