Middle East Business Review – 16 Apr

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A look at today’s important financial news and business updates from the Middle East region:

Etihad Rail delegation returns from Europe after reviewing security standards

A delegation of Etihad Rail, the developer and operator of the UAE’s railway network, has returned from Europe after reviewing the best rail security practices followed by European rail operators. Members of the UAE’s Supreme Committee for Safety and Security, Dubai Civil Defence, Dubai Municipality, and Abu Dhabi Police GHQ were also part of the continental tour. Click here to read more…

Emirates says it is open to Indian aviation investment options

Emirates Airline, Dubai’s flag carrier, has hinted it is keeping its investing options open in India amid signs New Delhi is moving toward overhauling country’s ownership rules. Click here to read more…

Dubai World announces $3.70bn worldwide investment

Dubai World has announced it is planning to invest AED13.6 billion ($3.70bn) in new projects over the next three years as part of its ongoing expansion strategy worldwide. Click here to read more…

GCC exports to Japan record high in 2011

The UAE and five other oil producing Gulf states recorded a sharp increase in exports of goods to Japan by nearly 40% in 2011, widening the trade surplus, official data suggested. Click here to read more…

Moroccan parliament approves 2012 budget

Moroccan parliament approved the budget for current fiscal year in which it aimed to reduce budget deficit to below five per cent of GDP, and raise taxes on companies and alcohol products. The Moroccan News Agency said Prime Minister Abdelilah Benkirane’s government intends to narrow the gap between rich and poor Moroccans, and address issues like high unemployment and inflation. Click here to read more…

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