February 19, 2014
In December, Abdel Nour announced that EGP 1.5bn will be allocated to build the infrastructure for 32 industrial zones in 22 different governorates.
February 18, 2014
Net profit in the three months to the end of December was 14 million Kuwaiti dinars ($49.7 million), compared to 8 million dinars in the same period last year, the group said in a statement.
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
Qatar Airways will launch business class-only travel from Doha to London Heathrow in May 2014.
Qatar opened QGold, an online trade site for gold and silver this week.
A three-storey shopping mall opening soon in Juffair will create up to 300 new jobs.
The consumption of natural gas in the sultanate grew by 3.2 per cent in 2013, mainly on the increased use of gas in oilfields and growing demand from industrial projects.
The cost of railway project connecting the Gulf Cooperation Council (GCC), including the linking of Bahrain and Saudi Arabia through a bridge, is expected to be around $15.4 billion.
Last week, official news agency Saba quoted unnamed judicial sources as saying the government’s Public Funds Prosecution service, had started to probe the arrangement with Total.
“Although we appreciate Ms. Helou's feelings, the case should not in any way turn into a campaign to depict the company as heartless,” the statement said.
The CAOwas accused of covering up financial crimes carried out by the regime of ousted president Hosni Mubarak.
February 17, 2014
“The government has a long term plan which aims to generate 5500 MW through the use of traditional energy resources and 250 MW, through renewable energy, by 2027,” Oumran said.
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was AED 12bn, nearly three times the amount in 2012.
UAE is ranked the fourth most attractive education destination in the world for students looking to pursue their studies abroad.
A new report suggests that 38 percent of entrepreneurs in Jordan are women, exceeding the international average rate of 33 percent.