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While Qatar will host the 2022 World Cup, Dubai aims to attract 20 million visitors per year by the time it hosts Expo 2020. (Twitter)
August 24, 2016 - 14:00 GMT
Alpen Capital forecasts a growth of over 10 percent annually until 2020 in the UAE and Qatar, driven by big events and tourism development.
The Mark V is a medium-range transport and patrol boat used by U.S. Special Operations Forces for insertion and extraction of SEAL combat swimmers as well as coastal patrol. (Wikipedia)
August 24, 2016 - 13:00 GMT
The US Department of State approved the proposed $124 million sale of Mark V fast patrol boats, weapons, ammunition and training to Qatar.
In a trend reflected throughout the Gulf, Saudi Arabia has also turned to international markets to borrow money, raising a $10 billion international loan last month.  (Shutterstock)
August 24, 2016 - 12:00 GMT
Saudi Arabia continues its fundraising efforts with another SR20 billion domestic bond offer.
Kuwait  is expected to require several new power stations between 2020 and 2030. (Pixabay)
August 24, 2016 - 10:34 GMT
Kuwait’s Ministry of Electricity and Water have scrapped plans to build a nuclear power plant, arguing that alternative energy sources are more cost effective.
Bahrain is implementing a royal order to provide 40,000 units for citizens with housing projects nationwide. (File photo)
August 24, 2016 - 09:30 GMT
Kuwait will finance $293M to build 1247 housing units in Bahrain while the UAE will fund housing and infrastructure projects worth over $102M.
Higher oil prices will benefit Kuwait, the UAE and Oman the most by reducing the current account deficits by an average of four to seven percent of GDP.
August 24, 2016 - 08:30 GMT
The ratings agency forecasts short-term effects of higher oil prices would led to narrower fiscal and current account deficits than it previously expected, GCC sovereigns' credit profiles would remain under stress.
Nepal’s government believes an outside investor-led expansion would give the airline a greater share of passenger traffic, of which over 90 per cent of the market is at present controlled by foreign airlines. (Wikimedia Commons)
August 24, 2016 - 07:26 GMT
The state-owned carrier is in the midst of a turnaround and could sell as much as 51 percent of the airline to Nepalese or foreign investors and retain minority ownership.
The Kuwaiti Fund loan to finance the project will be repaid in instalments over 20 years, with a five-year grace period. (Shutterstock)
August 24, 2016 - 06:00 GMT
The long-awaited project will help boost the two countries’ total power-generation capacity by linking the power stations in the city of Badr in Egypt, and the two Saudi cities of Medina and Tabuk.
Sudan has  no restrictions on gold exportation, meaning that investing companies can export all the gold they produce. (Shutterstock)
August 24, 2016 - 05:21 GMT
The Sudanese government is pulling out all the stops to facilitate procedures for gold mining investors from Qatar, UAE and Saudi Arabia.
Egypt's President Sisi and the UAE's Mohammed bin Zayed Al Nahyan during the latter's visit to Cairo in April 2016. (File photo)
August 23, 2016 - 13:30 GMT
The deal follows Egypt's appeal to Arabia last week to help provide financial aid in order to meet the terms of a $12B IMF fund facility.
The Education Ministry plans to introduce double shifts at 102 schools where Syrian students are enrolled, bringing the total number of schools working on two shifts to 200. (File photo)
August 23, 2016 - 12:30 GMT
Grants for the education sector from the UK's DFID, USAID, and the Norwegian and Swiss governments followed their commitments at the London donor conference.
The Four Seasons Hotel, Cairo. (Four Seasons)
August 23, 2016 - 11:30 GMT
The arrival of a Russian delegation to Egypt to inspect airport security will be followed by an International Civil Aviation Organisation inspection at the end of 2016.
The King Fahd Causeway linking Bahrain and Saudi Arabia. (Wajahat Mahmood/Flickr)
August 23, 2016 - 10:17 GMT
A 40km long bridge between Al Ahsa and Bahrain, and a 25km long bridge Al Ahsa and Qatar was first proposed in May.
In the UAE, the first most affected sector for spear phishing is finance, followed by oil and gas.  (Shutterstock)
August 23, 2016 - 08:30 GMT
A new joint venture between Etisalat and Dubai South aims to cater for the rising demand for cybersecurity amid reports that the UAE is one of the top three most targeted countries for cyber attacks.
Stari Most, a 16th-century Ottoman bridge in the city of Mostar in Bosnia and Herzegovina. (Shutterstock)
August 23, 2016 - 07:30 GMT
The natural beauty and low prices of Eastern Europe are proving to be a big draw for Saudi tourists, in comparison to the high costs of domestic tourism.
The first phase of the project includes 224 properties in three separate residential zones, and two five-star hotels to be run by The Jumeirah Group. (Jumeirah Group)
August 23, 2016 - 06:40 GMT
The Omran project spans 2.2-sq-km and will offer residential units, recreational facilities a beachfront luxury resort hotel and a boutique hotel.