Middle East Business Review – 17 Apr

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

UAE to introduce new laws banning exotic pet keeping

The government of UAE announced on Tuesday it will be taking practical steps, including new legislation, to curb the practice of Emiratis owning exotic animals as pets. Click here to read more…

Austrian firms build world’s largest solar plant in Saudi Arabia

Two Austrian companies have announced they have built the world’s largest solar power plant which will power an educational campus in Saudi capital Riyadh. Click here to read more…

Saudi telecom Mobily in mobile virtual network operator talks

Saudi Arabia telecom company Mobily’s chief executive announced on Tuesday the company is in talks with a number of foreign operators to sell its surplus network capacity. Click here to read more…

Qatar Airways announces 3-day global fares sale

Qatar Airways launched on Tuesday an amazing three-day global sale to more than 100 destinations worldwide. Passengers from Doha and around the world can avail the special fares taking advantage of up to 25% off both Economy and Business Class prices. The round-trip fares are inclusive of all taxes and surcharges. Click here to read in detail…

Struggling Jordanian flag carrier CEO resigns

Reports coming from Amman said Hussein Dabbas, president and CEO of state-owned Royal Jordanian (RJ) airline, has resigned from his post. Click here to read more…

Arab Spring casts shadow on Turkish tourism

More than a year into Arab Spring, Turkey says political uncertainty and continued violence across the Middle East is hurting its tourism sector, which expects to welcome around 30 million visitors this year. Click here to read more…

Mubadala Aerospace signs $1bn worth pact with Boeing

Mubadala Aerospace, a division of Mubadala Development, announced Tuesday it has entered a $1 billion (AED3.67bn) contract for supplying critical components for 777 and 787 Dreamliner airplanes. Click here to read more

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