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March 11, 2014

Trade between UAE-Kazakhstan is expected to touch $20 billion in the coming five years
06:22 GMT
Kazakhstan government will call upon UAE businessmen to invest in around 77 projects at a value of $5 billion.
UAE's retail sector, along with its healthcare industry are "ripe" for foreign direct investment, according to new reports (File Archive/Shutterstock)
05:00 GMT
UAE's retail sector will grow nearly 33 percent by 2015, according to new reports.

March 10, 2014

One of the most crucial topics of discussion was water security in relation to the Nile, which feeds both nations with much needed water for drinking and irrigation
13:55 GMT
South Sudan's foreign minister Barnaba Marial Benjamin and his Egyptian counterpart, Nabil Fahmy met on Saturday and explored ways of expanding economic ties and trade relations between the two nations.
Oilfield services transactions remained low in the region with five transactions completed in 2013
13:00 GMT
The combined number of oil and gas transactions in the UAE, Oman, and Iraq represented almost 60 per cent of the total number of upstream transactions in the Middle East during 2013.
Egypt's parliament approved plans for the $40 billion housing initiative earlier this week (File Archive/AFP)
08:53 GMT
Egypt has awarded UAE's Arabtec Holding the bid to construct the one million housing units that are part of Cairo's $40 billion nationwide housing initiative.
Lebanon's tourism industry has shrunk 40 percent since 2010 (Courtesy of BBC)
07:48 GMT
Despite the drastic turn down in Lebanon's tourism industry, investors are still keen to continue developing their own projects within the industry and use creative strategies to "get the market back on track."
Half of Dubai's new smart green city will run on energy generated from solar power (Courtesy of Construction Week Online)
05:00 GMT
Dubai has announced that it is launching its first smart eco-friendly city project called "Silicon Park," estimated to be worth $300 million.

March 9, 2014

Lebanon's banking sector grew in 2013 despite economic downturn across the board in other sectors in the country (Courtesy of Executive Magazine)
14:00 GMT
Lebanese President Michel Sleiman continues to emphasize privatization as a way to save the country's economy, but how sustainable would such policies be in the country's future?
Many Jordanians as well as the influx of Syrian refugees in the Hashemite Kingdom are living below global poverty rate standards (Courtesy of CS Monitor)
12:00 GMT
The clash between Jordan's economic policies and the poverty realities on the ground is putting this MENA country "between a rock and a hard place."
The project, which aims to reduce the amount of natural gas burned for thermal EOR, created a daily average of 50 tonnes of steam
08:17 GMT
Oman could emerge as a regional leader in solar technology after Middle East's first solar enhanced oil recovery (EOR) project at PDO’s Amal West field in southern Oman became a success.
The GCC economies have thrived in large part due to the fact that they control nearly 40 percent of the world's crude oil reserves (File Archive)
07:37 GMT
Gulf economies are allegedly in their "golden era" of prosperity and profit, but how long will this success last and is it sustainable?
Dubai property prices now stand among the highest in the world (File Archive)
07:16 GMT
Dubai's rising property prices may be more of a risk than economists originally believed, say experts.

March 6, 2014

Bahrain has investments in oil, gas and water projects, but has limited investments in solar energy (File Archive)
12:19 GMT
Bahrain is ready to "re-assert itself" as a "regional powerhouse" in the oil and gas sector.
Sales in the investment sector increased to KWD 141 million in January, up 88 per cent y/y.
10:55 GMT
Real estate data for Kuwait in January show sales rising by 24 per cent y/y to KWD 315 million. In its latest Economic Updated, NBK said sales fell in m/m terms, but only after a very strong December.
The goal is for the entire city’s services and facilities to be available on smartphones
09:55 GMT
The strategy for transforming Dubai into a smart city was rolled out yesterday in the presence of Shaikh Mohammad and Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, at the Dubai World Trade Centre.