July 25, 2013
Abu Dhabi will see existing residential supply augmented by the handover of 3,500 units and a rush of standalone tower projects during the second half of the year, offering mid-level investors a wide choice of properties.
The main objective behind the plan is to reduce the export of raw petrochemical products and to create added value and new jobs.
Iran has approved $540 million worth of new foreign investment plans.
UAE markets fell on Wednesday with Dubai's retreat led by real estate and mortgage provider stocks, as investors indulged in profit taking.
July 24, 2013
Iran's average gasoline consumption stood at 62.7 million liters per day in the week to July 19, the IRNA News Agency reported.
Turkey intends to invest up to 2 billion lira in energy projects in the south-eastern provinces of the country in the near future.
Local shop owners have said sales have increased by up to 25 percent from just a month ago after a drop in gold prices in the Kingdom and around the world.
The outlook for new resorts and hotels in Oman looks promising with over 3,000 hotel rooms due for completion by the end of 2014.
The price of vegetables and fruits has tripled during Ramadan. This happens yearly, as demand reportedly increases by up to 15 percent.
The UAE share markets continued to rise on Tuesday in line with the improved global risk sentiments and in anticipation of strong fiscal second quarter earnings of locally-listed blue-chip companies.
The hospitality industry in the GCC, home to world-class hotels and recreation facilities, is poised to grow at 6.93 per cent to reach $24.92 billion by 2016, a report issued by Kuwait Financial Centre yesterday said.
Washington is concerned about a $14.8 billion gas deal, which was signed by Iran and Iraq on Sunday, according to which Iran will supply Iraq with natural gas for four years.
July 23, 2013
Software manufacturer Apple has confirmed that its development centre has been hacked leading to a network failure for more than three days.
Bahrain’s residential market witnessed an increased level of activity with a number of new developments being announced in the second quarter of the year, said a report.
Cash deposits in the Central Bank of the UAE amounted to Dh79.9 billion while cash withdrawals were Dh82.1 billion by end of May, leading to coins problem in the market.