August 6, 2013
The first roadshow to the US hopes "open new avenues of cooperation in various areas, particularly with the huge participation of public and private sector in the delegation".
Iran's inflation rate hits 33.9 percent.
The figure is the highest since November 2011, but it nonetheless shows that Egypt continues to bleed foreign currency to defend the Egyptian pound.
The companies, which signed the shareholders’ agreement recently, have been working toward the agreement since a Heads of Agreement was signed in March.
The surcharge that UAE cardholders are now paying to petrol stations will be shared between the merchants and the acquirers or banks that process the transaction,
August 5, 2013
The Smart Learning Program, to be completed by 2017, is set to revolutionize education in the UAE.
Income at Dana Gas fell by almost half during the second quarter after lost production in the Kurdish region of Iraq and difficulties collecting debts from Egypt. Read more: http://www.thenational.ae/business/industry-insights/energy/income-at-dana-gas-tumbles-by-almost-half#ixzz2b5Qg1pGa Follow us: @TheNationalUAE on Twitter | thenational.ae on Facebook
"The new law is part of a number of recent, positive legislative developments in Kuwait's investment sector designed to encourage foreign investors as well as align it with international best practices, as Abdul Aziz Al-Yaqout, Regional Managing Partner, DLA Piper Middle East, said,
A father and son have been convicted of defrauding Dh100 million (around 27 million USD) in fake investments using the name of their deceased business partner, the Cassation court ruled.
Dubai will be the first city in the Middle East to host a local chapter of the forum in December and Dubai SME, the agency of the DED in Dubai mandated to develop the small and medium enterprise (SME) sector.
August 4, 2013
Growth in total lending of Oman's six listed commercial banks declined to 7.5 per cent in the first half of 2013 as retail loans slowed down significantly due to regulatory restrictions.
The construction industry has possibly been the hardest hit. Before the start of April’s grace period for illegal workers there were an estimated 250,000 construction contracts in motion. The 575,000 corrections to visa statuses has not been enough to stall the labour market and the reverberating aftershocks have rocked the sector.
The GCC glass industry is witnessing a period of unprecedented growth driven by a significant acceleration in new construction and infrastructure projects announced by regional governments.
Showing growth and dynamism, tourist arrivals from Australia into Oman grew by 71.2 per cent in 2012.
Dubai s plans for growth in the tourism sector seem to be on the right track as evidenced by the surge in number of visitors, 55 million, up by 111 per cent from last year, in the first half of this year.