Economy & Trade
November 11, 2013
Saudi Prince Alwaleed Bin Talal and Kingdom Holding Company reported that their combined investment in Twitter increased to 200 percent on the first day of trading.
Mohammed Al Muallem, DP World’s VP, said that the dynamic changes in the shipping industry and the diversification of developing GCC economies underpin the growing efficiency of the region’s supply chain.
November 10, 2013
Embassies in Bahrain are helping the government crackdown on illegal workers in the country, estimated to be approximately 50,000.
November 7, 2013
Lenovo Group announced results for its second fiscal quarter ended September 30, 2013. Quarterly revenue was US$9.8 billion, a 13 percent increase year-over-year.
Brokers are projecting that the Beirut Stock Exchange will continue to see "lackluster trading" in 2014 due to the country's political stalemate and the region's turmoil more generally.
Investment shortages in the GCC agricultural sector has made the estimated food gap reach $23 billion, which represents more than 100 percent increase since 2011.
DP World and Kazakhstan Temir Zholy signed an agreement that will see DP World provide management advisory services for the development of the Khorgos Special Economic Zone and Inland Container Depot.
Propelled by vibrant growth in two sectors, Dubai’s economy is headed for the fastest expansion in six years.
November 6, 2013
Dubai has supported its position on the global map of automotive markets, through increasing growth in the value of its foreign trade in motor vehicles.
November 5, 2013
Workers in unskilled positions, part-time office workers under the sponsorship of their parents and international schoolteachers have been particularly hard hit.
The Dubai Customs Training Center inaugurated a new training course specialized in gold and jewelry valuation.
November 4, 2013
With the amnesty period ending today, Saudi Arabia is now officially criminalizing those looking to make a living.
Saudi Arabia will begin deporting migrant workers without correct visa and residency status Monday.
November 3, 2013
A World Bank report ranks Saudi Arabia as having the tenth lowest poverty rate worldwide.
US demand for crude oil from the Middle East is projected to remain the same in the future since many US refineries are only designed to process crudes from the Mideast region.