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Business

  • Iraq's oil industry
The Total deal also comes as other oil companies plan their exit from Iraq
Total signs $27 billion deals with Iraq for oil, gas, water
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  • Lebanon's fuel crisis
Fuel oil supply for all the mills has run out
Fuel shortages threatening Lebanon’s bread production
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  • Morocco-Algeria tension
Algeria has a second pipeline, Medgaz, that does not cross Morocco
Algeria mulls ending gas supplies to Morocco
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  • Sukuk
Returns on sukuk could be offered in local or foreign currency
Egypt to begin issuing sukuk in first half of 2022
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  • Dubai Airport
10.6 million passengers passed through the airport over the past six months
Passenger traffic at Dubai airport drops 40% in 2021
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  • Etihad
Etihad says it's ready to reap the benefits of a rebound after slashing year-on-year operational costs by 27%
Etihad posts $400 million in half-year losses
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  • Morocco-Israel ties
Many Israeli Jews have lineage that traces back to Morocco
Israeli airlines launch first direct flights to Morocco
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  • McLaren
Bahrain's Mumtalakat sovereign investment fund is McLaren's majority shareholder with a 62.55% stake
Saudi's PIF in talks to buy stake in McLaren Group
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  • Yemen Crisis
A rapid and uncontrolled decline in the Yemeni currency
Yemen's riyal sinks to record low, worsening famine risk
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  • Tunisian crisis
The law will reduce taxes for real estate investors and allow companies to settle foreign exchange violations by paying the fees due plus interest of 10%
Tunisia approves economic recovery law
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  • Digital Currency
Bitcoin is the world's most popular virtual unit
UAE to launch digital currency within five years
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  • Egypt's tourism
The government will raise the 50% occupancy limit on hotels, restaurants and cultural values to 70%
Hotel occupancy in Egypt's Red Sea resorts rises to 35-40% in H1
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  • Egypt's tourism
Egypt's tourism sector is bouncing back
Egypt eases guest limits in tourism sector as infections fall
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  • Lebanese crisis
Most hotel reservations are currently from Lebanese expats
Lebanon pins hope on summer arrivals to save hospitality sector
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  • Saudi airline industry
Saudia has been hit hard by the coronavirus pandemic
Saudi Arabia plans to launch new national airline
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  • Egypt's IPO programme
Banque du Caire is one of four listed companies that has been instructed to sell shares by the end of the year
Egypt set to launch IPO programme in September
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