March 19, 2015
Gulf stock markets fell in panic sell-offs Wednesday after U.S.crude futures dropped to a fresh six-year low and Brent oil also retreated.
Given the recent negative oil price shock, GCC governments need to chalk out a plan to enhance their revenue base.
March 18, 2015
U.S. natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays.
Following the announcement of Forbes Billionaires List for 2015, Global property platform Lamudi takes a look at some of the top real estate tycoons in the Middle East region.
On March 9, 2015, a plane took off from Abu Dhabi early in the morning and landed in Muscat, Oman, early in the evening.
March 17, 2015
Smart devices will be used during inspection of workers’ accommodation which will give precise information about the number of workers housed in a particular facility.
In order to make such infrastructure investment really take-off then the state needs to act as a seed financer only and secure the support of private investors to multiply that investment many times.
March 16, 2015
Food security has long been a burning issue in the GCC given the region’s over-dependence on food imports.
Egypt hopes to generate $20 billion in revenue from tourism by 2020 by attracting 20 million visitors, new tourism minister Khaled Ramy said on Sunday.
Cheaper oil dragged down Gulf stock markets on Sunday, while Egypt rose after an international conference pledged tens of billions of dollars of investment for the country.
Selfies, jokes, and billions: Sisi 'boisterous' after economic summit, but the hard part has just begun
Difficult times still lie ahead in a country where two-fifths of the population live on or around the poverty line.
Egypt has also signed Memorandums of Understanding (MOUs) for potential deals worth $92 billion at the conference, according to Salman.
March 15, 2015
The housing, transportation, petroleum, tourism, and investments sectors won the largest of this amount, but no statement has been made regarding Suez Canal Axis investments
"This event marks an important step for Egypt. It shows that Egypt is open for business," said the World Bank's managing director.
March 14, 2015
Following the ousting of former president Hosni Mubarak, the government started targeting companies who were believed to have purchased lands with a much lower value than its market value.