September 29, 2013
According to experts, the cement demand in the GCC will exceed $49 billion in the next two years where Saudi share alone will account for 61.22 percent of the overall Gulf demand and consumption.
A total of 700 workers on strike are from India and Pakistan, with 150 hailing from Bangladesh, Nepal and Turkey. They claim they have not been paid for five months.
The government on Thursday said that Jordan needs $850 million in additional international assistance should the country’s Syrian refugee community surpass one million persons as forecast by UN agencies.
The UAE is considering whether to impose a tax on the billions of dollars which foreign guest workers send back to their home countries every year, government and banking sources said.
Shaikha Lubna Bint Khalid Al Qasimi, Minister of Development and International Cooperation, has discussed ways of cooperation with a number of international ministers and officials.
September 28, 2013
BlackBerry said on Friday that it lost $965 million in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian smartphone maker.
September 26, 2013
The trade license will allow the LA Lakers’ player to operate a business from Dubai that will be owned entirely by him with no corporate taxes levied on the business.
Jordanian expatriates and Arab visitors boosted clothing sales in summer, offsetting a slowdown in domestic consumer spending, according to a leading merchant.
The new venture is estimated to create up to 3,000 jobs for Saudi professional females.
The airline company has to raise $22 billion over the next four years to finance its aircraft deliveries, an average of $5.5 billion a year.
Qatar Airways has come under scrutiny on Wednesday after it was accused of forcing its female workers to seek permission from the company when they decide to get married and notify them of pregnancy.
"It [the visit] has created connections between the private sectors of the two countries which will hopefully be transformed into new joint ventures."
September 25, 2013
"Some of the highest net spenders this summer have been clubs with Middle East based ownership. Both the financial backing of the ownership, as well as the impressive revenue growth achieved in recent years, have allowed clubs such as Manchester City and Paris Saint-Germain to again compete at the very top of the market to attract leading talent".
“Those who prove their efficiency would survive and those who fail to do so will be removed from their posts.”
“The results have been very satisfying so far this year with the airport achieving traffic growth rate well over the projected figures.