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Arab News: Economy

  • newMultibillion-dollar deals expected as investment forum looks east

    Multibillion-dollar deals expected as investment forum looks east

    Author: Tue, 2018-10-23 02:58RIYADH: A major investment show in Saudi Arabia is expected to attract thousands of delegates and see deals worth hundreds of billions of dollars — despite several largely “symbolic” last-minute cancelations by…
    - 3 hours ago, 22 Oct 18, 8:30pm -
  • new‘Saudi Inc’ author says no shows won’t dent KSA investment appeal

    ‘Saudi Inc’ author says no shows won’t dent KSA investment appeal

    Author: Frank KaneID: 1540239558257111800Mon, 2018-10-22 23:20RIYADH: An American expert on US-Saudi business affairs believes that the withdrawal of some senior business leaders from the investment conference that opens in Riyadh today does not…
    - 6 hours ago, 22 Oct 18, 4:44pm -
  • newRichard Branson steps down from role as chairman of Virgin Hyperloop

    Richard Branson steps down from role as chairman of Virgin Hyperloop

    Author: ReutersID: 1540238598707045000Mon, 2018-10-22 17:42DUBAI: Richard Branson is quitting as chairman of Virgin Hyperloop One after saying the company, that plans to build a supersonic transport system in the UAE and other countries, needs a…
    - 7 hours ago, 22 Oct 18, 4:11pm -
  • newUAE, Saudi Arabia optimistic world trading system can be restored, says survey

    UAE, Saudi Arabia optimistic world trading system can be restored, says survey

    Author: REBECCA SPONGID: 1540225921886166700Mon, 2018-10-22 13:22LONDON: More than three-quarters of respondents in the UAE and Saudi Arabia said that the troubled global trading system can be restored to “working order,” according to a surve…
    - 11 hours ago, 22 Oct 18, 12:32pm -
  • newSaudi Arabia’s pensions rank alongside US And Hong Kong

    Saudi Arabia’s pensions rank alongside US And Hong Kong

    Author: ARAB NEWSID: 1540225224976126300Mon, 2018-10-22 16:38LONDON: Saudi Arabia’s pension system has been given a similar rating to those granted to the US and Hong Kong, according to the results of a global pension index.It is the first ti…
    - 11 hours ago, 22 Oct 18, 12:20pm -
  • newVAT refunds for UAE tourists to start November 18

    VAT refunds for UAE tourists to start November 18

    Author: Mon, 2018-10-22 14:08DUBAI: UAE tourists could avail of Value Added Tax (VAT) refunds on their purchases in the country starting November 18, local daily Khaleej Times has reported.The UAE Federal Tax Authority is implementing the new t…
    - 16 hours ago, 22 Oct 18, 7:12am -
  • newNMC Health raises full-year core earnings forecast

    NMC Health raises full-year core earnings forecast

    Author: ReutersID: 1540205541564454300Mon, 2018-10-22 13:52DUBAI: UAE-based health care provider NMC Health on Monday raised its full-year core earnings and revenue forecasts, citing strong organic growth, and said it remained confident in achiev…
    - 16 hours ago, 22 Oct 18, 6:54am -
  • newUK households grow less confident about their finances in October — IHS Markit

    UK households grow less confident about their finances in October — IHS Markit

    Author: ReutersID: 1540198118014029400Mon, 2018-10-22 08:30LONDON: British households’ confidence in their finances worsened this month as their earnings from employment rose at the weakest rate since February, adding to growing signs of cautio…
    - 18 hours ago, 22 Oct 18, 4:53am -
  • newWorking with Trump ‘not always simple,’ says Trudeau

    Working with Trump ‘not always simple,’ says Trudeau

    Author: AFPID: 1540190505993789000Mon, 2018-10-22 06:34MONTREAL: Canadian Prime Minister Justin Trudeau said working with US President Donald Trump is “not always simple,” as he welcomed the successful renegotiation of the North American Free…
    - 20 hours ago, 22 Oct 18, 2:44am -
  • newSaudi Arabia has ‘no intention’ of 1973 oil embargo replay

