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Arab News: Economy

  • newBitcoin craze hits Iran as US sanctions squeeze weak economy

    Bitcoin craze hits Iran as US sanctions squeeze weak economy

    Author: APID: 1563430508373819200Thu, 2019-07-18 06:05TEHRAN: Iranians feeling the squeeze from US sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting…
    - 12 hours ago, 18 Jul 19, 3:38am -
  • newGhosn sues Nissan and Mitsubishi for breach of contract: report

    Ghosn sues Nissan and Mitsubishi for breach of contract: report

    Author: AFPID: 1563430554113822000Thu, 2019-07-18 05:28PARIS: Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for “improper termination” of his contract, French newspaper Le…
    - 13 hours ago, 18 Jul 19, 2:34am -
  • newCrude futures steady after fall on US oil products stocks gain

    Crude futures steady after fall on US oil products stocks gain

    Author: ReutersID: 1563419261093457100Thu, 2019-07-18 03:04TOKYO: Oil prices steadied on Thursday after falling in the previous session when official data showed US stockpiles of products like gasoline rose sharply last week, suggesting weak dema…
    - 16 hours ago, 17 Jul 19, 11:14pm -
  • newEmirates NBD profit surges on asset sale and forex gains

    Emirates NBD profit surges on asset sale and forex gains

    Author: Wed, 2019-07-17 23:50DUBAI: Emirates NBD, Dubai’s largest bank, reported an 80 percent rise in second-quarter net profit helped by the sale of a stake in Network International and strong non-interest income on foreign exchange gains.…
    - 23 hours ago, 17 Jul 19, 4:55pm -
  • newMaking sense of chaos? ‘Algos’ scour social media for clues to crypto moves

    Making sense of chaos? ‘Algos’ scour social media for clues to crypto moves

    Author: Wed, 2019-07-17 23:01LONDON: After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year — but few people could convincingly explain why.The 20 percent…
    - 23 hours ago, 17 Jul 19, 4:10pm -
  • Madrid emerges as TV series production hub

    Madrid emerges as TV series production hub

    Author: Wed, 2019-07-17 21:29MADRID: Media firms are racing to set up television production centres in Madrid following the runaway global success of Spanish series such as Netflix's crime caper "Money Heist".Spanish multimedia group Mediapro a…
    - 1 day ago, 17 Jul 19, 2:49pm -
  • Egyptian economy on right track after 5.6% growth in 2018-2019: prime minister

    Egyptian economy on right track after 5.6% growth in 2018-2019: prime minister

    Author: ReutersID: 1563361857506898700Wed, 2019-07-17 11:02CAIRO: Egypt’s economy grew 5.6 percent in the 2018/19 fiscal year and is “on the right track” as it completes IMF-backed reforms, Prime Minister Mustafa Madbouli said on Wednesday.…
    - 1 day ago, 17 Jul 19, 7:18am -
  • EU launches in-depth probe on Amazon over data use

    EU launches in-depth probe on Amazon over data use

    Author: AFPID: 1563360560346813900Wed, 2019-07-17 10:48BRUSSELS: The EU’s powerful antitrust authority launched an in-depth investigation into Amazon on Wednesday, amid suspicions the US-based online behemoth misuses merchant data hosted on its…
    - 1 day ago, 17 Jul 19, 7:04am -
  • Dubai property developer reportedly buys Italian fashion house Roberto Cavalli

    Dubai property developer reportedly buys Italian fashion house Roberto Cavalli

    Wed, 2019-07-17 13:49DUBAI: International media outlets have reported that Dubai-based property developer Damac Properties has bought Italian fashion brand Roberto Cavalli.The investment company Vision Investment Co.LCC that is controlled by the…
    - 1 day ago, 17 Jul 19, 6:54am -
  • South Korea: Japan dispute to hit global technology companies

