Category Archives: Business

UAE’s 100% foreign ownership law goes ahead


A new law allowing 100 per cent foreign ownership of companies in the United Arab Emirates will only apply to some sectors of the economy, limiting the risk that it could disrupt existing business, Dubai investment officials told Reuters news … Continue reading

Category: Business

EBRD supports Lebanese trade drive

The Port of Beirut

The European Bank for Reconstruction and Development (EBRD) is supporting the Lebanese private sector by providing a financial package of US$ 100 million to Société Générale de Banque au Liban (SGBL), a leading bank in Lebanon, for on-lending to small … Continue reading

Category: Business

Abu Dhabi’s Ghadan 21 initiative receives Dh50bn boost

al Nayhan

Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan has announced more details of a Dhs50bn ($13.61bn) stimulus plan announced earlier this year.  The initiative, known as Tomorrow 21 (Ghadan 21), would see Dhs50bn spent over the next three … Continue reading

Category: Business, Uncategorized

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