October 17, 2014
As much as $145 billion worth of projects are currently under way or will be awarded in Oman, according to MEED projects, the region’s leading projects tracker.
The member said education authorities needed to find a solution to the problem because “education is a basic human right for everyone, whether they are a citizen or foreigner living in the Kingdom.”
A sell-off in European stocks accelerated on Wednesday, with a key index suffering its biggest one-day slide in nearly three years as investors slashed exposure to risky assets on mounting worries about global growth
October 16, 2014
The IEA again cut its forecasts for growth of global oil demand for the third month in a row.
October 15, 2014
Leading Dubai developer Damac Properties has joined forces with Paramount Hotels and Resorts to open luxury hotels across Dubai, Abu Dhabi, Jeddah and Istanbul.
UAE-based startup Amanat Holdings will invest in up to six businesses over the next two years. The firm is looking at the GCC's healthcare and education sectors.
The UAE's government will commence work on the $381 million Sheikh Mohammed bin Zayed residential city in Fujairah, according to a report.
The UAE's IT market, which was worth an estimated $4.1 billion in 2013, is expected to grow by 8.47 percent until 2018.
October 14, 2014
Kuwait's government awarded over $20.7 billion worth of contracts by the end of August, almost doubling the amount compared to 2013.
"The shekel-dollar rate has risen for the tenth successive week, reaching a peak of NIS 3.738/$ last week."
After a rocky Monday, most stock markets in the Middle East recovered with Saudi Arabia and Dubai leading the figures.
Sheikh Mohammed also said that the federal budget for 2015 will go towards health, education and social services.
The Egyptian Finance Ministry expects gross domestic product (GDP) to climb steadily and to reach 6 percent in FY 2017/18 as private sector investment rises to 15 percent of GDP.
GCC ministers will meet Tuesday to discuss how to boost tourism in the region. The delegation is due to be lead by Saudi Commission for Tourism and Antiquities President Prince Sultan bin Salman.
The UAE's national airline, Etihad, reported profits of $1.8 billion in the third quarter of 2014, an increase of 29 per cent year-on-year.