    South Korea: Japan dispute to hit global technology companies

    Author: ReutersID: 1563344963876035500Wed, 2019-07-17 06:18SEOUL: Export curbs Japan imposed in its dispute with South Korea will adversely affect global technology companies and hurt the operations of tech giant Samsung in the Texas state capita…
    - 2 days ago, 17 Jul 19, 2:40am -

fDiIntelligence: Middle East & Africa

  • UAE opens to unrestricted foreign investment
    The decision in July by the Federal UAE Cabinet to permit foreign ownership in 122 economic activities across 13 industry sectors is a potential game-changer. Douglas G. Smith reports.
    - 1 day ago, 17 Jul 19, 8:13am -
  • UAE relaxes foreign ownership rules
    The UAE is to allow 100% foreign ownership of companies in sectors, including manufacturing, agriculture, and renewable energy. Taha Ahmed reports.
    - 10 days ago, 8 Jul 19, 7:02am -
  • Will sport become the new hot tech topic?
    A constant need for innovative approaches to audience engagement is transforming sport into global industry’s technology sandbox, as Courtney Fingar discovers.
    - 35 days ago, 13 Jun 19, 7:00am -
  • Zimbabwe's privatisation push stutters along
    After several failed or lacklustre attempts, Zimbabwe is again intent on privatising state enterprises and reducing public debt. But as time goes on, confidence is waning, as Tonderayi Mukeredzi discovers.
    - 35 days ago, 13 Jun 19, 7:00am -
  • Zambia looks to 'land farm' model to realise agricultural potential
    Zambia has plenty of land to use for agriculture but as yet most has not been exploited fully. Now the country is seeking investors to develop the sector on a major scale, as Jason Mitchell reports.
    - 35 days ago, 13 Jun 19, 7:00am -
  • View from Middle East and Africa: AfCFTA can deliver on economic diversity
    The Middle East and Africa region is focusing on economic diversification to ensure resilience against future economic crises, writes Mazdak Rafaty.
    - 35 days ago, 13 Jun 19, 7:00am -
  • Sri Lanka retains crown as fDi’s most diversified island economy
    Sri Lanka and New Zealand hang on to their first and second place positions in fDi’s annual Diversification Index for island economies, while Mauritius soars up the table to third. Cathy Mullan reports.
    - 39 days ago, 10 Jun 19, 3:26am -
  • China makes tracks to invest in Lebanese railway
    A rail network connecting Beirut in Lebanon and Damascus in Syria is attracting Chinese attention. Olivia Azadegan and Sebastian Shehadi report.
    - 43 days ago, 5 Jun 19, 1:50pm -
  • Namibian mining industry opposes tax reforms
    Namibia's mining industry is responsible for 14% of GDP and expanded 28% in 2018, but now it fears that government proposals to change taxes will hit exploration and deter investment. Jason Mitchell reports.
    - 43 days ago, 5 Jun 19, 1:41pm -
  • A mixed bag for Middle Eastern and African FDI in 2018
    FDI project numbers and capital investment both saw increases in the Middle East and Africa as a region in 2018, although results were uneven on an individual basis, finds fDi Intelligence.
    - 57 days ago, 22 May 19, 4:48am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • newEbola has been declared an international public health emergency
    EBOLA SHOULD never have made it to Goma, the second biggest city in the east of the Democratic Republic of Congo. It did because a pastor, who had been in Butembo apparently trying to cure patients by laying hands on them, then travelled back. At eac…
    - 5 hours ago, 18 Jul 19, 10:52am -
  • newArab governments want to control where their citizens go on holiday
    A COUNTRY THAT draws 39m foreign tourists each year is on the brink of anarchy, if you believe the Saudi media. “Turkey is not safe for travel,” blared a recent headline in a Saudi newspaper. The kingdom’s embassy in Ankara has warned of rising…
    - 5 hours ago, 18 Jul 19, 10:52am -
  • newHow WhatsApp is used and misused in Africa
    “WHEN I OPEN my phone, I am swamped by news,” says Matthew Stanley, a driver in Abuja, Nigeria’s capital. He scrolls through WhatsApp, a messaging service, bringing up a slick video forwarded into his church group. In a tone befitting a trailer…
    - 5 hours ago, 18 Jul 19, 10:52am -
  • newIdriss Déby, Chad’s despot, is struggling to stay in power
    YUSUF NUHAN, a 65-year-old Chadian villager, remembers when he could sail across Lake Chad to visit markets and relatives. His village used to be rich with thousands of cattle, he says. But three years ago, jihadists from Boko Haram attacked and took…
    - 5 hours ago, 18 Jul 19, 10:52am -
  • newSaudi Arabia weighs loosening more controls on women
    NICKI MINAJ spoke, and Saudi Arabia listened. That is not quite what happened with the scantily clad feminist rapper from New York—though recent events make it a tempting theory. This month Saudi officials disclosed that they want to loosen “guar…
    - 5 hours ago, 18 Jul 19, 10:52am -
  • Killings in Congo’s north-east spark fears of a return to war
    AS HE SLIPPED out of consciousness, Batsi Lokana watched the militiamen who had attacked him slice off his mother’s head. When he came to, her body was gone. “Either they ate her, or they threw her into the river,” he surmises from his hospital…
    - 7 days ago, 11 Jul 19, 10:51am -
  • The killing of a black Jew sparks protests in Israel
    THE VIOLENT protests that shook Israel on July 2nd had all the hallmarks of race riots. A young black man had been shot dead by an off-duty policeman in unclear circumstances. Thousands of Ethiopian Jews took to the streets, throwing stones at police…
    - 7 days ago, 11 Jul 19, 10:51am -
  • Beirut is still arguing over its post-war reconstruction
    ASIDE FROM its name, Beirut Souks could be anywhere. Gone is the labyrinth of alleys that rambled down to the port. Instead, soulless walkways lined with shops sporting global brands have buried the maze of spice and gold markets that once were fille…
    - 7 days ago, 11 Jul 19, 10:51am -
  • Eritrea’s gulag state is crumbling
    ABIY AHMED’S arrival in Asmara on July 8th last year was as colourful as it was historic. Thousands thronged the streets of the Eritrean capital to witness the first visit by an Ethiopian leader since the two countries fought a bloody war from 1998…
    - 7 days ago, 11 Jul 19, 10:51am -
  • Oil shortages in Syria are starting to hurt
    THERE WAS little grace to the Grace 1’s journey, a 12,000-mile (19,000km) slog around the Cape of Good Hope that came to an inelegant end off the coast of Gibraltar. In the early hours of July 4th British marines roped down from a helicopter to sei…
    - 7 days ago, 11 Jul 19, 10:51am -

