Business

STC's Financial Results Improve in H1 2018

STC's Financial Results Improve in H1 2018

Saudi Telecoms achieved positive growth in their announced results for the first half of 2018, with an improvement of 3.33 percent compared to the same period of 2017. Saudi Telecom Company (STC) supported the improvement in the financial results of the Telecom sector. It announced achieving a

Egypt Seeks Raising Industry’s Contribution to Growth by 20%

Egypt Seeks Raising Industry’s Contribution to Growth by 20%

The industry sector plays an important role in the national economy, Egypt’s minister of planning and administrative reform said on Tuesday. Hala al-Saeed stressed that the government counts on this sector to achieve a remarkable development boom in the coming period, as it is one of the fastest

Dubai’s DP World Acquires Danish Unifeeder for $762.6 million

DP World, one of the world’s largest port operators, has announced the acquisition of 100 percent of Denmark’s Unifeeder Group for 660 million Euros ($762.6 million) from Nordic Capital Fund VIII and certain minority shareholders. The acquisition will boost DP World’s presence in the global suppl

Houthis Up Gas Prices to Obstruct Efforts to Stabilize Yemeni Rial

Houthis Up Gas Prices to Obstruct Efforts to Stabilize Yemeni Rial

Houthi militias increased gas prices once again on Saturday in areas under their control, which includes the Yemeni capital, Sanaa. Other than adding to the suffering of Yemenis, the increase is said to be in retaliation and targeting efforts of the internationally-recognized government and the C

Walmart Deadlocked With US Over Bribery Probe

Walmart Deadlocked With US Over Bribery Probe

Walmart Inc. set aside nearly $300 million last fall for a possible resolution with the U.S.

Egypt: Advertising Campaign Motivating Citizens to Pay Property Taxes

Egypt: Advertising Campaign Motivating Citizens to Pay Property Taxes

An advertising campaign for Egypt’s Real Estate Taxation Authority (RTA) has drawn the people's attention calling on citizens to start paying taxes before mid-August. Although the current law has been in force for nearly a decade now, but it has undergone many amendments that have hindered its wo

Dubai Land Authority Seizes Assets of Property Firm

Dubai Land Authority Seizes Assets of Property Firm

The Dubai Land Department, DLD, has issued a decision to seize the properties and land plots registered under Schon Properties as well as the funds deposited in its escrow account until the Dubai Public Prosecution and Dubai Courts complete the legal procedures for the recovery of all investor right

Pages