May 27, 2013
The global oil and gas refining and marketing industry is forecast to reach an estimated $7.783 trillion in 2017 with a compound annual growth rate (CAGR) of 6.7 per cent during 2012-2017.
Kuwait also revealed plans to build a permanent floating LNG storage and regasification terminal to cope with rising demand for gas in the Organization of the Petroleum Exporting Countries (Opec) member state.
The younger generation is adopting new technologies and social media faster than ever and has provided the much needed boost to the business-to-consumer (B2C) e-commerce market in the sultanate. And daily-deal shopping websites are looking to cash in on the increase in online shopping business.
The Gulf state has one of the highest energy consumption rates per capita in the world, with the average Kuwaiti using 22 times more resources than the country provides per person.
May 26, 2013
Abdullah al Nuaimi, UAE Minister of Public Works, has called for coordinated work by member nations on the GCC rail network, and has said that upcoming meetings will discuss the project's requirements and specifications.
The magnitude of contracts within the construction sector continues to illustrate the Kingdom's appetite for heavy capital expenditures as about SR 49.1 billion ($13 billion) worth of contracts were awarded during the first quarter of 2013.
Surrounded by regional crises, Jordan’s greatest challenge remains its chronic energy woes, with officials racing to develop local alternative resources to reign in skyrocketing electricity subsidies.
Gold has always been considered a safe haven for investments. When the markets crumbled in the past, investors ran to it for shelter. However, when this asset of last resort suddenly loses its lustre, investors change their tack.
Overcapacity in the global solar industry is unlikely to disappear soon, suggest data and strategies outlined in the recent financial reports of top manufacturers.
May 23, 2013
The Union Coordination Committee Wednesday accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament.
The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough fuel.
Pakistan may get a bailout worth up to $15 billion from Saudi Arabia for its troubled energy sector, a Pakistani official told Dawn newspaper.
Regional online advertising spend is growing at a rate of around 25-30 per cent every year.
Newsweek re-launched the website in tandem with the US based design firm Huge, with three-to-five feature stories from Newsweek’s tablet edition (called Newsweek Global) will go live on the website.
Opulent devices provide guests with quicker access to services and part of wider technology push