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
May 22, 2013
Hybrid cars are reaching the Gulf in limited numbers. But those who want to do their bit for the environment, or make a statement, will have to dig deep into their resources.
May 21, 2013
The UAE is increasingly becoming a preferred destination for foreign private capital as the country proved a safe haven for investors amid the political turmoil in the Arab world.
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.
May 20, 2013
The UAE is expected to be the biggest spender in the GCC on home interiors and fit-outs, with an estimated $1.5 billion (Dh5.5 billion) budget in 2013 as the country’s residential market continues to grow.