May 25, 2014
Sovereign wealth funds in China and Qatar signaled their increased commitment to Russia, boosting Moscow’s hopes of strengthening ties with Asia and the Middle East as relations with the West deteriorate.
Last week, the King approved a five-year plan worth more than SR80 billion ($21.33 billion) to develop the education sector.
Saudi Energy 2014 is set to surpass the success of the 2013 edition that gathered 7,564 visitors.
The affirmation primarily reflects the solid growth in Sharjah’s GDP per capita.
May 24, 2014
The UAE has called for increased coordination between GCC member countries to achieve economic integration in the region.
May 22, 2014
The Chinese government company is buying control of the Israeli food conglomerate at a company value of NIS 8.6 billion ($2 billion).
Citing what it said were leaked documents prepared for prospective financiers in 2011, the newspaper said the loan for the state carrier required no repayments until 2027.
E-commerce company eBay said client identity information including emails, addresses and birthdays was stolen in a hacking attack between late February and early March.
Alawi is the owner of Red Sea Mall, considered to be the destination for entertainment and shopping in Jeddah.
The plant, he said, will have a capacity of 300-400 metric tonnes per year and can be expanded to 1,500 metric tonnes per year at a later stage.
Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025
May 21, 2014
The Abu Dhabi Urban Planning Council gave its approval to 13 development projects covering over four million square metres in the first quarter of the year.
The Bank has not lent any new money to Iran since 2005.
Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping to increase its sovereign wealth fund to over $500 billion
The new simulators are among the world’s most advanced nuclear training devices and the first of their kind in the Middle East.