October 18, 2013
Although a contraction in the oil sector has affected real GDP growth, the consumer continues to be buoyed by gains made in the non-hydrocarbon sector as well as by high governmental expenditure.
A successful Dubai Expo 2020 bid would be a ‘major game changer’ for the regions burgeoning real estate sector, according to Danube Founder & Chairman Rizwan Sajan.
Kuwaitis and expatriates spent around KD280 million over the last seven days as part of preparations for the Eid Al- Adha holidays, reports Al-Kuwaitiya daily quoting sources.
Although the commercial sector in the Kingdom is facing a slowdown due to a drop in consumer spending, suppliers of luxury goods describe the demand for the expensive items as “good” and even surging.
October 14, 2013
While restaurants and food stalls near the Grand Mosque remain busy, gold stores remained empty, with shopkeepers looking bored, flicking through magazines and playing with mobile phones.
Hotel prices in Dubai are now considered the highest worldwide.
Governments in the MENA need to create around one hundred million jobs
October 13, 2013
The global economic recovery continues with improvements in long-lagging advanced economies but moderating growth in emerging markets, the International Monetary Fund’s managing committee has said.
The International Monetary Fund (IMF) executive board has agreed to dispense the third tranche of its “Stand-By Arrangement” (SBA) loan for Jordan to finance projects at a total of $258 million.
October 12, 2013
Drydocks World and Maritime World, , and a high-level delegation from Egypt’s Suez Canal Authority, have agreed to discuss potential joint projects within the strategic plans for Suez Canal development.
October 10, 2013
The completed first phase of Dubai’s Dh12 billion Mohammed bin Rashid Al Maktoum Solar Park will be launched on October 22, the chief of the emirate’s utility company announced on Thursday.
The Galaxy Round is Samsung’s attempt to gauge consumer appetite for curved phones
The world’s 16th largest foreign aid donor last year, the UAE spent Dh5.83 billion in grants and loans to 137 countries and regions around the world.
October 9, 2013
Iran’s minister of economic affairs has said it is false to think of economic improvement when sanctions are eliminated.
Political turmoil that started in Tunisia in 2011 and swept across the Arab world will cost the seven most-affected countries about $800 billion by the end of next year, according to HSBC Holdings Plc.