February 3, 2014
The report attributed the spike in rents to continued unrest in the wider Arab region, Dubai’s successful Expo bid and an expanding economy.
One of the region's largest construction firms, Arabtec, is planning to recruit 10,000 youth from across the Middle East and North African region as the firm expands its operations.
EU nations are preparing (and competing!) for Tehran investments following the easing of sanctions against the country.
Over 70 per cent of the construction work at the new Muscat International Airport has been completed
Italian prime minister said he had “very successful’’ talks with the UAE leadership that covered variety of issues including regional and international situation, including Iran, Egypt and Syria.
This is good news for a nation that is struggling to reduce ballooning current account deficit.
February 2, 2014
Managers of the $60 billion fund were apparently confused about what they were investing in due to their “extremely limited in-house financial expertise,” and were exploited by “Goldman’s considerable financial experience,” it added.
Al-Humaidhi expressed optimism about the Egyptian economy's recovery, and stressed Kuwait's availability to help.
Following the implementation of a nuclear deal between the Islamic Republic and the six world powers, Tehran has received the first installment of its $4.2-billion funds previously blocked overseas.
OPEC's oil output has risen since its December low due to a partial recovery in Libya's oil supply.
As Gulf populations age, the region is becoming more concerned with the lack of skill development within its healthcare sector.
Oman’s efforts aimed at building trade infrastructure and diversifying its economy will help the country become a major player in global trade.
More and more tourists are flocking to Abu Dhabi for leisure rather than business tourism, according to Emirates News Agency.
Crude exports from Iraq declined in January to an average of 2.228 million barrels per day (bpd) but should rise next month, Oil Minister Abdul Kareem Luaibi said.
“At this point, the UAE’s shipbuilding growth appears really unstoppable.