January 21, 2014
Asserting that gas is going to be the basic source of energy for this century, Adeli, an eminent economist, said there was no reason why countries should decrease investments in conventional energy sources.
January 20, 2014
The "Financial Times" reports that Dutch and Scandinavian pension funds are considering divesting from Israeli banks.
Lying about five kilometres (3.1 miles) off mainland Dubai in the Gulf, it will feature classic Italian, Spanish and German architecture as well as landscaped gardens and streets that in some cases will be lined with artificial snow, the company said.
Kuwait’s commerce ministry has launched an investigation into reports that Israeli potatoes were being sold in cooperative societies.
Renault Middle East reported that its sales in the GCC increased 19 percent in 2013, maintaining its status as the number one European brand in Saudi Arabia and Oman.
California-based IHOP opened its first Saudi Arabia branch in Jeddah this week.
The Cost of Living Report (CLR) noted that in a like-for-like comparison of seven measures, Qatar came out the most expensive overall, followed by the UAE, Saudi Arabia, Bahrain, Oman and Kuwait.
The British companies say they will return to Iranian projects once the sanctions imposed on the country's oil and gas sector are completely lifted.
The cash-strapped North African kingdom is under pressure from the International Monetary Fund (IMF) and the World Bank to cut spending and reform subsidies
Bahrain is bracing itself for huge investment in its aviation sector after a tripling of business at this weekend's Bahrain International Airshow (BIAS 2014).
January 19, 2014
Dubai is now leading the region in the hospitality industry.
Bahrain is planning to set up a space research agency in its effort to "take advantage" of out-of-this-world technology developments.
Egypt's government has approved a 50 percent increase for social security pensions in order to benefit more than 1.4 million poor families in the country.
The International Atomic Energy Agency (IAEA) says it needs an additional amount of about six million euros for activities related to the implementation of a recent deal on Iran’s nuclear energy program
The EU foreign ministers will announce the move in Brussels as soon as inspectors from the UN's nuclear watchdog, the international Atomic Energy Agency (IAEA), confirm that the agreement started to be carried out,