March 12, 2014
Bahrain's Gulf Hotels Group is investing $132 million to develop a five-star Gulf Hotel Business Bay on Dubai's shores
Members of UAE's Federal National Council are in process of drafting a law that will encourage, train and organise Emiratis to become tour guides with incentives and specialised training programmes.
Three stations will be constructed at the Jeddah Islamic Seaport enabling the Saudi Landbridge train project to cover all of the companies operating in the port.
U.S. exports to the UAE reached $26.9 billion in 2013 as a result of increased trade in the transportation sector.
Over the next five years, Oman will award engineering, procurement and construction (EPC) contracts worth $65 billion.
March 11, 2014
Saudis spend nearly $1.6 billion a year on energy drinks. With the recent announcement of a ban on the industry, questions may be asked as to how limiting this billion-dollar consumption habit may affect KSA's economy.
One of the world's leading property and insurance companies AIG is set to expand in Egypt.
The announcement of a $40 billion (AED150bn) deal to build low-cost housing in Egypt is good news for that country and for the UAE, commented a local daily.
Dubai has launched the world's first purpose-built smart retail hub "matajircom" Monday in conjunction with Economic Zones World and Dubai Customs.
Jordan's Atomic Energy Commission is planning to sign two agreements with Russia's Rosatom to establish the country's first nuclear reactor.
The Saudi construction sector is poised for significant growth over the next few years thanks to the boom in contract awards and ongoing construction activities coupled with healthy lending appetites by bank.
While most headlines talk about profits in the UAE, here is one field that is not-so-successful in the Emirates these days: personal computer sales.
CEOs in Saudi Arabia are the highest paid executives among all GCC countries, according to a new report.
March 10, 2014
Emirates Airline launched daily services to Boston Monday in partnership with its US carriers.
Ibrahim NaffeeThe new King Abdulaziz International Airport (KAIA) will create job opportunities for over 3,500 Saudi men and women in shops, restaurants and hotels at the airport, according to tourism experts.