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Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more
The British bank’s global Islamic banking brand, Standard Chartered Saadiq, has launched an Islamic financial programme to fund Halal businesses of small and medium-sized enterprises (SMEs) across Asia, the Middle East and Africa, Zawya reports. The fund, $100 million in Read more
Khalil Al-Mohannadi, President of the Qatar Table Tennis Association, will head the Asian Table Tennis Union (following his unopposed election Sunday in Doha). Al-Mohannadi becomes the sixth President of the Asian Table Tennis Union (ATTU). He follows Japan’s Rizo Kawakami Read more
Saudi-based Islamic Development Bank (IsDB) has announced plans to establish next year two funds for a combined value of $1 billion to help upgrade infrastructure in Africa and Asia; two regions where most of the bank’s members are located. The Read more
Non-oil trade figures between the United Arab Emirates (UAE) and Hong Kong have increased by 5.1 per cent reaching $8.9bn last year compared with 2016, making the Gulf country the leading Middle East partner of the Chinese autonomous territory. Juma Read more
Egypt’s Suez Canal revenues recorded $389.2 million in November dropping by 4.7 percent year on year since November 2015 when they were at $408.4 million, according to official figures published by the Suez Canal Authority. The international waterway is a Read more
Visiting King Salman announced Friday, on second day of his visit, the construction of a bridge to connect Egypt and Saudi Arabia, a project deemed historic by analysts. The Saudi monarch who arrived in Cairo on Thursday made the televised Read more
Saudi oil Minister Ali al-Naimi said that the current low oil and gas prices will be settled through increased demand in Asia. He said urbanization, population expansion, increasing prosperity and social mobility will lead to oil demand growth which will Read more
The United Arab Emirates (UAE) approved a zero deficit federal government budget on Sunday as oil prices continue to be low. The estimated dh48.557 billion budget for 2016 allocated almost 56% to education, social development, public services and health. Vice Read more
The Houthi Movement and their allies clashed with pro-Hadi forces backed by the Saudi coalition over the control of the strategic Bab Al Mandab Strait with the rebel group considering the attack as a “blatant escalation” of the war. The Read more