December 8, 2013
For private Gulf Arab investors, whose businesses in Egypt faced legal challenges after Mubarak's overthrow, a return will only come with guarantees that their money will be safe.
Iran has named seven Western oil companies it wants back in its vast oil and gas fields if international sanctions are lifted and said it would outline investment terms in April next year.
The draft budget for 2014 shows an increase in spending by JD920 million over the 2013 budget, taking government spending to JD8.096 billion.
December 5, 2013
“We have rolled it over,” Saudi Arabia’s Ali al-Naimi told reporters after three hours of closed-door talks finished in Vienna. “We are all satisfied.”
Abu Dhabi’s Khalifa Fund for Enterprise development has signed an agreement to provide $200 million to Egypt’s Social Fund for Development (SFD) to support the development of small enterprises.
A senior official from Dubai Electricity and Water Authority (DEWA) told reporters Thursday that electricity and water consumption in the country's largest city is expected to increase by 20% as the Emirate begins to prepare for the 2020 World Expo.
Yemen joined the World Trade Organization Wednesday after 13 years of negotiations with the global trade group.
Qatar foreign workers sent nearly $200 million less remittances in 2013.
UAE Ministry of Economy Sultan bin Saeed Al Mansouri called on delegations at the World Trade Organization meeting Thursday to deliver a balanced deal that "servers the interests of developed, developing and least developed countries alike."
Middle East carriers, driven mainly by Qatar Airways, Emirates and Etihad, recorded the “fastest growth” in air freight in October, a trend International Air Transport Association expects to continue.
Kuwait is due to receive approximately $744 million in a few days from the United Nations Compensation Commission (UNCC) for disbursement in environmental rehabilitation
Asked how soon after Dec. 10 Libya could get production back to normal, the minister said: "From one week to 10 days."
Al-Sabah was quoted in the statement as saying that in the coming period, Kuwait would give priority to the projects that affect Egyptian citizens.
December 4, 2013
Sudan, Libya, Iraq, Yemen and Iran were the worst in the region.
Damac Real Estate Development on Tuesday raised $348 million from its London share offer by pricing its global depository receipts, or GDRs, at $12.25 each.