Category Archives: Business

EGYPT: goes greener with European help

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Three international development banks have teamed up with the European Union (EU) to promote green investments in Egypt, supporting projects to boost energy efficiency and the development of renewable energy sources in the country at a time of rising energy … Continue reading

Category: Business

Huge new gas discovery in Egyptian waters

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The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the Eastern Mediterranean that could help meet Europe’s energy needs, a senior official with the Italian oil and gas company ENI … Continue reading

Category: Business, Uncategorized

Is a merger between Etihad & Emirates on the cards?

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UAE: airline merger? Etihad & Emirates to join forces? Continue reading

Category: Business

OMAN: New income tax laws recognise few exceptions

From now on companies in Oman's mining and hotel sectors, as well as private schools, universities and nurseries will also no longer be exempt f tax.

OMAN: New income tax laws recognise few exceptions Continue reading

Category: Business

EGYPT ENERGY: In need of reform and foreign investment

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In this special report, Nehad Ismail, Senior Analyst at Wikistrat, examines the future of Egypt’s energy sector and finds much cause for optimism in recent legislation alongside opportunities for new international investment While Egypt is a producer and exporter of … Continue reading

Category: Business

UAE: banks warn of new tax law implications

The UAE's tax free status has made it a popular destination with professionals from around the world but could things be on the cusp of change?

UAE  banks are starting to warn their customers about new international tax compliance measures that will take effect in January as governments ramp up efforts to catch tax evaders. HSBC sent a circular to clients on Thursday alerting them to … Continue reading

Category: Business

MOROCCO: MULTI BILLION EURO BOOST TO ENERGY SUSTAINABILITY

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The European Bank for Reconstruction and Development (EBRD), the Agence Francaise de Dèveloppement (AFD) and the European Investment Bank (EIB) are teaming up to further  strengthen sustainable energy measures in Morocco, with the support of the European Union Neighbourhood Investment Facility (EU … Continue reading

Category: Business

TRUMP WIN THROWS A SPANNER IN THE WORKS OF OPEC

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With Donald Trump winning the US presidential election, the 14-country oil-producing cartel OPEC may have to battle a sourer outlook for the global economy and weaker demand for crude. It also faces the prospect of increased US oil output – a … Continue reading

Category: Business

EGYPT, JORDAN, MOROCCO & TUNISIA go greener

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Egypt, Jordan, Morocco and Tunisia will be among a group of countries to benefit from a  Green Climate Fund allocation of  $378 million to support green investments by the European Bank for Reconstruction and Development (EBRD) under the Bank’s Green … Continue reading

Category: Business

OMAN: tackling the economic downturn

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By Pat Lancaster Oman is not blessed with the same vast oil and gas resources of some of its neighbours but through a long term policy of “good housekeeping” and wise leadership the sultanate enjoys an enviable position among its … Continue reading

Category: Business