March 26, 2014
According to the cabinet’s Monday statement, the project is part of a larger electricity linkage system between Egypt and Gulf countries.
The IMF team noted that GCC regulators are expected to follow the new Basel III liquidity requirements, but there may be challenges in agreeing on definitions of liquid assets and in developing market liquidity.
March 25, 2014
Online sales in the Gulf Cooperation Council (GCC) countries are forecast to grow to $15 billion next year according to PayPal.
The GCC rift, sparked after Manama, Riyadh and Abu Dhabi withdrew their ambassadors in Doha to protest against Qatar non-compliance with pan-Gulf agreements, has proved too formidable to be addressed at the summit.
Etihad Airways has received government and regulatory approval to move forward with its partnership deal with airline Air Serbia.
Egypt's Electrical Agency has launched an internet application that is designed to help Egyptians reduce their electricity consumption ahead of the summer blackout season.
Saudi Arabia's legislation over the past few months has forced more than 50 per cent of KSA contracting firms to close their doors.
The Sudanese ministry of finance of Sudan signed a number of agreements China in the fields of launching new oil exploration efforts, development projects in addition to the approval of additional loans.
While the business tourism sector currently accounts for 20 per cent of tourism in Dubai, experts project it will grow at the same pace as tourism in the emirate.
London has taken in over 11.7 billion pounds of Islamic investment in the last 10 years, making it the largest Islamic financial center in the Western world.
Bank al Etihad on Monday announced that its internal auditing process has unveiled an embezzlement case concerning withdrawal of JD207,000 using two fake credit cards.
In the region, Yahoo has partnered with Egyptian comedian Ahmed Helmy and will be sending him to Brazil during the tournament to provide entertaining Arabic content around football, the firm confirmed.
March 24, 2014
The new Audi A8 L was released in the Bahrain market this week.
Saudi Arabia is projected to be the most competitive economy by 2020 due to its integration and development of its IT sector and solutions.
Dubai expects to attract one million cruise tourists by 2020.