July 22, 2014
While calls increase on the government to review Turkey's trade relations with Israel in response to the humanitarian crisis in Gaza.
New projects in the central area of Makkah has led Saudi and Gulf businessmen to renting out housing units in hotels overlooking the Grand Mosque for long-term lease of up to 15 years
In the long run, reducing the subsidies would be good news for the state budget; they cost about $3 billion last year, or a third of state revenue.
July 21, 2014
Traditionally, Islamic products have been designed by financiers from conventional backgrounds, who try to base them on conventional products
Although imports from GCC rebounded in May 2014, their pace is still below that of fuel imports, and therefore the GCC keeps losing share.
For years, rather decades, the US has been discouraging the very concept of resource nationalism, insisting instead to let free market forces control the global energy dynamics.
Saudi Arabia is all abuzz with excitement about ‘Smart Cities’ with social and technological factors converging to make the Kingdom ready for wide-spread Smart City developments.
July 20, 2014
Sadly, Kuwait is regarded as the under achiever among Gulf Cooperation Council (GCC) countries by some key business and economy indexes.
China is the largest source of imports into Qatar.
July 18, 2014
The nominal effect of the World Cup cancellation is credit positive, as capital spending would be lower and more efficient, according to the bank.
July 17, 2014
Erratic price moves, difficulties of accessing the market, and deep political risks, alongside strong growth, are common characteristics of frontier markets
Lebanon is moving forward with a plan to import water from Turkey, having failed to impose any restrictions on water usage in response to one of the worst water shortages in recent memory.
July 16, 2014
Oettinger also outlined a need in Europe for liquefied natural gas, which Cyprus hopes to make part of its emerging status as an energy hub with the eventual opening of a massive LNG plant.
A two-way street: an inside look into the monumental losses brought to the US economy due to Iranian sanctions
The new report "Losing Billions – The Cost of Iran Sanctions to the U.S. Economy" reveals that between 1995 and 2012, the U.S. sacrificed at least $135 billion and as much as $175 billion in potential export revenue to Iran.
Annual rates in Fujairah, Umm Al Quwain and Ras Al Khaimah remained stable with nominal increases of two and one per cent respectively.