October 22, 2013
Bank Audi posted net earnings of $261 million in the first nine months of 2013 compared to $277 million in the corresponding period of 2012, according to a statement released Sunday.
The solar project is part of the emirate's plan to diversify its energy mix and reduce dependency on oil and gas.
According to economists, the move is a sign of sound confidence in the local currency and an indication of a high level of foreign currency deposits at Jordan's central bank.
According to Alpen Capital’s revised 2013 GCC Food Industry Report, the GCC region will consume 49.1 million tonnes of food annually by the end of 2017, with the UAE to be the largest consumer in per capita terms.
October 21, 2013
Finance Minister Umayya Toukan on Sunday said that the government is set to issue the US-guaranteed eurobonds on international markets on October 28, the Jordan News Agency, Petra, reported.
Egypt’s petroleum products supply is sufficient until the end of the current year due to Arab Gulf aid and available funds for imports, state-owned Al-Ahram daily newspaper reported Sunday.
Human resource supervisors in private companies told Arab News that their companies will transfer sponsorships of expat workers who are crucial to them, while releasing other part-timers due to difficulties in changing their sponsorships.
Egypt’s stocks hit a two-year high during Sunday trading as investors resumed their optimistic outlook on the political situation in the country.
A major government crackdown on people who bribe public officials is underway in Bahrain, a report said.
Oman’s inflation rate in August 2013 is the lowest compared to other GCC countries.
Paris-based Technip, a world leader in the energy management industry, said it has won a key engineering, procurement, installation and commissioning contract for a strategically important offshore project from Qatar Petroleum.
October 20, 2013
Ministries of Interior and Labor have started sending text messages to citizens, companies and establishments warning them against employing illegal expatriates and having financial dealings with them.
Pilgrims spent around 18 billion Saudi riyals across all sectors, compared to around 26bn riyals during hajj 2012.
According to a ministry statement e-mailed to The Jordan Times, the violators were mainly Egyptians (7,296) and Syrians (5,229).
October 18, 2013
Around 65 percent of private equity professionals investing within the MENA region expect an increase in investment activity over the next year, according to a Deloitte private equity confidence survey.