Arab Business

Arab Today, arab today Trade exchange between Egypt, Tunisia hits $181m in 9 months
Tunis - MENA
The volume of trade exchange between Egypt and Tunisia hit dlrs 181 million from January to September, 2016, the Egyptian minister plenipotentiary in Tunis, Inas Zidan, said. In statements to MENA on Wednesday, Zidan, the head of the Egyptian commercial office in Tunis, said the trade balance tilted in favor to Egypt as the Egyptian exports to Tunisia reached dlrs…Read more
Arab Today, arab today 6500 tons of butane gas arrive at Suez's El Zaytiat port
Suez - MENA
A ship carrying 6,500 tons of butane gas coming from Saudi port of Yanbu sailed into El Zaytiat port. In statements on Tuesday, Spokesman for the Red Sea Ports Authority Malak Youssef said that a ferryboat with 421 passengers and 14 trucks on board will arrive at Safaga port. The spokesman said a ferryboat carrying 227 passengers, 69 cars and…Read more
Arab Today, arab today Jordan bonds: ICD keen to support financing mechanisms
Amman - Arab Today
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Jeddah-based Islamic Development Bank, is very proud to support Jordan’s plans to provide an alternative to conventional bonds, said its CEO Khaled Al Aboodi. His remarks came as Jordan closed its inaugural local currency sukuk. The debut sovereign issuance was more than three-times…Read more
Arab Today, arab today KSA discusses changes to bankruptcy laws
Jeddah - Arab Today
A series of workshops are being held in Saudi Arabia seeking public opinion on proposed changes in its bankruptcy laws. The workshops coincide with the Ministry of Commerce and Investment’s (MCI) plans to overhaul the bankruptcy laws. In one such workshop organized by the MCI and attended by specialists and representatives of government agencies on Thursday, there were presentations explaining…Read more
Arab Today, arab today Alwaleed Philanthropies launches national growth mindset initiative
Riyadh/Jeddah - Arab Today
In an effort to inspire Saudi youth to embrace their career ambitions, Alwaleed Philanthropies, chaired by Prince Alwaleed bin Talal, announced the launch of the national growth mindset initiative ‘Yanmu’ in partnership with Dimam, Injaz Saudi Arabia and The Talent Enterprise.  The program will launch in Oct.2016 to foster crucial life and career skills for 600 students across 10 chosen…Read more
Arab Today, arab today 300 tons of rice seized before sold on black market
Cairo - MENA
Security apparatuses in Gharbia governorate managed to seize large quantities of smuggled goods before being sold on the black market. As many as 300 tons of rice, 3,130 imported cigarette packs have been seized before being resold on black market in the northern governorate. All legal measures have been taken and the prosecution has been notified to launch a probe. …Read more
Arab Today, arab today Ministry: 79 workers offered work contracts in Kuwait
Cairo - MENA
Efforts are underway to issue work contracts and visas for 79 workers who will work in a Kuwaiti construction company, said Manpower Minister Mohamed Safaan. This figure was chosen among 250 applicants through a committee dispatched by a Kuwaiti company and under the supervision of the ministry, he added.  The labor representation office which is affiliated to the ministry provided…Read more
Arab Today, arab today Supply Ministry signs contracts for 134,300 tons of sugar
Cairo - MENA
Minister of Supply and Internal Trade Mohamed Ali Meselhi said the ministry contracted for 134,300 tons of sugar that will be directly pumped into the local market next month. Meselhi's remark came during talks on Sunday with a number of heads of companies and ministry's sectors. The meeting aimed at following up measures and mechanisms for providing basic goods and…Read more
Arab Today, arab today 58,000 tons of wheat arrive at Alexandria port
Alexandria - MENA
A ship sailed into Alexandria port Sunday carrying 58,000 tons of wheat from Ukraine, said spokesman for the port authority Reda el Ghandour. The ship was unloaded in silos after finalizing all required procedures and examining some samples to make sure they are fit for human consumption, Ghandour added.Read more
Arab Today, arab today Kingdom investing billions in global technology fund
Jeddah - Arab Today
Public Investment Fund (PIF) has taken another strong step in its mission to support Saudi Vision 2030 with its move to set up a strategic partnership with SoftBank Group Corp. (SBG), according to top businessmen and analysts.  “This is a bold move by the PIF to explore global opportunities into tech ventures,” Basil Al-Ghalayini, CEO of BMG Financial Group, told…Read more
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