July 7, 2014
In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.
Gulf markets ended their worst quarter in many years, as almost all indices in the region ended the month on a negative note.
Sanaa's finances have deteriorated as it has been caught in a nationwide fight against al Qaeda militants and other rebel groups.
Already home to one of the globe’s biggest indoor shopping complexes, Dubai Mall, the glitzy emirate known for its love of grandiose projects said it is now planning to build the “Mall of the World”.
The resolution replaces old amendments to the Sales Tax Act, which were not implemented and were postponed after facing broad popular opposition.
The US has overtaken Russia and Saudi Arabia to become the largest producer of crude and natural gas liquids (NGLs) in the past six months.
Spending by GCC visitors has been quite robust since the start of the mega-football tournament.
July 6, 2014
Iran itself counts car manufacturing as its second-biggest industry after oil, accounting for 10 percent of its gross domestic product.
Anger is mounting against recent petroleum price increases after government reductions in subsidies for the sector came into effect on Saturday.
In the 2012 report, Jordan ranked 98th out of 190 countries.
Lebanon’s state-owned electricity company announced Friday that it would limit its production this summer, providing only 13 hours of electricity per day.
July 4, 2014
he OPEC member has projected a deficit in each of the past 14 fiscal years but ended each year in the black, accumulating more than $300 billion in budget surpluses.
The project will create 650 direct jobs and 2,000 indirect jobs, and will be implemented in four phases over the course of 24 to 36 months.
“Cricket enables Etihad Airways to create strong synergies between the key cricket playing nations and our major flight networks across the Indian subcontinent, Australia and the UK."
Mall of Egypt, the 160,000-square metre mega-mall being developed by Majid Al Futtaim (MAF) Properties in Cairo, is proceeding on track despite unrest in the country, a senior official confirmed.