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Business

  • Turkish Lira
Erdogan says is imperative that they lower interest rates
Turkish lira sinks to record low
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  • UAE-Israel ties
Peretz: Opening the economic attaché office will give a significant boost to the various initiatives already underway
Israel to open economic attaché office in Abu Dhabi
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  • Lebanese crisis
Lebanon faces dangerous depletion of resources, including human capital
World Bank warns Lebanon's crisis among world's worst since 1850s
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  • Start-ups
“Buy now, pay later” new to region
BNPL start-ups tackle credit conundrum in Gulf countries
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  • Egyptian Economy
IMF called for additional efforts on Egypt's economic reforms
IMF expects to approve $1.6 billion in financing for Egypt
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  • UAE oil industry
Belbazem Offshore Block in Abu Dhabi
NPCC wins $744 million Abu Dhabi oilfield development contract
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Inflation in Sudan is one of the highest levels in the world
World Bank allocates $2 billion to fund projects in Sudan
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  • UAE business
UAE Commercial Companies Law allows 100% foreign ownership
UAE to allow full foreign ownership of firms
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  • Saudi investment in Africa
MbS said the impact of the pandemic on low-income African countries was severe
Saudi to invest $1 billion to support Africa's economic recovery
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  • Paris summit
Africa needs a breath of fresh air
New deal hopes for COVID-battered Africa as Paris summit tackles finance gap
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  • Sudan Transition
Macron hosts summit to bolster Sudan's post-Bashir recovery
Sudan seeks debt relief pledges, investment at Paris conference
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  • Tunisia's economic crisis
Rural women at the forefront of benefitting from the US aid
US will grant Tunisia $500 million in aid
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  • Tourism in Egypt
Monthly tourism revenues stood at about $500 million in April, half of what they were before COVID-19 pandemic
Egypt optimistic about welcoming more tourists this year
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  • Dubai's luxury homes
The world's high flyers thrive in the pandemic
Demand for Dubai luxury homes soars in pandemic
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  • Tourism
Turkey hopes lockdown rescues tourism season
Turkey's tourism faces another lost season
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  • Saudi Aramco
Aramco confirmed it would deliver on a promised dividend payout of $18.75 billion for its shareholders
Aramco's first-quarter profits soar by 30%
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