March 30, 2014
Despite falling tourism revenues, the current account was able to achieve a surplus due to grants received from Gulf states in the three months following the removal of Muslim Brotherhood president Mohamed Morsi.
NBK estimated the country’s trade balance will shrink further in 2014 but stated that it will still remain substantial
Business IT spending in the UAE is forecast to reach $4.36 billion in 2014, increasing 8.3 per cent year-on-year, according to a report from International Data Corporation (IDC).
Companies around the world are eager to find out what the temporary relaxation of sanctions, in addition to the future expected lifting of sanctions, could mean for accessing the Iranian market.
Russia's Lukoil has started its commercial production operations near Iraq's Basra this week.
Etisalat is now upgrading smartphone service up to 3g for Emirati customers for whopping $82.
Souq.com, an aptly named domain for the Arabic term for ‘shopping markets’, was started nearly around a decade ago in 2005 and formed one of the major revolutionising business paradigm for the Middle Eastern region.
Ambitious economic goals, like making Turkey one of the world's 10 largest economies are now less likely than ever before, according to market analysts.
March 28, 2014
Qatar will buy 22 NH90 military helicopters from a unit of European aerospace group Airbus worth nearly two billion euros ($2.8 billion), the French defense ministry said Thursday.
Shaikh Mohammed said: “The aim is to make smart services part of the daily life of the society. The smarter the services are, the happier people become.”
March 27, 2014
American firms Parsons and Halcrow will begin next phase of construction plan, awarded by Dubai's Roads and Transport Authority.
Dubai's Department of Tourism and Commerce announced this week that it is on track to reach one of its key Dubai Vision 2020 objectives: to attract 20 million tourists annually.
Lebanon’s budget deficit in 2013 rose slightly to 30.94 percent (or $4.2 billion) of spending compared to 29.47 percent (or $3.9 billion) in 2012.
A Russian industrial zone focused on producing agriculture machinery and equipment will be established in Egypt.
Out of 1000 residents polled, around 16 per cent of the respondents said they doubted if the event would deliver any benefits once it is over.