    Saudi Arabia has ‘no intention’ of 1973 oil embargo replay

    Author: ReutersID: 1540188700773718200Mon, 2018-10-22 05:39LONDON: Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday amid a worse…
    - 21 hours ago, 22 Oct 18, 2:18am -

fDiIntelligence: Middle East & Africa

  • IMF spotlight on China-Africa debt
    African debt was a prime topic at the World Bank/IMF meeting – though research suggests China is not to blame.
    - 5 days ago, 18 Oct 18, 10:38am -
  • ECB report reveals investment trends
    FDI has secured its place as a more prominent source of economic activity, says the European Central Bank.
    - 5 days ago, 18 Oct 18, 7:04am -
  • Has blockade been a blessing in disguise for Qatar?
    Qatar is turning crisis into opportunity by focusing on new partnerships and FDI reforms, to mitigate damage from the blockade imposed by Saudi Arabia, the UAE and Bahrain. Sebastian Shehadi reports.
    - 12 days ago, 11 Oct 18, 7:25am -
  • Saudi Arabia hopes for Red Sea Project tourism boost
    Saudi Arabia is developing high-end tourism along its Red Sea coast, which it is hoped will capture both domestic and international visitors. Sebastian Shehadi reports.
    - 12 days ago, 11 Oct 18, 7:00am -
  • Is the era of the sweat shop coming to an end?
    Attitudes towards working practices within the textiles industry have been changing over the past few years, with links to exploitative labour conditions now hugely damaging to a fashion house's reputation. Yasmin Jones-Henry reports on how the indus…
    - 12 days ago, 11 Oct 18, 7:00am -
  • Tunisia back on the tourism trail
    Tunisia looks to be recovering the tourist numbers it lost following the 2015 terrorist attacks in Sousse, while jobs and FDI are also rebounding thanks to a batch of reforms. Sebastian Shehadi reports.
    - 12 days ago, 11 Oct 18, 7:00am -
  • View from Middle East & Africa: Start-ups show true value of technology
    While the international giants garner headlines for their dollar value, start-ups in Africa are solving everyday problems to improve the lot of citizens, writes Mazdak Rafaty.
    - 12 days ago, 11 Oct 18, 7:00am -
  • Mixed results for Bahrain FDI
    Foreign direct investment into Bahrain more than doubled in the first nine months of 2018 – but greenfield FDI projects hit a 14-year low this year. Sebastian Shehadi reports.
    - 18 days ago, 5 Oct 18, 9:49am -
  • Saudi becomes more investor friendly
    Saudi Arabia is boosting the number of FDI licences it grants and simplifying applications as part of Vision 2030. Sebastian Shehadi and Laetitia Kurban report.
    - 18 days ago, 5 Oct 18, 9:48am -
  • Foreign investment into Israel continues to soar
    Israel’s FDI total for the first half of 2018 is impressive, with most investment continuing to come from the US.
    - 62 days ago, 22 Aug 18, 10:19am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • Zimbabwe’s shops are empty and prices are soaring

    Zimbabwe’s shops are empty and prices are soaring

    AT A SUPERMARKET in Harare, Zimbabwe’s capital, the finance minister is staring aghast at a pack of nappies. “This is absolutely ridiculous!”, exclaims Mthuli Ncube. “$49!” A manager says it cost $23 two weeks ago, before pointing out ot…
    - 5 days ago, 18 Oct 18, 10:51am -
  • China is broadening its efforts to win over African audiences

    China is broadening its efforts to win over African audiences

    Installing a Jackie Chan canEVER SINCE the Kenyan government signed a deal in 2014 for a state-owned Chinese company to build a railway between Nairobi and Kenya’s main port in Mombasa, the project has attracted controversy. Its price per km wa…
    - 5 days ago, 18 Oct 18, 10:51am -
  • Airlines in the Middle East are forced to take the long way

    Airlines in the Middle East are forced to take the long way

    IN CALMER times the flight from Dubai to Beirut ends with stunning vistas of the hills of Damascus and the mountains of Lebanon. But for years the airspace over Syria has been crowded with warplanes. The Gulf airlines no longer use it. Instead Emi…
    - 5 days ago, 18 Oct 18, 10:51am -
  • Redemption city is the anti-Lagos

