Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Suez Canal Bank partners with CRIF Egypt to advance sustainability through Synesgy    Russia hits Ukraine with huge barrage as first Australian tanks arrive    Russia unveils 'Kinzhal' interceptor drone to counter low-altitude threats    Lebanon's PM says US proposal includes full Israeli withdrawal, state control of arms    Saib reopens Mansoura branch after comprehensive renovation    ABE signs cooperation protocol to finance beneficiaries of state-owned lands in Minya    Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature    Egypt After 2025: Navigating a Critical Inflection Point    Egypt's EHA, Huawei discuss enhanced digital health    Spot Gold, futures slips on Thursday, July 17th    Egypt, Oman discuss environmental cooperation    Egypt expresses condolences to Iraq over fire tragedy    Egyptian, Belarusian officials discuss drug registration, market access    Sri Lanka's expat remittances up in June '25    Egypt's Health Min. discusses drug localisation with Sandoz    EU–US trade talks enter 'decisive phase', German politician says    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Martina Fuchs Reuters
Egypt expects tourist numbers up despite clashes
DUBAI: Egypt's Ministry of Tourism hopes to see a recovery in tourist numbers to between 12 and 13 million this year, bringing in $11 billion, despite ongoing street violence and more than 70 deaths after a football match riot last week. Last (...)

06 - 02 - 2012
Yemen should reject Saleh immunity law, says HRW
DUBAI: A Yemeni government proposal to grant President Ali Abdullah Saleh amnesty in return for his speedy exit is an affront to thousands who suffered under his rule and should be rejected by the parliament, US-based Human Rights Watch group (...)

11 - 01 - 2012
IMF sees high Saudi spending, budget surplus in 2012
DUBAI: Saudi Arabia is expected to maintain a high level of government spending next year but succeed in posting another large budget surplus without needing to dip into its fiscal reserves, a senior official of the International Monetary Fund (...)

22 - 12 - 2011
Oman stress-tests banks to limit euro crisis impact
ABU DHABI: Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and a feared global recession, a senior central bank official said on Sunday. "Some banks are already doing their stress (...)

11 - 12 - 2011
Safe-haven status puts UAE luxury car sales in high gear
DUBAI: Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars. The (...)

18 - 11 - 2011
Gulf perfumers smell opportunity in local, global markets
DUBAI: Walk through any of Dubai's immaculate, air-conditioned shopping malls, and the scent of spicy perfume becomes an integral part of the shopping experience. From boutiques to sales clerks offering samples, there's no shortage of fragrances (...)

09 - 09 - 2011
Kuwait financial sector may draw money launderers, says IMF
DUBAI: Rapid growth of Kuwait's financial sector could create an attractive environment for money launderers and terrorism financers, the International Monetary Fund said in a report. "Although there is currently no evidence of significant (...)

04 - 09 - 2011
July inflation slows to 3-mth low on housing costs
DUBAI: Inflation in the United Arab Emirates eased to a three-month low of 1.3 percent on an annual basis in July helped by a weak housing market, data showed on Sunday, and analysts expect price pressures to remain low in the coming (...)

14 - 08 - 2011
Palestinian authority to issue $50 mln sukuk
ABU DHABI: The Palestine Monetary Authority hopes to issue to banks its first ever Islamic bond worth $50 million by the end of June, its governor Jihad Al-Wazir said on Sunday. The authority originally aimed to issue the bonds, or sukuk, in the (...)

05 - 06 - 2011
Egypt says has up to $12 bln funding gap: IMF
DUBAI: Egypt has indicated it needs up to $12 billion to meet a funding gap but has yet to formally request a loan from the International Monetary Fund, an IMF official said on Wednesday. "At this stage what we know is that the Egyptian (...)

28 - 04 - 2011
Al Jazeera suspends Arabic service operations in Syria
DUBAI: Qatar-based satellite channel Al Jazeera said it had suspended some operations in Syria, in a move a media watchdog said was the result of restrictions and attacks on its staff. A spokesman for the network told Reuters the suspended (...)

