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Business

  • Egypt's mining
Egypt is banking on high gold prices and amended mining laws that scrap red tape and a profit-sharing rule to lure interest
Miners seek gold under Egypt’s desert sands
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  • Coronavirus pandemic
All incoming flights from India to UAE suspended
UAE suspends all flights from COVID-hit India
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  • Presight.AI
The joint venture is called Presight.AI
Abu Dhabi's G42 forms joint venture with Israel’s Rafael
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  • Cryptocurrencies
The restriction would come into effect on April 30
Turkey to ban cryptocurrencies for buying goods, services
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  • Beirut port blast
Everyone has their eyes on the port
Foreign firms vie for Beirut port reconstruction
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  • Turkey's tourism
Coronavirus outbreak slashed Turkey's tourism revenues by two thirds in 2020
Turkey to feel the brunt of Russia flight restrictions
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  • Travel industry
The limited number of tourist groups groups will start to arrive on May 23
Israel to start allowing limited entry of vaccinated tourist groups in May
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  • Saudi Economy
A wider governmental push to replace expatriate workers with Saudi citizens.
Saudization of jobs is strengthening in malls, supermarkets and restaurants
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  • Consumerism
Fruitful workshop on mock legal cases related to consumers' rights
Ten years after law went into effect, consumers still don’t know their rights
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  • Emirates Development Bank
The target is to fund 13,500 new companies
Emirates Development Bank to support vital companies
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  • OPEC+
Saudi Arabia is phasing out its extra voluntary cuts by July
OPEC+ to gradually ease oil output cuts from May
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  • Oil Market
Saudi Arabia has been keeping 1 million barrels a day off the oil market
Saudi Arabia urges caution on oil production levels
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  • Saudi-Turkish trade
Turkish exporters act to ditch 'Made in Turkey' tags
Turkey’s exporters dodging unofficial Saudi trade blockade
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  • Oil Market
Kuwait's Oil Minister called on OPEC+ to the fully comply with oil output cuts
Kuwait cautiously optimistic global oil demand will improve
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  • Suez Canal
Eight tugs are working to move the giant vessel
Blocked ship forces Suez Canal to suspend traffic
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  • Morocco's economy
Bank Al-Maghrib
Morocco's central bank expects economic growth to 5.3% in 2021
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