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Business

  • 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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  • Emirates
Most of Emirates' 118 Airbus A380 superjumbos remain grounded
Emirates plans to restore almost 70% of capacity by winter
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  • Climate Change
Fish farm production is supposed to prevent the depletion of fish stocks in offshore waters
Qatar expands fish farming to meet growing demand
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  • Vision 2030
The hotels are due to be ready by the end of 2023
Saudi Red Sea project secures ‘green’ loan for new hotels
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  • Drug smuggling
The fruit and vegetables trade is worth $24 million annually
Lebanon asks Saudi Arabia to reconsider ban on its produce
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  • UAE-Israel ties
Delek Drilling is required to sell its 22% share of the offshore Tamar gas field by the end of this year
Israel’s Delek Drilling plans gas deal with UAE’s Mubadala Petroleum
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  • Egypt's tourism
Tourism revenue plunged by 70% in 2020 due to the coronavirus pandemic
Egypt aiming for tourism revenues of $6-$7 billion in 2021
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  • Cryptocurrencies
Thodex founder Faruk Fatih Ozer
Dozens arrested for alleged cryptocurrency fraud in Turkey
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