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Egypt is to have its first smart educational city in the Governorate of Giza. (Shutterstock)
September 19, 2018 - 11:13 GMT
Egypt is to have its first smart educational city in the Governorate of Giza, according to the announcement made by iSharp’s Managing Director for the Middle East, Ashraf Hazin, on Tuesday.
Iran is a very important member of OPEC. (Shutterstock)
September 19, 2018 - 10:37 GMT
The head of the Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that Iran remains "a very important member" of the oil cartel, AFP reported.
The country has the third-highest debt rate in the world compared with gross domestic product, currently standing at about $81 billion, or 152 percent of the country’s GDP. (Shutterstock)
September 19, 2018 - 10:26 GMT
Caretaker Finance Minister Ali Hasan Khalil said Monday that no new taxes would be enacted in next year’s state budget, as parliamentarians grappled with fixing Lebanon’s finances amid looming deadlines and the country still without a fully empowered government.
Kuwait and Tunisia signed an investment protocol in 2010. (Shutterstock)
September 19, 2018 - 10:11 GMT
Kuwaiti and Tunisian officials discussed in Tunis Tuesday means of developing trade exchanges and economic relations, in addition to facilitating movement of goods between the two countries.
Lucid Motors received a $1 billion investment from Saudi Arabia Monday that will get the Lucid Air electric vehicle through to commercialization by 2020. (Lucid Motors)
September 19, 2018 - 10:01 GMT
Saudi Arabia put a $1 billion charge into Lucid Motors Monday by investing in the electric car maker.
Qatari businessmen are keen to explore investment opportunities available in Ivory Coast in the fields of agriculture, mining, tourism and real estate. (Shutterstock)
September 19, 2018 - 09:34 GMT
Qatari businessmen are keen to explore investment opportunities available in Ivory Coast in the fields of agriculture, mining, tourism and real estate, Qatar Chamber (QC) first Vice-Chairman Mohammed bin Ahmed bin Tawar al Kuwari has said.
The three countries could set up a
September 19, 2018 - 09:24 GMT
The news that Germany, France & UK are actively considering a “Clearing House” to facilitate Iran's global commerce is probably the most important development in financial & energy markets for many years.
Egypt is Africa's strongest and most investible economy. (Shutterstock)
September 19, 2018 - 08:32 GMT
According to a recent report by Biznews, Egypt is Africa's strongest and most investible economy.
The Kingdom’s tourism sector needs 5,896 jobs by the end of 2019. (Shuttertstock)
September 19, 2018 - 08:27 GMT
The Kingdom’s tourism sector needs 5,896 jobs by the end of 2019, 2,369 for females and 659 for people with disabilities, a study revealed on Tuesday.
Cash withdrawals are now possible using simply a PIN and your fingerprint. (Shutterstock)
September 19, 2018 - 08:21 GMT
Customers at Bahrain-headquartered Ithmaar Bank will soon be able to use just their fingerprint and pin number to take money out of cash points, dispensing with the need to carry their bank cards with them.
The initiative may encourage investment in purpose-built accommodation for older generations. (Shutterstock)
September 19, 2018 - 07:57 GMT
The UAE government's announcement for a five-year residency visa for retired expatriates aged 55 and over is expected to result in increased investment in the property sector.
Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19, 2018 - 07:53 GMT
Oil producers aim to agree a framework for long-term cooperation to ensure oil market balancing when Opec and non-Opec members meet in Vienna in December.
The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18, 2018 - 10:59 GMT
The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year (March 21- August 22, 2018), director of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq told Mehr news agency in an interview published on Monday.
The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18, 2018 - 10:54 GMT
Turkey's central government budget balance posted a deficit of 50.8 billion Turkish liras ($11.4 billion) from January to August, the Treasury and Finance Ministry announced on Monday.
Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings. (Shutterstock)
September 18, 2018 - 10:47 GMT
Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings, thanks to new government laws affecting expatriates.
Duqm airport connects to the port through a double three-lane road in each direction, providing a smooth and easy link between them. (Times of Oman)
September 18, 2018 - 10:36 GMT
With Duqm’s new airport now open, projects at the heart of Oman’s future economic powerhouse are all set to speed up, further driving the Sultanate’s economic expansion.