Business

Exclusive: Saudi preparing tougher rules for insurers – sources

Exclusive: Saudi preparing tougher rules for insurers – sources

Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller…
Emirates says open to cooperation with rival UAE airline Etihad

Emirates says open to cooperation with rival UAE airline Etihad

Dubai-based airline Emirates is open to cooperation with rival Etihad Airways on areas including procurement, its president Tim Clark said,…
No Vacancies: Airbnb shutters Beijing rentals ahead of Party Congress

No Vacancies: Airbnb shutters Beijing rentals ahead of Party Congress

US short-term rental service Airbnb Inc has removed listings in Beijing as the capital prepares to host a five-yearly Party…
Exclusive – Game of Drones: US poised to boost unmanned aircraft exports

Exclusive – Game of Drones: US poised to boost unmanned aircraft exports

The Trump administration is nearing completion of new “Buy American” rules to make it easier to sell US-made military drones…
US dollar to Egyptian pound prices Tuesday

US dollar to Egyptian pound prices Tuesday

The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading. According to…
Uber riders in Dubai can now select electric-powered Tesla

Uber riders in Dubai can now select electric-powered Tesla

Uber is offering its customers the option to ride in one of 50 new Tesla electric-powered vehicles in Dubai, where…
Oil prices rise as OPEC says market is rebalancing

Oil prices rise as OPEC says market is rebalancing

Oil prices edged up on Tuesday as OPEC said there were clear signs the market was rebalancing and as US…
Remittances from Egyptian expats up 40 pct from same period last year: CBE

Remittances from Egyptian expats up 40 pct from same period last year: CBE

Remittances from Egyptian expats were reportedly 40 percent higher in August than in the same month last year, registering $1.7…
Trump’s businesses are losing millions in Scotland

Trump’s businesses are losing millions in Scotland

Trump has two golf resorts in the country — one near Aberdeen and the other at Turnberry. Their combined losses…
Richard Thaler wins Nobel for work in behavioral economics

Richard Thaler wins Nobel for work in behavioral economics

The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioral…
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