November 12, 2013
Senior officials at the IMF and Iran have met to discuss reforms needed to combat inflation and spike growth in the economy.
The inflow of infrastructure investments into the region due to an increasing population, and upcoming events such as the 2022 FIFA World Cup is creating such opportunities for the GCC LED lighting market.
Air Arabia on Monday declared 14 per cent growth in its nine-month revenues despite continued political instability in regional travel market.
Egypt will finalise a tender for the development of the Suez Canal by the end of the month,
“We do not influence the Egyptian economy in any way,” said Ali. “The Egyptian military does own several factories and companies, but their purpose is developmental rather than for profit.”
November 11, 2013
And the IMF does it again...
Saudi Prince Alwaleed Bin Talal and Kingdom Holding Company reported that their combined investment in Twitter increased to 200 percent on the first day of trading.
Abu Dhabi is projected to expand its retail scene around 798, 966 square meters over the next 4 years.
Bahrain's labor fund Tamkeen has launched an enhanced career progression programme to help employers address performance gaps among their Bahraini employees through training opportunities to allow them "to develop competencies related to their work."
German airline Lufthansa announced this week that it will end all direct flights to Sudan in January for economic reasons.
Regional ministers blamed energy subsidies in the Middle East as the root cause of excessive energy consumption in the GCC during Sunday's opening day of the Abu Dhabi International Petroleum Exhibition and Conference.
Investment in the hotel industry across Europe, Middle East and Africa (EMEA) reached 53 percent in the first 9 months of 2013, with GCC opening 150 new hotels this year to accommodate tourism in the region that is growing at a compound annual rate of 8.5%.
The pent up global demand for Islamic pension funds is currently between $160 billion and $190 billion.
Country has significant gas reserves and could play an important role as an energy exporter as global energy demands increase
London Mayor Boris Johnson has said that the UK will iron out any difficulties faced by Kuwaiti investors interested in British investments, according to Kuwait’s official news agency KUNA.