Business

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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A rapid and uncontrolled decline in the Yemeni currency
Yemen's riyal sinks to record low, worsening famine risk
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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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Bitcoin is the world's most popular virtual unit
UAE to launch digital currency within five years
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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 sector is bouncing back
Egypt eases guest limits in tourism sector as infections fall
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Most hotel reservations are currently from Lebanese expats
Lebanon pins hope on summer arrivals to save hospitality sector
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Saudia has been hit hard by the coronavirus pandemic
Saudi Arabia plans to launch new national airline
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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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IMF says Sudan needs $7 billion external financing in next two years
Sudan crosses last hurdle towards debt relief
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Those from countries impacted by coronavirus variants will be subject to a rapid test upon arrival
Vaccinated travellers to enter Egypt without PCR test
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Antalya beach
Turkey welcomes back tourists
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Oman is among the weakest countries financially in the GCC region
Oman starts granting long-term residencies for foreign investors
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An 18% hike from the last raise in February
Lebanon raises price of bread for fifth time in one year
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Pepsi's bottling company in Gaza
Israeli restrictions force Gaza Pepsi factory to shut down
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Emirates was thrown a $2 billion lifeline from the government to stave off a liquidity crunch in 2020
Emirates posts $5.5 billion loss due to COVID-19 pandemic
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