Arabic

Tunisian president slashes own salary by two-thirds

Tunisian president slashes own salary by two-thirds

Tunisias President Moncef Marzouki announced on Friday his decision to voluntarily take a two-thirds pay cut as the government grapples with a financial situation it has described as critical.

National Bank of Oman Q1 profit up 20%

National Bank of Oman Q1 profit up 20%

National Bank of Oman reported a 20 percent rise in first-quarter net profit on Sunday, slightly above analyst estimates.

Dubais Emirates faces $272m revenue hit over grounded flights

Dubais 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 Dubais main airport, the carrier said on Thursday.

Libya plans smart cards to cut fuel subsidies that boost smuggling

Libya plans smart cards 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 smart card 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 Moroccos royal cabinet said on Tuesday.