Business

Yemen: $20 million in losses at Hodeidah port

Sanaa – Ma’an – The material damage caused by the Israeli attack on the port of Hodeidah in western Yemen amounted to about $20 million, excluding oil losses, according to an official at the strategic seaport.

Israel launched an attack on the Houthi-…

Dollar jumps against shekel, trades at 3.71

Bethlehem Ma’an – Following the recent events in the north, and against the backdrop of growing fears of a security escalation in anticipation of an Israeli response in Lebanon, the dollar and the euro are recording a jump against the shekel.

The dol…

Penalties to be imposed to eliminate land hoarding: Minister

Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel el Wazir said that unprecedented penalties will be imposed in order to eliminate land hoarding.

Measures will be taken to legalize the conditions of factori…

World Bank, Egypt pledge deeper ties amid economic reforms

Ministry of Planning, Economic Development, and International Cooperation and the World Bank have vowed to deepen their partnership as the North African country presses ahead with economic reforms.

In a meeting on the sidelines of the G20 Development…