Category Archives: Business

EBRD loan boosts Egypt-China cooperation

shanghai exchange 2

The European Bank for Reconstruction and Development (EBRD) has thrown its weight behind Egypt in its efforts to attract much-needed foreign direct investment (FDI) in the local agribusiness sector, with a $52 million loan to Angel Yeast Egypt, a global … 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

Category: Business Tagged

Apple & Amazon poised to enter Saudi market


Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, according to reports from Reuters quoted in the local media. The move is said to be part of Crown Prince Mohammed bin Salman’s push to give … Continue reading

Category: Business

Tunisia: €160 million cash boost for domestic rail network

Tunisia railways 2

Tunisian railways sees international investment Continue reading

Category: Business, Uncategorized

Egypt’s Zohr gas field comes onstream

east med Zohr ENI_TEKMOR

the start of pumping natural gas from the Zohr gas field in the Mediterranean Sea to the new land station in the al-Jameel area in Port Said. Continue reading

Category: Business

EGYPT: flaring reform moves forward


Egypt has announced  that it will be a signatory to the “Zero Routine Flaring by 2030” initiative, a global effort to reduce gas flaring at oil production sites.  The “Zero Routine Flaring by 2030” initiative, introduced by the World Bank … Continue reading

Category: Business

Saudi Arabia scores an own goal in Ritz Carlton hostage rip-off


Saudi investigators estimate they can recover up to $100bn from settlements linked to an anti-corruption crackdown that began two weeks ago, according to reports. Bloomberg cited a senior official as confirming the kingdom could recover between $50bn and $100bn amid wider … Continue reading

Category: Business

Emirates record a dramatic upswing in profits


Emirates profits up Continue reading

Category: Business

Is Qatar feeling the pinch?


The Middle East magazine looks at whether Qatar is feeling the pinch of sanctions Continue reading

Category: Business

New Turkish Canal would rival Suez and Panama


Turkey is moving forward with controversial plans to build a canal to rival Suez and Panama but, its opponents say, it threatens to wreak environmental havoc, destroy budgetary balances and drive sprawl in Europe’s biggest city. President Recep Tayyip Erdogan said … Continue reading

Category: Business