Boosted by billions of dollars in aid from Gulf Arab countries, Egypt’s 2013/14 budget deficit was set to shrink from some 14 per cent the year before.
The terminal, slated to arrive in September, is now expected in October or November, according to sources.
Arabtec debacle on the stock market reveals the crack among bourse regulations in the Gulf
Apart from being an attractive cruise destination, the Gulf is also rapidly becoming a source market for cruise tourism, experts say.
The luxury Italian brand’s plans include flagship stores and more than one regional hotel.
Egyptian state news agency MENA said Saudi would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON).
Sovereign investors in the Middle East continue to favour alternative investments with allocations increasing across real estate and private equity.
The investment firm is looking at six deals in total in the Middle East, out of which it expects to close two of them soon.
Currently, the market is well-supplied and prices above $114 a barrel are the result of market nervousness, OPEC Secretary General Abdullah al-Badri said.
Egypt was widely criticised by rights groups and Western governments after it sentenced three Al Jazeera journalists to prison for seven years.
Peter Greste is one of three Al Jazeera journalists jailed for seven years each by an Egyptian judge.
All three have been held at Egypt’s notorious Tora Prison for six months, in a case that has drawn criticism from Western governments and human rights groups.
The company is looking to step up its investment in the region through launch of new facilities and a training academy, a senior executive said.
Khamenei added in remarks to judiciary officials that Washington aimed to keep Iraq under its control and place its own stooges in power.
Turkey and Qatar both have supported the Muslim Brotherhood, an Islamist movement which has been declared a “terrorist” organisation by Egypt and Gulf countries.
ISIL seized Rawa, Ana and Rutba after army troops withdrew from these towns, a senior official said.
Oil prices neared nine-month highs late last week, touching $115 a barrel.
The investment will be conducted through Egypt’s International Company for Agro-Industrial Projects.
UAE officials have also urged Emirati citizens in Lebanon to leave the country immediately.
King Abdullah, on his way home from Morocco, did not leave his plane, which was on the ground at Cairo airport for just over an hour.
Gulf Arab allies have sent billions of dollars in aid to Egypt after Mursi’s fall, which analysts say saved the country from bankruptcy.
King Abdullah will stop off in Cairo for just a few hours on his way home from a visit to Morocco, Saudi sources said.
State-owned firm SABIC topped the list consecutively with $50 billion in revenues and an asset base of $90.4 billion.
Iraqi Prime Minister Nuri al-Maliki has said that the Kingdom backs Sunni militants ISIL.
The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.
A new survey finds that a quarter of finance professionals said that lack of career progression was one of the main reasons for changing jobs.
Gulf Business checks out 10 of the biggest malls that are coming up across the Middle East and North Africa region over the next few years.
Baiji, one of three oil refineries in Iraq, was shut down amidst rising sectarian violence in the country.
A senior U.S. official said Obama had not yet decided on a course of action.
Mehleb, followed by his ministers, took the oath of office in front of President Abdel Fattah al-Sisi, the former army chief who re-appointed the premier in May.