August 23, 2013
Abu Dhabi and Dubai indices ended the week in positive territory compared to last week, when both closed lower.
August 22, 2013
The water features were specially designed to convey the message of Constitution Gardens, which aim to tell the story of the state of Kuwait before and after its formation.
ODB, which had a net loan portfolio of 100 million rials ($260 million) as of August 2012, already offers interest-free loans of up to 5,000 rials but they are technically not sharia-compliant.
The drop was attributed to a decline in the number of tourists seeking therapeutic services in the past few months and the drop of tourists in general in July, 2013.
August 21, 2013
"Is someone playing foul? I do not know. But this is strange.”
With every one in seven people in the world using Facebook, its CEO Mark Zuckerberg said that the project will be good for the world rather than something that is going to be really amazing for their profits.
The program comes in the framework of the Programme for the Support for Partnership, reforms and Inclusive Growth (SPRING).
The Central Bank of Iran has announced that the inflation rate for the 12-month period ended the fourth Iranian calendar month of Tir (July 22, 2013) compared to the same period in the previous year hit 37.5 percent.
"Kuwaitization" was created by the government a few years ago to encourage Kuwaitis to work in the private sector as there were no available vacancies in the public sector for fresh graduates
General Motors, Electrolux, Shell and BASF returned to business in Egypt
Various other indictors also marked a steady increase/
August 20, 2013
More than half of the companies in the Middle East and North Africa (MENA) are considering hiring in the next 3 months.
The new budget accomodates for 34 new research and training facilities and laboratories.
Planning and International Cooperation Minister Ibrahim Saif noted that the World Bank had extended a $70-million soft loan to Jordan earlier this year to finance SMEs, adding the funds are currently deposited at the Central Bank of Jordan.
The GCC’s positive performance is further accentuated when placed in the context of developing economy and world FDI flows, both of which declined in 2012.