Economics and Politics
A delegation from the IMF is due to arrive in Egypt on Wednesday for talks with the government on a $4.8bn loan, a government spokesman said on Sunday.
Meanwhile, inside the country the Egyptian pound has fallen sharply against the dollar on the black market in the last few days due to dwindling supply of the US currency.
Cooperation among Arabian Gulf nations is vital to the protection of what is the world's busiest oil export zone, security chiefs agreed yesterday at a Gulf Cooperation Council meeting.
Companies and Business
Abu Dhabi hotels saw total revenue rise seven percent to $137m for February compared to the same month last year, according to new figures from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi).
Qatargas said on Sunday it has delivered its first ever cargo of liquefied natural gas (LNG) to Singapore.
Some Internet-based communication tools such as Skype and Whatsapp flout Saudi Arabia’s telecom laws, the regulator said on Sunday, instructing telecom operators to quickly ensure these services comply.
Emirates NBD, Dubai's largest lender, listed a US$750m conventional bond on the NASDAQ Dubai bourse on Sunday.
State-owned Oman Air, the sultanate’s national carrier, plans to launch a budget airline to handle regional and domestic flights as a measure to expand its business, chairman Darwish Ismail Al Balushi said on Sunday.
