Egypt to upgrade tourism services at 30 key visitor attractions


(Source Zawya) – Egypt’s Ministry of Tourism and Antiquities aims to raise the standard of services provided to visitors at 30 key Egyptian museums and archaeological sites including Al-Moez Street in Old Cairo, the capital’s Citadel, and museums in Alexandria, Fayoum, Sohag, and Luxor. Mostafa Waziry, secretary-general for the Supreme Council of Antiquities, said the […]

Bahrain’s GFH Financial Group increases stake in Khaleeji Commercial to 69%


(Source Zawya) – Bahrain-based GFH Financial Group has increased its stake in Khaleeji Commercial Bank (KHCB) to nearly 70 percent, as part of its business strategy, it said on Monday.  The Islamic wholesale investment bank said it has expanded its stake in its affiliate from 55.41 percent to 69.05 percent, of which 3.8 percent, were acquired […]

Doing Business series: JORDAN

We are glad to introduce the Fourth part of the “Doing Business” series. This week we’re going to talk about JORDAN. Enjoy your read! See document

Italy’s Services PMI up to 53.1 in May


(Source Ansa) – According IHS Markit, the purchasing managers’ index (PMI) for Italy’s services sector rose to 53.1 in May, up from 47.3 in April. The composite index, which includes the manufacturing sector, was up from 51.2 in April to 55.7 in May, the highest level since February 2018.  To read the full article

ADX lists $1bln bonds issued by Abu Dhabi Ports


(Source Zawya) – Abu Dhabi Securitis Exchange (ADX) announced that it has listed US$1 billion of bonds issued by Abu Dhabi Ports. The 10-year bonds are rated A+ (stable) by S&P and A+ (stable) by Fitch, and were 4.5 times over-subscribed. The Notes mature on 6th May 2031 and carry a coupon of 2.5 percent per […]

GCC’s 40 years of remarkable economic achievement


(Source Zawya) – The Gulf Cooperation Council (GCC) composed by Saudi Arabia, the UAE, Bahrain, Oman, Qatar, and Kuwait,  marked its 40th anniversary on May 25. The six nations forming the union agreed to effect coordination, integration, and interconnection among member states in all aspects of life, in order to achieve unity. Key aspects underpinning […]

Egypt’s trade deficit declines to $9.6bln in Q1-21


(Source Zawya) – The Minister of Planning and Economic Development, Hala El-Saeed said “Egypt’s balance of trade deficit narrowed by 1% to $9.6 billion in the first quarter (Q1) of 2021, compared to $9.7 billion in Q1-20”. She added that the country’s non-oil exports rose by 6% to $7.4 billion in the January-March 2021 period. […]

Oman to allow Gulf citizens land entry as some restrictions ease


(Source Zawya) – Oman it will allow Omanis and citizens of other Gulf countries to move across its land borders daily for work, while also loosening other pandemic-related restrictions imposed, said state TV on Twitter. The first looseing start with Mosques with a capacity of less than 100 people will be allowed to reopen, but […]

Domestic revenues increased by 34% by end of April – Jordan Finance Ministry


(Source Zawya) – According the data released from Jordan Ministry of Finance, the domestic revenues by the end of April of 2021 witnessed a rise of JD652.2 million, to reaching JD2.566 billion, which is an increase of 34.1%. Tax collections increased by JD423 million, marking a 27.3 per cent increase, while customs fees increased by […]

Italy’s GDP up 0.1 in 1st quarter, better than expected


(Source Ansa) – According the national statistics agency ISTAT, Italy’s GDP rose by 0.1% in the first quarter of 2021, despite had estimated a fall of 0.4% in quarter-on-quarter terms in April. To read the full article

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