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BUSINESS

MIDDLE EASTERN (B)

Saudi Inaugurates High-Speed Railway Linking Islam's Holiest Cities

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Saudi Arabia launched a high-speed railway Tuesday connecting Islam’s holiest cities.

The 450-kilometer (280-mile) Haramain High-Speed Rail system linking Makkah and Medina is expected to relieve traffic congestion and is also part of efforts to boost tourism and reduce reliance on oil revenue.

With a speed of up to 300 kilometers per hour, the electric trains on the line will carry around 60 million passengers per year.

With a speed of up to 300 kilometers per hour, the electric trains on the line will carry around 60 million passengers per year. (Shutterstock)

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MIDDLE EASTERN (B)

Egyptian Women Reign on Forbes’ 'Middle East’s Most Influential Women' 2018!

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Throughout the history, the powerful women of Egypt who ruled Ancient Egypt were the unusual wonders of their time, like Cleopatra, Hatshepsut, and Nefertiti.

The extraordinary traits in the Egyptian women have not gone extinct throughout the generations, and it is still being transferred from one great generation to the next one. This year, it was really proven as 20 Egyptian women have made it to Forbes Middle East’s Most Influential Women of 2018.

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The extraordinary traits in the Egyptian women have not gone extinct throughout the generations, and it is still being transferred from one great generation to the next one. (Scoop Empire)

© Scoop Empire 2018. All rights reserved.

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MIDDLE EASTERN (B)

Dubai's Skyscrapers Aren't Turning Heads at Cityscape Global. It's Blockchain Strategy Is.

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Dubai’s drive to become a global blockchain technology hub has been backed to transform the UAE real estate industry by leading developers behind more than 200 combined projects in different stages of development.

Master developers Azizi Developments and IMKAN Properties are among the major forces in the property market putting a spotlight on the Dubai Blockchain Strategy as a revolutionary initiative in the countdown to next month’s Cityscape Global real estate showcase, proving that the technology is poised to have a significant impact on the real estate sector.

Blockchain promises to revolutionise key aspects of the real estate value chain. (Shutterstock)

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INDIAN (B)

Aadhaar helping save Rs 90,000 cr a year: Jaitley

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“It is a historic judgement and the whole concept of unique identification number that has been accepted after judicial review is an extremely welcome decision,” Arun Jaitley said. Earlier, the Supreme Court had held that Aadhaar is constitutionally valid but had struck down some of its provisions, including its linking with bank accounts and mobile phone connections.



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MIDDLE EASTERN (B)

IMF's $12 Billion Fund Ranks Egypt's Economic Growth Highest in Middle East

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Following a meeting with president Abdel Fattah al-Sisi in New York, International Monetary Fund (IMF) Managing Director Christine Lagarde stated that Egypt’s economy was showing strong signs of recovery.

The statement, which was published on the IMF’s official website, was issued on Sunday after the 73rd session of the United Nations General Assembly (UNGA 73).

Lagarde statements followed a meeting with President Abdel Fattah al-Sisi in New York on the sidelines of the 73rd session of the United Nations General Assembly (UNGA 73).

In exchange for issuing the $12bn loan program, Egypt devalued its currency in November last year and cut down on state subsidies. (Shutterstock)

Copyright © 2018 Arab Finance Brokerage Company All rights reserved.

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