WSJ: Middle East

  • Pompeo's Visit to Israel Seen as Election Boost to Netanyahu
    U.S. Secretary of State Mike Pompeo arrived in Israel to discuss threats the country faces from Iran and its allies, a visit that buttresses Prime Minister Benjamin Netanyahu’s campaign message as he seeks to win a fifth term in April 9 elections.
    - 20 Mar 19, 8:39pm -
  • Trump Says Islamic State About to Lose Its Last Hold on Syrian Land
    President Trump said the Islamic State extremist group would suffer its final territorial defeat by the evening, a prediction that came as U.S.-backed local fighters in Syria said the battle had entered its final stages.
    - 20 Mar 19, 7:05pm -
  • Hard-Core ISIS Members Carry Ideology From Crushed Caliphate
    A hardened core committed to Islamic State’s mission raises questions about the totality of the group’s defeat even as it loses almost all its territory and its less committed members fall away.
    - 19 Mar 19, 4:10am -
  • Iraq to Open Vital Border Crossing With Syria
    Iraq plans to open a vital border crossing with Syria in the coming days, allowing for the increased flow of goods to Syria from Iran along a route the U.S. worries would ease Tehran’s transport of weapons to its allies.
    - 18 Mar 19, 6:03pm -
  • Netanyahu's Top Challenger Is Struggling After Early Surge in Polls
    Benny Gantz, a first-time politician who has emerged as the biggest threat to Israeli Prime Minister Benjamin Netanyahu’s re-election, has begun to stumble under the glare of national attention and is struggling to maintain his campaign’s momentu…
    - 18 Mar 19, 4:31pm -
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