September 18, 2012
Contracts have been awarded for the Doha metro, an ambitious scheme to produce a 212 km metro network in the capital city
The total value of exports from Al Mazunah Free Zone exceeded $11 million during the first half of the current calendar, with September seeing significant export movement to Yemen
The UAE is adopting stricter visa controls, in an effort to decrease the numbers of non-UAE citizens from labour exporting countries who seek work in a range of skilled and non-skilled sectors.
Jordan's national exports for the Great Arab Free Trade Area (GAFTA) have dropped by 6 percent during the first 7 months of this year affected by the value of exports to Iraq, Syria and Lebanon, official figures showed.
Saudi Arabia and Singapore yesterday agreed to establish a joint company with a capital of SR 100 million for investment in real estate, health, energy, water and IT projects.
Qatar Airways, the Gulf state's rapidly growing flag carrier, made a small loss in the last financial year which ended in March because of high oil prices.
The Egyptian economy took another blow as the trade deficit increased 49 per cent on the previous month, according to the lastest statistics. The increase was down to increased important as exports from 17.6 per cent in June.
The Tunisian economy has recently posted improved indicators in several areas of the economy, although the World Bank has suggested that the situation could be better if reforms are carried out
The Cabinet agreed Monday to slap taxes on profits from real estate, lottery wins and investment licenses to partially fund the new salary scale.
September 17, 2012
The beginning of the new academic year in Egypt was disrupted by strikes by two different sets of workers. Workers with the Cairo Transportation authority and the education sector employees took industrial action over pay and administrative reform.
Saudi Arabia has made the use of Arabic mandatory for all commercial and business activity. Companies that flout the law will have to pay a SR 100,000 ($26,600), which could be double, and face the closing of their business.
The Jordanian Ministry of Energy and Mineral Resources has signed an agreement with a Canadian firm to study the viability of an oil shale project in three areas of the Kingdom
Iran's chief nuclear negotiator Saeed Jalili met on Monday with Turkey's Foreign Minister Ahmet Davutoglu to discuss the resumption of international talks over Tehran's atomic program
Egypt’s cash-strapped government owes foreign energy producers at least $3 billion, as cancelled oil import tenders and lengthening queues at petrol stations point to fresh strains on fuel supplies.
Bank deposits increased the in the first quarter of 2012,it has been revealed, due to the ECB's shoring up of the European financial system.