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business
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Morocco, Gulf to provide 40 pct of $2.8 bln tourism projects
Morocco and four Gulf states will provide 40 percent of the financing for tourism projects in the country Economy -
Iraq authorizes 3G for mobile firms
It is not clear when the decision would be fully implemented Telecoms -
Gold industry shifts east as Dubai plans huge refinery
Key industry activities such as refining and clearing remain dominated by Europe and the United States Financial Markets -
GCC women take charge as economies shift
Female company directors in the Gulf are still few but the their number is rising due to economic growth and govt policy Features -
Rich Arabs, poor Arabs and the ever-widening gap
There’s money and opportunity even in poor Arab countries, but corruption has led to an uneven economic reality Middle East -
Turkish president urges more Gulf investments
Kuwait and Turkey signed cooperation agreements in defence, trade and the media Economy -
Kuwaiti telecom operator Zain signs $250m Islamic loan
Zain will use the money to meet its “operational and expansion financing needs” Telecoms -
BP shelves onshore exploration in Libya as instability grows
The British company took the decision for security reasons Energy -
Qatar Airways to launch third daily Japan service
The non-stop flights, which will be operated by the Boeing 787 Dreamliner, will start on June 18 Aviation & Transport -
In struts Chanel: King Karl eyes Dubai as next fashion capital
On May 13, the luxury brand juggernaut that is Planet Chanel lands in Dubai to present its SS14 Cruise Collection World -
Saudi telco Mobily in $560mln deal to buy gear from Ericsson, NSN
The agreements have a tenor of 10 years and will be used over an 18-month period Telecoms -
Saudi jewelry shops not ready for women employees yet
Most women who own such shops have employed their relatives to run their businesses Economy -
Survey: Bullish funds shift money among Gulf equity markets
The survey of 15 leading investment managers found 53 percent expected to raise their equity allocations to the Middle East over the next three months Financial Markets -
Mesaieed Petrochemical shares soar 400% in Qatar debut
The shares opened at 50.0 riyals, up from their initial public offer price of 10.0 riyals Financial Markets -
Dubai’s Arabtec shares suspended on regulator request
No reason was provided for the suspension of trading Banking & Finance -
Yemen LNG to temporarily shut one production line
Yemen LNG’s two trains have a combined capacity to produce 6.7 million tons a year of liquefied natural gas Energy -
Gaza's economic woes pile up, unemployment soars
Egyptian-Israeli blockade on the Gaza Strip has left industry and construction gasping for resources Economy -
Gold prices edge lower as dollar firms
Bullion hit its highest since Oct. 31 on Tuesday at $1,332.10, having posted its biggest weekly gain since mid-August, of more than 4 percent, last week Economy -
Saudi Airlines secures $1.9 bln loan to fund planes
The loan is with a group of local and international banks led by Saudi Arabia's Samba Financial Group Aviation & Transport -
Facebook to buy WhatsApp for $19bn in deal shocker
The deal would place the world’s largest social network Facebook close to the heart of mobile communications Business -
Kurds say have not agreed to export oil via Iraq’s SOMO
The claims come after Iraq’s Deputy Prime Minister for Energy said that the Kurds agreed to export through the oil organization Energy -
Abu Dhabi, Dubai markets should unify back offices, says ADX chief
If a merger does not happen, consolidating the exchanges’ back offices would be a good alternative, Rashed al-Baloushi said Financial Markets -
Jordan’s drug-maker Hikma estimates 23% full-year revenue growth
The London-listed company raised its full-year generics revenue forecast to $270m, as sales of the antibiotic continued to rise Economy -
Firm behind Beckham underwear looks to score in India
Retailer H&M, which makes pants endorsed by the British footballer, to spend $136k launching first store in India Retail -
Sources: Iran asks India for $1.5bn in oil payments
If the payments are approved, this could make India the third of Iran’s major buyers after Japan and South Korea Energy -
Protesters said to shut oil pipeline in Libya
The impact of the incident on production remains unclear Energy -
Report: Monte Paschi foundation in talks with Qatar on stake sale
Qatari fund might be willing to subscribe to a portion of unsubscribed shares in Monte Paschi’s cash call Economy -
High time for hi-tech Israelis and Palestinians
Israel has earned her nickname the start-up nation, due to her vibrant entrepreneurship in hi-tech Middle East -
Iraq crude exports decline to 2.2 mln bpd in January
The drop is due to attacks on the pipeline carrying oil from the northern Kirkuk oilfields to Turkey Economy -
Qatar’s armed forces buy Barcelona hotel for $107 million
Qatar is interested in making further investments in the Spanish city Property