Economics and Policy
PayPal will finally launch in Lebanon and Egypt in 2013, the general manager of the online payment gateway, Elias Ghanem, announced at the ArabNet conference on Thursday.
Lebanese air traffic controllers seeking a pay rise halted flights at Beirut's international airport for four hours on Thursday as the cabinet met to discuss a new public worker salary scale.
The vice president of South Sudan has hailed investment talks with the UAE this week as productive as his country looks to become Africa's newest economic centre.
NGOs have accused Cyprus of a host of economic wrongdoings – as a tax haven, a hub for money laundering, and of financial opacity.
Moody’s Investors Service Thursday downgraded Egypt’s sovereign foreign currency credit rating to Caa1 from B3, citing unsettled political conditions, and said risks of a default have increased.
Companies and Business
Global hospitality group Accor has announced plans to have a total of 100 hotels in the Middle East, with 25,000 rooms for guests.
A rapidly increasing customer base helped mobile operator Viva Kuwait make an annual profit for the first time in 2012, four years after the Saudi Telecom Co (STC) affiliate launched services.
