Dubai / Emirates Business Global Village concluded its extremely successful 20th season with the highest ever guest attendance at 5.3 million and business transactions worth AED2.2 billion, and closed to a packed house over its final weekend when more than 90,000 guests attended the park while the Lebanese superstar Nancy Ajram took to the stage a spectacular concert to be ...

CAIRO / Reuters Saudi Arabia and Egypt have signed agreements to specify maritime borders, a cabinet statement said, allowing both countries to benefit from maritime zones that were previously untapped. The agreement was signed during Saudi Arabia’s King Salman visit to Egypt during which several investment projects were announced. The technical drawing of the border include the Tiran and Sanafir ...

CAIRO / Reuters Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion) from about 61 billion pounds in the 2015/16 budget. Consumers reacted ...