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Egypt replaces central bank governor Hisham Ramez

Egypt's central bank governor Hisham Ramez will not renew his term when it expires in November and will be replaced by senior ba....


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Egypt’s central bank allows pound to weaken

Egypt’s central bank has allowed the Egyptian pound to weaken in its latest dollar auction to 7.83 per dollar from 7.73, tra....


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Egypt awards four offshore oil and gas exploration licenses

Egypt has awarded four new licenses to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr g....


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UAE petrol prices to hit new low in October

UAE authorities will lower domestic prices for gasoline in October, hitting near parity with prices during the now-scrapped subs....


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Eid Mubark عيد مبارك

  كل عام وأنتم بخير ... ‏عيد الأضحي‬   ....


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Insurers may have to pay $9m for Makkah crane crash

The insurance company of the Grand Mosque expansion project is required to pay Diya (blood money) to the heirs of the deceased a....


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Saudi Arabia's stock market pulls back as Egypt stalls

Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market st....


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Egypt lowers top tax rate and suspends capital gains tax

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a....


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Egypt begins first trial run of ‘new Suez Canal

  Egypt began on Saturday the first trial run of its "new Suez canal," officials and state media said, ahead of the formal....


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GCC’s Hospitality Industry Seeing Rise In Job Vacancies – Report

The number of job vacancies in the hospitality sector in the Gulf region has gone up from 18,000 in 2009 to 61,000 in 2013, acco....


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