28 - 04 - 2011
MENA unrest dampens property market outlook, says report
DUBAI: Unrest in the Middle East and North Africa region will lead to delays and cancellations of many real estate projects and may dampen the outlook of regional property markets, a Standard & Poor's report said. The ratings agency said (...)

14 - 04 - 2011
Tourists, businesses flee to Dubai to escape storm
DUBAI: Regional turmoil is creating an unexpected boom for Dubai as tourists and businessmen flock once again to the shopping and skyscraper oasis after fleeing just a few years ago in the wake of its spectacular debt debacle. Visitor numbers are (...)

01 - 04 - 2011
China's deepening Arab ties: the dragon in the desert
DUBAI: A behemoth dragon-shaped shopping mall in the desert near Dubai has become a symbol of the deepening links between East Asia and the Middle East. Dragon Mart — 3,950 wholesale and retail shops, stretching 1.2 km, or about three-quarters of (...)

05 - 03 - 2011
Mideast banks, funds seek to tap women's wealth
DUBAI: Emirati housewife Sarah Alzarouni brushed past a group of women clad in floor-length black robes, some with only their eyes showing, to enter through the frosted doors of one of Dubai Islamic Bank's women-only branches. Clutching a Louis (...)

29 - 12 - 2010
Kuwait cbank denies Islamic banks' liquidity request, says paper
DUBAI: Kuwait's central bank denied a request by Islamic lenders to grant them exceptions from liquidity ratio requirements and allow for the withdrawal of excess liquidity, a newspaper reported on Tuesday. Kuwaiti Arabic daily Al-Rai said this (...)

28 - 12 - 2010
Yemen reforms on track, should help economy, currency
DUBAI: Yemen has made good progress in addressing fiscal imbalances weighing on its economy but the impoverished country's dwindling oil output and unrest make for an uphill struggle, a senior IMF official said. Total revenues in 2010 stood at (...)

16 - 12 - 2010
UAE econ min hopes to rejoin Gulf single currency, says paper
DUBAI: The United Arab Emirates hopes it and Oman will rejoin a planned Gulf single currency project one day, UAE economy minister was quoted as saying by a Saudi newspaper on Sunday, ahead of a Gulf rulers summit this week. Rulers from Gulf Arab (...)

05 - 12 - 2010
Gulf Arab customs union in final stages: UAE
DUBAI: Gulf Arab oil producing countries are in the final stages of reaching a deal on how to distribute revenues from customs duties, a senior official at the United Arab Emirates finance ministry said on Sunday. The introduction of a customs (...)

07 - 11 - 2010
IFC to push Yemen microfinance; viable projects scarce
DUBAI: The World Bank is increasingly focusing on microfinance and small business loans in Yemen as the spike in violence this year is making it hard to find viable projects for investment, a senior official told Reuters. International donors are (...)

04 - 11 - 2010
Mideast banks, funds seek to tap women's wealth
DUBAI: Emirati housewife Sarah Alzarouni brushed past a group of women clad in floor-length black robes, some with only their eyes showing, to enter through the frosted doors of one of Dubai Islamic Bank's women-only branches. Clutching a Louis (...)

01 - 11 - 2010
Food prices drive Kuwait July inflation up to 4 pct
KUWAIT: Kuwait inflation rose to a 13-month high of 4.0 percent year-on-year in July, driven by rises in food and global commodities prices. Inflation in the world's fourth largest oil exporter is expected to decelerate again towards the end of (...)

28 - 09 - 2010
Investors to leave Dubai for Abu Dhabi, Egypt
DUBAI: Fund managers will rotate dedicated money out of Dubai and into Abu Dhabi, Qatar and Egypt in search of a safe investment haven, as the Gulf emirate delayed billions of dollars of debt obligations this week. International fund managers say (...)

29 - 11 - 2009
Schroders MENA fund aims for $1 bln, eyes Egypt
DUBAI: Schroders Middle East and North Africa fund will be heavily weighted toward Egyptian and United Arab Emirates construction stocks as it seeks to quadruple its size to $1 billion in 2010, fund manager Rami Sidani said. The fund believes (...)

17 - 11 - 2009
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