July 31, 2013
Saudi Arabia’s benchmark stock index (TASI) recorded a handsome gain of 0.90 percent, closing at 7,863.83.
Faced with an immense decline in tourists over the past two years, Lebanese hotels are resorting to discounts and promotions to lure in more visitors from Iraq and Syria.
Confidence amongst business leaders in the Mena region rose more than two points in the second quarter of this year to 62.6, its highest level in more than a year, according to a report.
Gas production will start in two phases of the South Pars gas field in the near future.
Dubai's economists and businesses attributed the upward trend of fresh food prices to a combination effect of increasing demand, decline in the value of US dollar as well as to the political tension in the region.
Oman Cement Co posted a 3.1 per cent growth in net profit for the first half of 2013 to RO9.3mn against a net profit of RO9mn in the same period last year.
The construction sector is currently facing a range of obstacles, including increased prices of industrial fuel, higher taxes and high foreign exchange costs.
July 30, 2013
The Saudi Arabian government awarded $22.5 billion (Dh82.6 billion) in contracts to three foreign-led consortia on Sunday for the design and construction of the first metro rail system in the capital, Riyadh.
South Sudan has been losing an estimated $200 million a year in illegal gold mining, according to an official from the ministry of petroleum and mining.
The new Egyptian government will press ahead with a smart card program for distributing fuel products that its predecessor had started before it was ousted by the military.
Jordan Chamber of Commerce President Nael Kabariti and Pakistan’s Ambassador Ahsan Azhar Hayat on Monday discussed ways to develop commercial and economic relations between the two countries.
The GCC contracting industry is witnessing strong growth, which is projected to increase further in the years to come, according to a research report.
The Lebanese banking sector could see profits drop by up to 20 percent over the next year if the political stalemate in the country persists, the head of the Association of Banks in Lebanon warned.
The total sales revenue of Oman's three oil marketing companies grew by just 3.1 per cent to RO510mn in the first six months of 2013 against RO494.3mn in the corresponding period last year.
July 29, 2013
Oman is set to see $65 billion worth of turnkey projects awarded between now and 2017, doubling the combined value of projects awarded in the Sultanate in the last five years.