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Beach Looks at Selling Egyptian Assets on Australia
Egypt >> 11/25/2014 - Beach Energy Ltd. (BPT) is considering selling its holdings in Egypt as the company focuses on Australia, where it’s exploring with Chevron Corp.

The decision on what to do with the assets,...
Yemen, Somalia Discuss Mutual Cooperation
Yemen >> 11/25/2014 - Minister of Foreign Affairs Abdullah al-Saidi met on Monday with the Somali Foreign Minister Abdirahman D. Bayle.

During the meeting, they discussed the bilateral cooperation between the tw...
US Dollar Stable at KD 0.291 against Kuwaiti Dinar
Kuwait >> 11/26/2014 - The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Wednesday, while the euro was went up by KD 0.363 compared to yesterday's exchange rates.

The Central...
Yemen’s Problems are a Threat for the Region
United Arab Emirates >> 11/29/2014 - Yemen faces a multitude of problems that have the potential to become sources of extreme instability for its neighbours, a United Arab Emirates newspaper has said.

"The country faces an ins...
Egypt Pays Back $2.5b Deposit to Qatar
Egypt >> 11/29/2014 - Egypt has paid back $2.5 billion that Qatar deposited with it to help prop up the Egyptian central bank's hard currency reserves, a central bank official said on Friday night, as the Qatari foreign mi...
Ban Condemns Bombing of Mosque in Northern Nigeria
United Arab Emirates >> 11/30/2014 - Condemning the "horrific" attack on Kano Central Mosque, which killed dozens of people and injured hundreds of others, Secretary-General Ban Ki-moon has called on the authorities to bring the perpetra...
Guinness World Record Attempt by UAE Yafei Tribe
United Arab Emirates >> 12/1/2014 - As part of the celebrations of UAE National Day, an attempt to gain the Guinness World Record for the largest sheet of handmade paper utilising fibers of the date palm tree will take place at the Abu ...
KSE Benchmark Continues Falling
Kuwait >> 12/1/2014 - Benchmark of Kuwait Stock Exchange (KSE) maintained a downward trend for the second consecutive day on Monday and continued falling till middle of today's session. KSE benchmark, in trades around 11:...
Regulations of Amendments to Real Estate Tax Law
Egypt >> 12/1/2014 - Officials have concluded the executive regulations of amendments to the new real estate tax draft law, says Finance Minister Hany Qadry Dimian.

The draft law was referred to State Council ...
Morocco Removes Subsidies for Petroleum Derivatives
Morocco >> 12/2/2014 - The Moroccan government has decided to remove the subsidy of all petroleum products, which cost two billion euros in 2012, according to Mr. Mohammed Wafa, Minister of Public Affairs.

Mr.Waf...
Kuwait's Economic Diplomacy has Proven Helpful
Kuwait >> 12/2/2014 - Kuwaiti Ambassador to Albania Nejib Al-Bader has underlined significance of the economic diplomacy noting that it has helped Kuwait cope with major challenges at this level.

The economic di...
16 Million Meters The Seize of Suez Trade City
Egypt >> 12/3/2014 - Minister of Supply and Internal Trade Khalid Hanafi said the Egyptian government is currently working on a global trade and shopping area of the Gulf of Suez City, adding that the size of the city wil...
Yemen, GCC Discuss Situation Developments
Yemen >> 12/3/2014 - Prime Minister Khalid Bahah has discussed during his meeting with Special Envoy and Representative of GCC Secretary General in Yemen Saleh Bin Abdulaziz Al-Qunaieer development at the national arena i...
Growth in Egyptian Business Activity almost Stalls in Nov
Egypt >> 12/4/2014 - Business activity in Egypt expanded in November for a fourth month but growth slowed almost to a standstill, a survey showed on Thursday, suggesting the economy is more stable but still fragile.
RAK Ruler Attends Al Za'ab's National Day Celebrations
United Arab Emirates >> 12/4/2014 - H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, and Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development, attended last ni...
Suez Canal to Achieve Highest Revenues in its History
Egypt >> 12/6/2014 - Chairman of the Suez Canal Authority Mohab Mamish said that the newly-launched Suez Canal project stands as Egypt's national project for the 21st century.

"We should make use of Egypt's dis...
DEWA Completes Building AED 246 mn Al Lusaily Reservoir
United Arab Emirates >> 12/6/2014 - Dubai Electricity and Water Authority (DEWA) has completed building the water reservoir at Al Lusaily. At a cost of AED 246 million, the reservoir has a storage capacity of 120 million gallons of desa...
NCMS Warns of Low Visibility
United Arab Emirates >> 12/7/2014 - The National Centre for Meteorology and Seismology, NCMS, has issued a statement warning of low horizontal visibility in various parts of the country due to fog.

The NCMS has also advised ...
Egypt Tourism Revenues More than Double in Q3
Egypt >> 12/8/2014 - Egypt's tourism revenues jumped 112 percent to about $2 billion in the third quarter of 2014, a tourism ministry official said, suggesting the key industry was showing signs of recovery, albeit from a...
Egyptian State Banks Lose Talent to Private Sector
Egypt >> 12/10/2014 - Egypt's state-owned banks are losing senior specialist bankers to the private sector as a result of a cap on public sector pay designed to cut government spending.

The most high profile ba...

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