December 16, 2013
Bahrain's economy grew 4.6 percent over the past year based on third quarter data.
A special company was established for the project in which the winning consortium has a stake of 40 percent and the government holds 10 percent, while 50 percent is to be distributed to citizens as free shares
One-way tickets between Dubai and Manila are going for a whopping $27 this holiday season!
Bahrain will implement a unified GCC labor law to regulate domestic workers starting next year, and other GCC countries are expected to follow suit.
Sotheby’s International Realty, a luxury real estate brokerage agency, is setting up an office in Dubai, entering the market at the right time to catch up with the growing potential of the emirate’s realty sector,
Recent studies reveal that total investments in the plastics sector in Saudi Arabia have reached $50 billion, affirming the strength of the market.
Qatar is expected to show the strongest medium term growth.
Iran has suspended a USD 250 million loan to Pakistan to build part of a pipeline project for importing natural gas from the Islamic Republic.
National Bank of Kuwait (NBK) is participating in a consortium of international banks to arrange a loan of $1.43 billion to finance the first phase of the Az-Zour North Power and Desalination Project in Kuwait.
Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with SNTTA Cargo, the logistics division of Liberty Investment Co, (LIC), the holding company of the Liberty Group.
December 15, 2013
As per the agreement, both companies will conduct geological and geophysical studies upon which exploration wells will be proposed for drilling during the exploration period.
The survey found that the Venezuelan capital, Caracas, is currently the most expensive place in the world for expatriates, but where do Arab states stand?
Dubai’s hosting of the World Expo will be a major catalyst for the remittance market, as it will attract more expatriates into the country and drive the GDP.
Al Islami Foods, the leading halal food company in the Middle East, will soon be establishing a permanent presence in Russia, Azerbaijan and other countries in the Commonwealth of Independent States.
The RTA will run the technical run of the tram in the depot’s rails, and the test run will then be carried out along a distance of about 2km.