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March 20, 2014

Under Dubai's new agreement, the emirate's debt is renewable after five years (File Archive)
13:00 GMT
Dubai's $20 billion debt refinance agreement with UAE's Central Bank as well as Abu Dhabi may improve the emirate's economy more than what was perhaps originally believed.
The draft budget for fiscal year 2014/15 (April to March) reveals a modest increase in government spending
09:55 GMT
Kuwait government's total spending is likely to hit KD21.7 billion ($77 billion) in its draft budget for 2014/ 15, up from KD21 billion in FY13/14, according to a report.
Dubai has engaged Noor Investment Group to serve as the exclusive advisor for determining the feasibility of establishing an Ex-Im Dubai (Shutterstock)
08:30 GMT
Dubai is exploring the feasibility of establishing an ExIm Bank.
The UAE has a long-standing car culture due to relatively cheap fuel and car prices
07:31 GMT
Only one per cent of the capital’s population use public transport, figures released by the Department of Transport show.
3500 visitors, from entrepreneurs to the curious, descended on the Tunisian Union for Industry, Commerce and Handicrafts (UTICA) headquarters to meet the 60 exhibitors and take part in 20 conferences on entrepreneurship.
03:55 GMT
The many challenges facing entrepreneurs in Tunisia did not prevent Tunisians from turning out in droves to the very first Entrepreneurship Fair in Tunis.
As the largest economy in the region, investments currently under implementation in the Kingdom amount to SR1.8 trillion
02:58 GMT
The prince revealed that Saudi Arabia ranks 23rd in the world with its most advanced infrastructure, and the 19th largest economy in the world.
When Facebook acquired Whatsapp, it really was a humongous bit of news that quite forcefully indicated the progressive way of the way social media networks were being consolidated and taken into the future.
02:19 GMT
This proposed new feature is said to be technically flawed making it highly susceptible to hacking threats capable of allowing the cyber-terrorists to get a detailed history of the hacked user’s Whatsapp histor
Apparently even Churchill took a nap during WWII (not that he was as cute as this kitten).
02:05 GMT
Some forward-thinking companies such as Nike and Google offer places for their employees to nap. It's time Middle Eastern companies revolutionized their approach to napping as well.

March 19, 2014

Financial crises regionally forced MENA investors to temporarily forego global investments for domestic ones (File Archive)
09:30 GMT
GCC investors are changing the way they are doing business regionally and globally.
The increase, is driven by growth in the UAE’s hotels, travel agents, airlines, restaurants as well as leisure industries
07:09 GMT
Total contribution of the travel & tourism sector to the UAE’s gross domestic product (GDP) will reach 8.5 per cent this year with a 4.5 per cent year-on-year rise to Dh122.6 billion.
The KRG insists that it manages its energy sector independently of the Baghdad government and maintains it has every right to export its own oil, as well as manage revenues from the exports.
03:55 GMT
Kurdish–Arab tensions in Iraq have escalated in recent months as a result of outstanding disputes between the Kurdistan Regional Government (KRG) and the Shi’ite-dominated government in Baghdad.

March 18, 2014

Dubai’s real gross domestic product (GDP) was estimated to have grown at an annual rate of 4.5 per cent in 2013, compared to 2.4 per cent in the US and 0.30 per cent in the European Union countries.
22:56 GMT
The global downturn has affected the banking and investment decisions of (66 per cent) of the wealthy.
Vehicles sales in GCC countries are set on a high-growth path for 2014 (Shutterstock)
16:00 GMT
Vehicle sales in the GCC countries are set to grow rapidly for the remainder of 2014, according to a recent analysis.
The Opera house will seat 2,000 people (Courtesy of Al Arabiya)
14:00 GMT
UAE-based Emaar Properties announced plans this week to construct an opera house in Dubai in the city's downtown area.
China imports more oil from the GCC than all other parts of the world combined (Yasser Al Zayyat/AFP)
12:37 GMT
At one point, the GCC was just another diplomatic relation to China. However, with changing energy resources globally and fluctuations in geospatial power relations, the Gulf is figuring ever more prominently in China's economic agenda.