Middle East Archives | Gulf Business https://gulfbusiness.com/section/world/middle-east/ Fri, 19 May 2023 11:26:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.5 https://gulfbusiness.com/wp-content/uploads/2020/07/cropped-gb-new-fevicon-2020-1-32x32.png Middle East Archives | Gulf Business https://gulfbusiness.com/section/world/middle-east/ 32 32 Arab League Summit begins in Jeddah https://gulfbusiness.com/arab-league-summit-begins-in-saudi-arabia-jeddah/ https://gulfbusiness.com/arab-league-summit-begins-in-saudi-arabia-jeddah/#respond Fri, 19 May 2023 11:03:11 +0000 https://gulfbusiness.com/?p=254813 The 32nd Arab League summit brings together 22 member countries and five observer nations in Saudi Arabia's coastal town

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EFG Hermes shuts Oman operations https://gulfbusiness.com/egypts-efg-hermes-exits-operations-from-oman/ https://gulfbusiness.com/egypts-efg-hermes-exits-operations-from-oman/#respond Wed, 12 Apr 2023 08:53:32 +0000 https://gulfbusiness.com/?p=250647 The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric

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Egypt inflation surges to highest since July 2017 on food prices https://gulfbusiness.com/egypt-inflation-surges-to-highest-since-july-2017/ https://gulfbusiness.com/egypt-inflation-surges-to-highest-since-july-2017/#respond Mon, 10 Apr 2023 09:48:44 +0000 https://gulfbusiness.com/?p=250333 On a monthly basis, prices grew 2.7 per cent, compared with 6.5 per cent in February

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Iraq, TotalEnergies to proceed with $27bn energy project https://gulfbusiness.com/iraq-agrees-with-totalenergies-on-energy-project/ https://gulfbusiness.com/iraq-agrees-with-totalenergies-on-energy-project/#respond Wed, 05 Apr 2023 11:30:58 +0000 https://gulfbusiness.com/?p=249948 The energy project aims to recover flared gas on three oil fields in order to supply power plants and build a seawater treatment plant to increase oil production

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World Bank approves five-year plan to support Egypt development https://gulfbusiness.com/world-bank-approves-5-year-plan-to-support-egypt/ https://gulfbusiness.com/world-bank-approves-5-year-plan-to-support-egypt/#respond Thu, 23 Mar 2023 03:44:02 +0000 https://gulfbusiness.com/?p=248722 The framework’s projects will be supported with $7bn in lending, comprising of $1bn a year from the International Bank for Reconstruction and Development

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Fresh quakes hit Turkey, two weeks after disaster https://gulfbusiness.com/fresh-quakes-hit-turkey-2-weeks-after-disaster/ https://gulfbusiness.com/fresh-quakes-hit-turkey-2-weeks-after-disaster/#respond Tue, 21 Feb 2023 06:14:08 +0000 https://gulfbusiness.com/?p=245119 A 6.4 and 5.8 magnitude earthquakes hit the country's southeastern Hatay province on Monday

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UAE’s Ministry of Defence ends rescue and search activities in Turkey https://gulfbusiness.com/ministry-of-defence-ends-rescue-activities-turkey/ https://gulfbusiness.com/ministry-of-defence-ends-rescue-activities-turkey/#respond Mon, 20 Feb 2023 10:40:48 +0000 https://gulfbusiness.com/?p=245023 During the operation, the team managed to rescue 10 people and recover 26 bodies

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Rescue efforts continue a week after Turkey, Syria earthquakes https://gulfbusiness.com/turkey-syria-earthquake-hundreds-dead/ Tue, 14 Feb 2023 05:26:01 +0000 https://gulfbusiness.com/?p=243474 The death toll in Turkey and Syria from the earthquakes and major aftershocks rose above 35,000

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Insights: Maximising the potential of ESG investing in the MENA region https://gulfbusiness.com/potential-of-esg-investing-in-mena/ https://gulfbusiness.com/potential-of-esg-investing-in-mena/#respond Thu, 09 Feb 2023 07:11:57 +0000 https://gulfbusiness.com/?p=244012 Investors in the region could be missing a big opportunity, as investment firms globally are facing increasing demand for ESG investment products that integrate thematic ESG strategies and comply with regulatory requirements

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Middle East CEOs confident about economic growth in 2023, finds PwC survey https://gulfbusiness.com/middle-east-ceos-insights-pwc-survey/ https://gulfbusiness.com/middle-east-ceos-insights-pwc-survey/#respond Sun, 29 Jan 2023 22:42:43 +0000 https://gulfbusiness.com/?p=242779 According to the survey, 61 per cent of Middle East CEOs expect regional economic growth to improve in 2023 and are ‘very confident’ about prospects for business revenue growth over the next three years

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