February 16, 2012
All tenders pertaining to projects, works and procurement by the government will soon be called for and accepted via the newly created portal www.tenderboard.gov.bh.
The ancient Silk Road that connected China to East Asia and Europe is seeing a resurgence, thanks to expansion of the project cargo and heavy lift transportation business according to Breakbulk Magazine.
Dubai became a market leader with hotels recording the highest occupancy levels of 78 percent in the period January to December 2011, according to the E&Y study.
Sukuk instruments are, increasingly attracting attention as a source of funding and diversification.
February 15, 2012
Rising tension between Iran and the West has the potential to disrupt the fragile economic recovery across the developed world, deepen a European recession and slow down growth in the Middle East and emerging market economies.
Deals worth millions of dollars were struck as more than 2,300 trade visitors attended the fifth Gulf Industry Fair.
For young people, unemployment is not only a cyclical problem. It is also a chronic condition that is robbing them of a secure future and depriving society of their contributions to a healthier and more productive economic future for everyone.
“The only way to go is to go Web. It’s the only way to tap into a borderless market of 60 million Arabs,” Cinemoz CEO Karim Safieddine, 27, tells The Daily Star from his workstation on Hamra Street.
A feasibility study conducted in 2009 suggested the 90km railway link from Dammam to Bahrain would cost between $4.2 billion and $4.5 billion according to 2008 figures.
The likelihood of severe disruption of oil supplies through the strait, through which 20 percent of the world’s oil flows, is 'very low,' though if one did occur, it might boost oil to US$150 a barrel and push economies into a recession, according to the reports.
February 14, 2012
Protests are driving customers away from Bahrain's hotels.
Today, the most tenders are from Iraq and Qatar.
The average prices of several building materials in Abu Dhabi fell in January compared with December with the largest fall recorded in the average price of steel.
Record profits at Lebanon’s listed banks are breathing new life into the country’s fading stock market.
Saleem Al-Harbi, chairman of Manar Construction Company and a member of the board of directors of Jeddah Chamber of Commerce and Industry, considered the new quantities of cement that were brought to the region a compromise solution at the moment.