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On Monday, the European Union announced a suspension of sanctions on Syria’s energy, transport, and banking sectors as part of efforts to support the country’s reconstruction following the downfall of Bashar al-Assad. Syria’s new leadership, which has been pressing for the…
Restaurant and café owners in Jordan are urging the government to lift the ban on shisha, the popular waterpipe smoking device, after a noticeable decline in demand, particularly in tourist restaurants. The call comes as Jordan’s tourism sector struggles, with figures…
Iraq has enlisted the help of two prominent financial consulting firms, London-based EY and U.S.-based Oliver Wyman, to assist in the restructuring of its banking sector, which has been severely impacted by long-term instability. The consultants are tasked with creating a…
The Turkish government has confirmed that negotiations with Abu Dhabi Ports Group (AD Ports) for operating rights at the Alsancak freight and passenger port in Western Turkey have come to an end. Turkish transport minister Abdulkadir Uraloglu stated that the goal…
SalamAir, Oman’s first low-cost airline, has announced plans to grow its fleet by adding 10 new aircraft over the next three years, driven by a rising demand for affordable travel. The airline has officially requested 10 Airbus A320 planes from various…
Dubai Taxi Company has declared a total dividend payout of AED282 million ($77 million) for 2024, reflecting a strong financial performance and a nearly 50% increase in its share price since its listing on the Dubai Financial Market (DFM) in December…
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