    Redemption city is the anti-Lagos

    Eat, pray, direct trafficTHE NEW church in Redemption City is only half-built. Already this great aeroplane hangar of a building measures 1.5km by 1km. Compared with it, Tesla’s “gigafactory” is a poky warehouse and St Peter’s Basilica is…
    - 5 days ago, 18 Oct 18, 5:18am -
  • Saudi Arabia’s alliances are being tested as never before

    Saudi Arabia’s alliances are being tested as never before

    WHEN AMERICA’S secretary of state, Mike Pompeo, met Saudi officials in Riyadh on October 16th, they smiled, posed for photographs and talked about jet lag. They did not dwell on the Saudi journalist, Jamal Khashoggi, allegedly carved up with a…
    - 5 days ago, 17 Oct 18, 3:48pm -
  • For the first time in years, Eritreans can leave their country freely

    For the first time in years, Eritreans can leave their country freely

    THE hotels of Adigrat, an entrepot near Ethiopia’s border with Eritrea, are always busy during Meskel, a feast celebrated annually by Orthodox Christians in both countries. But this time room prices have soared. Returning visitors reckon the num…
    - 12 days ago, 11 Oct 18, 10:49am -
  • Trying to sell beer in Muslim Niger

    Trying to sell beer in Muslim Niger

    IN AN industrial park in Niamey, the capital of Niger, unemployed men rest in the shade from thirst-inducing heat. Warehouses gather dust. But there is a buzz around the country’s only brewery. Steam billows from 50-year-old copper cauldrons, an…
    - 12 days ago, 11 Oct 18, 10:49am -
  • Nigeria’s presidential election pits a wheeler-dealer against a soldier

    Nigeria’s presidential election pits a wheeler-dealer against a soldier

    From imports to importanceAND then there were two. After a long night of intrigue and counting in primary elections in Port Harcourt, the People’s Democratic Party (PDP), Nigeria’s main opposition, chose Atiku Abubakar as its presidential can…
    - 12 days ago, 11 Oct 18, 10:49am -
  • Israel’s ties with China are raising security concerns

    Israel’s ties with China are raising security concerns

    Let’s make a dealTHE chief of one of Israel’s intelligence agencies was recently surprised to discover that Chinese construction workers on a major building project might be able to see into a sensitive installation. But it is in keeping with…
    - 12 days ago, 11 Oct 18, 10:49am -
  • Why dissidents are gathering in Istanbul

    Why dissidents are gathering in Istanbul

    REFUGEES, dissidents and émigrés from across the Arab world are flocking to the old imperial city which ruled their lands until 1918. In Mukhtar, a popular café in Istanbul’s “Little Syria”, outcasts from regimes that crushed the Arab spr…
    - 12 days ago, 11 Oct 18, 10:49am -

WSJ: Middle East

  • U.S. Tries to Uphold Saudi Alliance
    The Trump administration, under pressure to sanction Saudi Arabia over the killing of journalist Jamal Khashoggi, is seeking ways to maintain the two countries’ strategic alliance.
    - 1 day ago, 21 Oct 18, 11:03pm -
  • Saudis Reel From Latest Official Version of Journalist's Death
    The latest twist in an official narrative over how a government critic died inside Saudi Arabia’s Istanbul consulate has eroded the government’s credibility domestically and deepened concerns about expressing views in public.
    - 1 day ago, 21 Oct 18, 9:48pm -
  • Saudi 'Davos in the Desert' Lowers Its Profile
    Russian and Asian executives and midlevel Western bankers will attend a Saudi Arabian investment conference this week that will be less splashy and global than its inaugural last year dubbed “Davos in the Desert.”
    - 1 day ago, 21 Oct 18, 4:41pm -
  • Scandal Over Dead Journalist Jolts Heir to Saudi Throne
    Crown Prince Mohammed bin Salman, secure for now, is scrambling to contain global backlash over the killing of government critic Jamal Khashoggi in Saudi Arabia’s Istanbul consulate.
    - 1 day ago, 21 Oct 18, 4:24pm -
  • Jamal Khashoggi's Death Fuels a Middle East Information War
    Saudi Arabia and Qatar are waging a propaganda war over the death of a Saudi journalist, trading blows with misinformation, Twitter bots and trolling in a fight that highlights the divisions of a realigned Middle East.
    - 2 days ago, 20 Oct 18, 3:27pm -
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