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12 مايو 2014

Last year, extra supplies of liquefied natural gas from former ally Qatar helped ease the burden.
04:55 بتوقيت جرينتش

The government said last week that gifted fuel from Gulf nations including Saudi Arabia that supported Mursi’s ouster last July totalled $6bn.

The interim government’s stimulus plan, which was said to span between six to nine months starting from late August 2013, amounts to EGP 29.6bn and aimed at generating 3% economic growth over the fiscal year 2013/2014.
03:55 بتوقيت جرينتش

The minister pointed out that by the end of April 60% of the first stimulus package projects, which started in November, was completed.

“The first challenge, or the big one, is how to restore the political stability,” the minister said, but said it was an issue where the country is on the right track.
03:55 بتوقيت جرينتش

El-Araby stressed that the private sector “has always been and will continue to be the main player in the Egyptian economy.”

Eight of KSE’s sectors ended last week in the red zone, three recorded increases, whereas the Health Care sector’s index closed with no change from the week before
03:55 بتوقيت جرينتش

Kuwait Stock Exchange (KSE) ended last week in the red zone

11 مايو 2014

Qatar’s bourse has officially reported that the combined first-quarter net profit of all but two companies amounted to QR11.1 billion, up 8.6 per cent year on year.
20:25 بتوقيت جرينتش

Dubai’s bourse has outpaced other Gulf markets by a wide margin in terms of companies’ first-quarter profit growth,

The Qazvin-Rasht-Astara railway is estimated to carry 1.4 million passengers and 5-7 million tons of cargo per year.
17:57 بتوقيت جرينتش

Russia has agreed to build the Rasht-Astara railway which stretches 167 kilometers in northwestern part of Iran.

Iran's vice president for legal affairs Elham Aminzadeh said "some sanctions have been lifted. But problems continue."
17:33 بتوقيت جرينتش

Iran's deputy oil minister for petrochemicals, said "nothing has changed compared with last year" in terms of petrochemical sales to the EU.

Lebanon’s primary budget turned negative in 2012 and deteriorated further in 2013 to 141 percent of GDP as the government came under pressure to spend and economic activity dropped, the IMF report said.
06:00 بتوقيت جرينتش

Political jockeying and sectarian tensions have slowed or stalled action needed to tackle Lebanon’s financial problems.

Fawry is a bilingual Arabic-English platform which allows customers to pay for services either online, via mobile phone, or at a point of sale machine.
05:55 بتوقيت جرينتش

Launched in Egypt in 2009, the payment service has since taken off fast in a country where under 10 percent of the adult population have an account at a formal financial institution, according to the World Bank.

Over the years, GE has developed several successful co-op programs with leading Saudi institutions
04:55 بتوقيت جرينتش

As part of its $1 billion investment commitment to the Kingdom, GE has joined hands with Saudi Aramco and Tata Consultancy Services (TCS) to launch the first all-female business process services center in Riyadh, Kingdom of Saudi Arabia.

The new system will save time and money and speed up completion of accident reports.
03:55 بتوقيت جرينتش

The programme will have electronic maps linked to satellites to determine accident sites and will allow the reconstruction of the accident scene.

Emirates announced earlier this year that it would reduce flights to 41 destinations during the 80-day airport runway upgrade programme, which began on May 1.
03:55 بتوقيت جرينتش

Dubai-based Emirates Airline will lose Dhs1 billion (272 million USD) in revenues due to runway upgrade work at the Dubai International Airport in 2014, but the amount will be recovered within the year, the carrier’s chairman has said.

“However, there’s still a majority of companies that do not plan to make any increases this year, waiting to see what happens in 2014,” Gomes told Gulf News.
03:55 بتوقيت جرينتش

Workers have been hoping for a relief from rising rents, which rose on average by 22 per cent last year, and increasing cost of commodities and services.

8 مايو 2014

“The WHO does not recommend the application of any travel or trade restrictions, including for upcoming pilgrimage travel to Saudi Arabia,” a statement issued by the organization said.
00:08 بتوقيت جرينتش

The World Health Organization said on Wednesday that there is no travel ban for Saudi Arabia as a result of increasing MERS cases in the country.

It is targeting global players in high-margin sectors such as oil and gas, power plants, infrastructure, and facility management of huge industrial plants, he said.
15:42 بتوقيت جرينتش

Dubai builder Arabtec said its first-quarter net profit more doubled on the back of a strong delivery of projects and growth in its Gulf businesses.