business

Israeli-backed UAE scooter start-up expands to Turkey
Middle East

Israeli-backed UAE scooter start-up expands to Turkey

DUBAI, Aug 2 (Reuters) – FENIX, a United Arab Emirates-based e-scooter company backed by Israeli venture capital funding, has acquired…
China tech crackdown spooks global investors
World

China tech crackdown spooks global investors

Beijing’s widening clampdown on big technology firms sparked a major sell-off in their shares this week. The Nasdaq Golden Dragon…
Robinhood makes its $32 billion debut on Wall Street
World

Robinhood makes its $32 billion debut on Wall Street

NEW YORK (AP) — Robinhood’s stock will begin trading Thursday on Wall Street, the very place the online brokerage has…
Egypt and Lebanon top Forbes’ list of Arab billionaires for 2021
Business

Egypt and Lebanon top Forbes’ list of Arab billionaires for 2021

Forbes Magazine revealed that Egypt and Lebanon are the homes of the wealthiest Arab billionaires for 2021. The magazine’s annual…
Egypt to receive first electric train from China in August
Egypt

Egypt to receive first electric train from China in August

Egypt’s National Authority for Tunnels (NAT) will receive from China in August the first train that will operate on the…
Iraq wants American firm to replace Exxon, prime minister says
Middle East

Iraq wants American firm to replace Exxon, prime minister says

WASHINGTON, July 26 (Reuters) – Iraq’s Prime Minister Mustafa al-Kadhimi said on Monday he wants another American company to replace…
Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022
Middle East

Gulf rebound set as Saudi Arabia, UAE seen topping 4% growth in 2022

CAIRO, July 26 (Reuters) – The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow…
Abu Dhabi reduces business setup fees by 94% from current rates – media office
Middle East

Abu Dhabi reduces business setup fees by 94% from current rates – media office

CAIRO, July 25 (Reuters) – Abu Dhabi will reduce business setup fees to 1,000 dirham ($272.27), a 94 percent reduction…
Car chip shortage to abate, smartphones could be next
World

Car chip shortage to abate, smartphones could be next

July 23 (Reuters) – The semiconductor shortage that has gripped the world could last well into 2022 and hit smartphone…
Photos: Japan awards Egyptian businessman Order of the Rising Sun
Egypt

Photos: Japan awards Egyptian businessman Order of the Rising Sun

Egyptian businessman and engineer Abdel Fattah Ragab received the Japanese Order of the Rising Sun for his role as Honorary…
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