March 26, 2014
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.
Etihad Airways has received government and regulatory approval to move forward with its partnership deal with airline Air Serbia.
Egypt's Electrical Agency has launched an internet application that is designed to help Egyptians reduce their electricity consumption ahead of the summer blackout season.
Saudi Arabia's legislation over the past few months has forced more than 50 per cent of KSA contracting firms to close their doors.
The Sudanese ministry of finance of Sudan signed a number of agreements China in the fields of launching new oil exploration efforts, development projects in addition to the approval of additional loans.
While the business tourism sector currently accounts for 20 per cent of tourism in Dubai, experts project it will grow at the same pace as tourism in the emirate.
London has taken in over 11.7 billion pounds of Islamic investment in the last 10 years, making it the largest Islamic financial center in the Western world.