Middle East Business Review – 22 Apr

0
539
Spread the love

business newspapers review

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

Sharjah marks Earth Day by launching Reverse Vending Machines

Sharjah is ready to launch 10 Reverse Vending Machines (RVD) which will be placed in different locations in UAE and is also the part of myBeech recycling rewards campaign, in connection with Earth Day which is marked on 22nd of April every year. Click here to read more…

Arabs must have bigger say at IMF – UAE

The UAE Minister of State for Financial Affairs has said more Arabs are needed to increase the international lender’s credibility. Obaid Humaid Al Tayer said in a statement issued during the IMF’s spring meeting at the organisation’s headquarters in Washington on behalf of several regional countries that Arabs account for fewer than 3% of employees at the IMF. Click here to read more…

MasterCard announces MENA growth plans

MasterCard announced it is restructuring its Middle East and Africa business. The announcement comes at a time when the global credit firm is trying to cash in on steady population growth, continuous economic development and a huge chunk of young consumers entering workplace every year. Click here to read more…

Greek island bought off by Qatari royal family member – report

A Qatari royal family member has purchased a Greek island for €5m ($6.59m), according to reports published in local media. Citing unnamed sources, Oxia, Greek daily Ekathimerini reported that the island, spread across 1,236-acres, was initially advertised by owners the Greek-Australian Stamoulis family for €6.9m ($9.1m) while adding that the island’s new owners are interested in developing part of the island. Click here to read more…

GCC set to impose 100% levy on tobacco imports

The Gulf Cooperation Council (GCC) have given strong indications of doubling customs tariffs on cigarette and other tobacco imports from next month. According to a senior Saudi official, finance ministers from six Gulf states scheduled to meet in May to approve the price hike. Click here to read more…

Jordan plans countering social unrest by economic development, close GCC ties

An IMF outlook says Jordan faces a challenging economic situation ahead as political conflagrations rage in neighbouring countries and elsewhere in the surrounding region. The Middle Eastern country’s economy grew at an average of 6.5% yearly from 2000 to 2009. However, the Hashemite kingdom’s growth rate faltered to 2.3% in 2010 and 2.5% in 2011, according to the International Monetary Fund. Click here to read more…

Facebook Comments