September 18, 2014
Egypt's finance minister is predicting growth rates of up to 6 percent within three years, which would mark a major turnaround following three years of political turmoil that has crippled the economy.
September 17, 2014
The Middle East experienced a decline in its billionaire population over the past year.
German Chancellor Angela Merkel said she expected cooperation with Qatar in the energy sector to grow in the years ahead, saying progress was already being made in the area of liquefied natural gas (LNG)
The foundation work for the state-of-the-art school has begun at a cost of BD4.6 million ($12.2 million), it added.
Its report, issued three weeks after a truce, said a strong world response to rebuilding needs could ultimately spur economic growth.
İstanbul housing prices shot up 21.65 percent in August year-on-year, according to figures from real estate market analyst Reidin.
China’s foreign direct investment in August fell to a low not seen in at least two and a half years, underscoring the challenges to growth facing the world’s second-biggest economy.
The expansive Dubai Trade Centre-Jebel Ali complex features a centrepiece Dubai Expo 2020 gated facility spread across 150 hectares and a surrounding residential, hospitality and logistics zone.
The Suez Canal corridor project planned by a consortium led by Dar Al-Handasah will cost $220 billion over fifteen years, said Ashraf Salman, Egypt's investment minister,
The UAE has approved the construction of two additional nuclear power reactors at the Barakah site in the Western Region of the Abu Dhabi emirate by the Emirates Nuclear Energy Corporation (Enec)
September 16, 2014
The original in-absentia ruling had been appealed in July, but Sawiris, former CEO of construction and fertilizer producer Orascom Construction Industries, failed to attend the appeals court session on Sunday.
Arabtec "does not have the information" on such a deal, it said in a bourse statement.
Investment Corp of Dubai (ICD), the UAE emirate's sovereign wealth fund, will be developing a 800-room luxury hotel on Palm Jumeirah at a cost of $1.5 billion in partnership with Kerzner International Holdings.
Fund-raising has closed and Egyptians will no longer be able to buy the investment certificates now that the initial goal of 60 billion pounds ($8 billion) has been exceeded, the governor said.
That signaled stronger growth of output across global emerging markets, led mainly by a sharper increase in Chinese service sector activity.