October 18, 2017 | English | عربي
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October 11, 2017

The Central Bank of Iraq (CBI) currency auction on October 10 registered $159,825,026 in sales, a 0.52% volume increase from the US $159,003,492 sold by Iraqi Dinar, credit and transfer at the previous auction held on October 9.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on October 10 compared to the previous auction.


Off-plan sales driving down Dubai’s residential...
October 18, 2017

Residential property transactions in Dubai are rising, but the price trajectory remains unclear as developers selling off-plan units drive down prices in the affordable housing sector and create a stock of low-quality residential units in the emirate , brokers said on Tuesday.

The number of deals for built units since the beginning"...


October 18, 2017

Egypt’s fledgling solar industry attracted US$1.8 billion of investment, largely from the European Bank of Reconstruction and Development (EBRD), with investors including Islamic Development Bank, and the World Bank’s International Finance Corporation (IFC).

The EBRD is backing 16 photovoltaic projects, to be built by developers including Dubai's Access Power MEA, and the IFC is financing 13 in the sunny North African nation with a combined"...

October 18, 2017

It is the prize of a lifetime - a US$5 billion investment creating 50,000 well-paid jobs that everyone wants but only one US city will get.

From East to West, from North to South, metropolises across the United States are locked in a frenzied bidding war desperate to woo Amazon into favouring them as the site of the e-commerce giant's second headquarters.

From $7bn in tax"...

October 18, 2017

Russian companies will be able to continue their projects in Iraq, despite the conflict in that country, Russian Energy Minister Alexander Novak told journalists.

'Our companies continue to work for today and we believe that they will be able to go on with the implementation of their projects,' he said.

The Iraqi army’s press service reported that the armed forces"...

October 18, 2017

Crude oil prices were slightly up on Tuesday (October 17) compared to the previous close.

The price of Brent oil was at $58.12 up from $57.98 and U.S. WTI crude was at $52.14 from $52.09.

The Organization of the Petroleum Exporting Countries (OPEC) decided to extend cuts in oil output by nine months to March 2018, OPEC delegates said. The producer group is coping with a global"...

October 18, 2017
Global cyber security company Kaspersky Lab on Wednesday announced the appointment of Shrenik Bhayani as its new General Manager for the South Asia region, covering India, Sri Lanka, Bangladesh, Nepal, Bhutan and the Maldives. Bhayani replaces Altaf Halde, who was at the helm of the region for seven successful years. Halde is leaving the company to pursue opportunities outside Kaspersky Lab. Bhayani, who will join the Asia Pacific leadership team from October 18, will be responsible for further developing the growth of the company in the South Asian SMB (small and medium businesses) and enterprise markets. 'I look forward to see tremendous opportunities ahead for the company as we execute a strong strategy to help protect businesses in critical industrial environments in the entire South Asian region,' Bhayani said in a statement. Bhayani earlier served as country manager for......