Shaikh Hamdan Bin Mohammad said that Islamic economy is witnessing accelerated growth across all sectors (image: on file).
April 21, 2015 - 08:18 GMT
The initiatives include the launch of the second Islamic Economy Index, the third edition of the Islamic Economy Award, the second Global Islamic Economy Summit.
As of the first three months of the year, businesses such as Saudi Aramco are still recruiting expatriates
April 21, 2015 - 07:58 GMT
Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring.
US undersecretary of commerce for international trade says a lot of work to be done before reaching a final agreement with Iran
April 20, 2015 - 18:32 GMT
A lot of international companies are knocking the doors of Iran for investment especially in the energy sector, Iranian officials recently said.
The government is currently negotiating a $500 million loan from the World Bank to build affordable housing (image: on file).
April 20, 2015 - 18:27 GMT
The Arab country’s economy is recovering from four years of political upheaval.
SABIC plans to cut costs and is well positioned to deliver sustainable growth.
April 20, 2015 - 17:36 GMT
SABIC reported a 39 percent decline in first-quarter profit to SR3.93 billion ($1.05 billion) as average sales prices dropped following a slump in global crude prices.
Kampac said the project is likely to take up to 15 years for completion, with the first phase expected to be ready as early as 2018.
April 20, 2015 - 06:55 GMT
Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion.
The initial subscribed capital of AIIB will be $50 billion and is planned to be increased to $100 billion (image: on file).
April 20, 2015 - 05:55 GMT
Jordan and 56 other countries will be founding members of the China-led Asian Infrastructure Investment Bank (AIIB),
A power station will come up on a sprawling 50,000 sq m land at Dagharah area, while another one will be built on a 50,000 to 60,000 sq m site at Al-Suniyah area (image: on file).
April 20, 2015 - 05:55 GMT
Iraq's electricity ministry has invited expressions of interest from major companies for the construction of three solar power stations and a wind power plant.
The Council will take its decision after examining the report of the finance committee (image: on file).
April 19, 2015 - 21:19 GMT
The Shoura Council on Monday will vote on a proposal to convert the proposed sports stadiums into fully fledged sports villages.
The Transportation and Telecommunications Ministry has given local agents Taj Al Khaleej Travel and Tourism official permission to make the arrangements. (Image: Wikimedia Commons)
April 19, 2015 - 14:21 GMT
Syrian Air is set to resume flights to and from Bahrain from May 2, a report said.
According to the resolution, the MBRSC is mandated to develop research, projects and studies on space.
April 19, 2015 - 13:50 GMT
The center will support UAE's drive for advancing this sector and for building national capabilities related to the space knowledge and science.