March 27, 2014
Dubai's Department of Tourism and Commerce announced this week that it is on track to reach one of its key Dubai Vision 2020 objectives: to attract 20 million tourists annually.
Lebanon’s budget deficit in 2013 rose slightly to 30.94 percent (or $4.2 billion) of spending compared to 29.47 percent (or $3.9 billion) in 2012.
A Russian industrial zone focused on producing agriculture machinery and equipment will be established in Egypt.
Out of 1000 residents polled, around 16 per cent of the respondents said they doubted if the event would deliver any benefits once it is over.
March 26, 2014
With 100 stores in its retail portfolio, Centrepoint has earmarked a further AED1 billion ($270 million) towards the launch of 75 stores in the next five years across existing territories as well as new markets including Iraq, Libya and other African countries
Based on passenger records from the first two months of 2014, Dubai International Airport has outpaced Heathrow to top the list of the world's busiest airports.
Textile manufacturers from around the globe are gathering for the anticipated Textile Arabia exhibition in the Kingdom.
Britain is investing $97.7 million in Bahrain to expand its military presence in the Gulf country.
Adoption of mobile banking is gaining traction in the UAE and it is expected to grow further with Dubai’s mobile initiative.
The total value of exports from the sultanate increased by 8.2 per cent in 2013 from a year ago, according to recent statistics issued by the National Center for Statistics and Information (NCSI).
The bill would hold authorities responsible for regular monitoring of environmental impact of oil and gas exploration and extraction and for suggesting solutions for any threats to the environment
According to the cabinet’s Monday statement, the project is part of a larger electricity linkage system between Egypt and Gulf countries.
The IMF team noted that GCC regulators are expected to follow the new Basel III liquidity requirements, but there may be challenges in agreeing on definitions of liquid assets and in developing market liquidity.
March 25, 2014
Online sales in the Gulf Cooperation Council (GCC) countries are forecast to grow to $15 billion next year according to PayPal.
The GCC rift, sparked after Manama, Riyadh and Abu Dhabi withdrew their ambassadors in Doha to protest against Qatar non-compliance with pan-Gulf agreements, has proved too formidable to be addressed at the summit.