November 10, 2013
Abu Dhabi's National Energy Company TAQA has agreed to sell its 40 percent stake of its natural gas pipeline in the Netherlands to a Danish pension fund for $240 million.
Qatar Holding joined the group led by BlackBerry’s largest shareholder Fairfax Financial Holdings in making the cash infusion after the company abandoned hopes of finding a buyer earlier this month.
The Middle East and North Africa region will witness a massive wave of investments in the power and water sector.
They normally spend billions on buying planes, but now they’ve made one for themselves.
he event will feature a selection of luxury categories such as fine art, high-end jewellery, fashion, handcrafted time pieces, designer furniture and exquisite table settings, luxury automobiles, fine dining, private aviation and luxury travel.
November 7, 2013
The violence has left Syrians in poverty, making the cost of a KFC meal beyond the reach of many.
A water crisis is looming in this port city as many drivers of water trucks have stopped working fearing arrest.
Brokers are projecting that the Beirut Stock Exchange will continue to see "lackluster trading" in 2014 due to the country's political stalemate and the region's turmoil more generally.
Investment shortages in the GCC agricultural sector has made the estimated food gap reach $23 billion, which represents more than 100 percent increase since 2011.
Abu Dhabi's larger property developer Aldar Properties reported a 98 percent increase in their third-quarter net profit Thursday
The Wealth-X and UBS Billionaire Census report released this week ranks Saudi Arabia as the country with the most billionaires in the Middle East with 64 individuals claiming the title. Riyadh ranked first at the city level, with UAE and Dubai following in second.
Propelled by vibrant growth in two sectors, Dubai’s economy is headed for the fastest expansion in six years.
Etisalat’s bid made perfect sense as it has strong presence in Africa, where Maroc Telecom is also a key player.
"Islamic finance is a big growth area in the Middle East as it is growing 50 per cent faster than the overall banking sector," Mr Balasubramanian said.
November 6, 2013
The Disi project, which was launched on July 10, now pumps 90mcm per year to Amman and other governorates and “will reach its maximum capacity soon,