North Africa/Middle East
Results for North Africa/Middle East
- Egypt Talks for IMF Loan Program Are Nearing ‘Final Stages’
Egypt is “nearing the final stages” of its talks with the International Monetary Fund for a three-year support program, the government said, as it looks to repair an economy damaged by years of political upheaval, Bloomberg News reported. The central ban ...
Daily Headline - global.abi.org - 07/26/2016 - 23:10 - 0 comments
- Dubai Businesses Feel Squeeze As Economic Downturn Bites
A large GMC 4x4 sits with deflated tyres. Like the Range Rovers and Camaro GT parked nearby, it is covered in a thick layer of sandy dust — one of more than 30 apparently abandoned cars lining the bays of a floor of a multistorey car park at Dubai airpor ...
Daily Headline - global.abi.org - 07/25/2016 - 22:11 - 0 comments
- Saudi Arabia’s Non-Oil Sector Slips Into Recession
prices, the Financial Times reported. The country’s non-oil sector contracted 0.7 per cent year on ... quarter of 2015, which the country’s statistics agency has now revised to show a 0.5 per cent year-on-year ...
Daily Headline - global.abi.org - 07/14/2016 - 22:32 - 0 comments
- Distressed Funds Set For Big Stakes In Gulf Keystone After Debt Swap
Distressed debt funds will become big shareholders in troubled oil firm Gulf Keystone after bondholders agreed to swap $500 million of debt for equity, wiping out some of the world's top funds as shareholders, Reuters reported. Gulf Keystone operate ...
Daily Headline - global.abi.org - 07/14/2016 - 22:34 - 0 comments
- Low Oil Price And Austerity Overshadow Eid In Saudi Arabia
After weeks of fasting, affluent Saudis typically spend, feast and travel as they celebrate Eid to mark the end of the holy month of Ramadan. Families gather in gleaming malls from Riyadh to Jeddah, picking up bargains and eating at restaurants. But this ...
Daily Headline - global.abi.org - 07/13/2016 - 22:59 - 0 comments
- Hadef & Partners Legal Highlights
JUNE 2016 UAE legal analysis, insights and news brought to you by Hadef & Partners. Read more. (United Arab Emirates) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,United Arab Emirates ...
Resource Article - twallace@abiwor... - 06/29/2016 - 10:51 - 0 comments - 0 attachments
- Dubai Firm Asks Supreme Court To Prevent It Being Sued Over Quinn Indian Deal
A Dubai-based firm has urged the Supreme Court to prevent it being sued here over its acquisition of a multi-million euro property in India from companies controlled by members of the family of businessman Sean Quinn, the Irish Times reported. Irish ...
Daily Headline - global.abi.org - 06/09/2016 - 22:19 - 0 comments
- Five Goals Of Saudi Arabia’s Ambitious Transformation Plans
Saudi Arabia’s $72bn National Transformation Plan imposes a hefty 346 targets on ministries and governmental bodies with the ambitious goal of ending decades of addiction to hydrocarbon revenues and transforming an economy reliant on the state, the Fin ...
Daily Headline - global.abi.org - 06/09/2016 - 22:20 - 0 comments
- Saudi Arabia Considers Income Tax For Foreign Residents
Saudi Arabia’s finance minister confirmed that the kingdom was considering imposing income tax on foreign residents as it seeks to raise non-oil revenues and cut spending to fund its $72bn plan to diversify the economy, the Financial Times reported. ...
Daily Headline - global.abi.org - 06/08/2016 - 20:09 - 0 comments
- Saudi Arabia Approves Plan to Diversify Economy
Saudi Arabia unveiled plans to more than triple its nonoil revenue by 2020 while cutting state handouts, in a broad bid to reshape the kingdom’s economy amid falling energy prices, The Wall Street Journal reported. The initiative, called the National ...
Daily Headline - global.abi.org - 06/06/2016 - 21:53 - 0 comments