Category Archives: Business

Gulf interest rates rise


Four Gulf States have raised their interest rates following a historic decision by the United States Federal Reserve. The organisation increased interest rates for the first time in nine years on Wednesday in the belief that the US economy had … Continue reading

Category: Business

EBRD launches refugee crisis response


To ease the pressure caused by the refugee crisis in the Middle East, the European Bank for Reconstruction and Development (EBRD) is providing a loan of up to $14 million to the Water Authority of Jordan (WAJ) to carry out … Continue reading

Category: Business

Dubai: new legislation causes consternation


A new law that demands companies seek government approval before carrying out surveys in Dubai could hurt the property sector and discourage research in the emirate, experts have warned. The Dubai government announced a law late last month intended to … Continue reading

Category: Business

Business Report Tunisia: Towards sustainable growth


Researched and written by economist and international analyst, Moin Siddiqi Into the fifth year of The Arab Spring, Tunisia, despite stiff challenges, offers a genuine success story among the Arab countries in transition, including Egypt, Jordan, Libya, Morocco, Tunisia and … Continue reading

Category: Business

EBRD helps Egypt overcome energy shortfall


The European Bank for Reconstruction and Development (EBRD) is joining forces with a group of multilateral and regional lenders in Egypt to combat the country’s energy shortfall. The Bank is providing a $200 million loan to the Egyptian Electricity Holding … Continue reading

Category: Business

$60 million regional transport investment


Careem, the MENA region’s locally founded app-based car service, today announced a Series C investment of $60 million with The Abraaj Group (Abraaj) as lead investor. This funding represents one of the largest investments in the region’s emerging technology sector … Continue reading

Category: Business

Oil prices forecast to “stay lower longer”


Moody’s futures agency has downgraded its oil price forecast indicating more pressure will be put on the economies of the oil producing nations of the Gulf With oil prices expected to stay lower for longer, Gulf Cooperation Council (GCC) governments’ … Continue reading

Category: Business

TAXATION – a unified GCC system not the best choice


Much discussion has centred on the UAE’s decision to introduce value added tax (VAT). I am not  sure when this will take place, but a lot of speculation is going on about how this could be agreed upon and then … Continue reading

Category: Business

EBRD launches Women in Business programme in Egypt


The European Bank for Reconstruction and Development (EBRD) has teamed up with Egypt’s largest commercial bank to launch the Women in Business (WIB) programme aimed at strengthening the role of women entrepreneurs in the Egyptian economy. This programme is being … Continue reading

Category: Business

IRAN: Consumers anticipate a rush to shopper paradise

844_Every_Days_a_Gift (2)

By Sam Wilkin and Bozorgmehr Sharafedin. Two months after Iran reached a nuclear deal that will open its markets to the world, officials are warning of economic stagnation as consumers hold off on purchases of domestic goods while they wait … Continue reading

Category: Business