Arabic

Dubaiís Emirates faces $272m revenue hit over grounded flights

Dubaiís Emirates faces $272m revenue hit over grounded flights

Emirates airline expects take a Dh1 billion ($272.3 million) revenue hit when it grounds flights due to runway works at Dubaiís main airport, the carrier said on Thursday.

Libya plans Ďsmart cardsí to cut fuel subsidies that boost smuggling

Libya plans Ďsmart cardsí to cut fuel subsidies that boost smuggling

Libya plans to limit the costly subsidies its citizens enjoy when buying motor fuel - much of which is smuggled into Tunisia for resale at higher prices - by introducing a ďsmart cardĒ system like one newly implemented in neighboring Egypt.

Switzerland to give Ben Ali money to Tunisia

Switzerland to give Ben Ali money to Tunisia

Switzerland said on Friday it will hand over to Tunisia $40 million (29 million euros) stashed in Swiss bank accounts by the family of ousted dictator Zine El Abidine Ben Ali.

Egypt champions African cause at IMF-World Bank spring meetings

Egypt champions African cause at IMF-World Bank spring meetings

Additional African seat at both G20 and IMF Board of Governors among Egyptian finance minister's demands at sideline meeting of C10 group in Washington on Thursday

Libya's port deal no risk-free return to steady oil output

Libya

Libya may have averted a state collapse by striking a deal with eastern rebels to reopen occupied oil ports, but technical delays and simmering federalist dissent threaten to disrupt production once again.

Palestine criticizes Israeli economic sanctions

Palestine criticizes Israeli economic sanctions

Palestinian Foreign Minister Riyad al-Malki Friday criticized Israel's decision to impose economic sanctions on the Palestinian National Authority (PNA) as peace talks falter between the two sides.

ITU agrees resolution on developing Palestine market

ITU agrees resolution on developing Palestine market

The International Telecommunication Union (ITU) has approved resolutions expected to benefit the Palestinian telecom market. ITU members at the World Telecommunication Development Conference (WTDC-14) in Dubai, UAE unanimously accepted a resolution on opening up the ICT sector in Palestine

Gulf states to invest $737 million in Morocco tourism infrastructure

Gulf states to invest $737 million in Morocco tourism infrastructure

Arab Gulf states will invest 6 billion dirhams ($737 million) in tourism infrastructure in the port of Casablanca in the first of a series of such projects, a statement from Moroccoís royal cabinet said on Tuesday.

Local tourism sector contributes 2.6% to Saudi kingdomís economy

Local tourism sector contributes 2.6% to Saudi kingdomís economy

The tourism sector contributes to 2.6 percent of the Saudi economy. A recent report released by the Saudi Commission on Tourism and Antiquities (SCTA) has indicated that Saudi Arabiaís tourism sector is set to create 1.7 million jobs over the coming six years, said the President of the Saudi Commission for Tourism and Antiquities (SCTA) Prince Sultan bin Salman.

Qatar approves record $62bn budget

Qatar approves record $62bn budget

Gas-rich Qatar, pushing ahead with a massive infrastructure drive in preparation for hosting the 2022 football World Cup, unveiled a record budget Sunday of almost $62 billion.