Leading News Source For Middle East
The GDP growth rate of the Gulf Cooperation Council (GCC) is expected to reach between 4 and 5 pc for the next three years, according to a forecast by the Economist Intelligence Unit in its latest report. Consumer spending is Read more
The annual summit of member nations of the Gulf Cooperation Council (GCC) has started in Qatar. The meeting promises to be fruitful after the announcement of the formation of a regional police force that will be based in Abu Dhabi. Read more
Emir Sheikh Tamim bin Hamad Al-Thani of Qatar has given assurances that their economy will not be affected by the drop in oil prices because the government has not changed its price evaluation methods for the past years. However, United Read more
Egypt finances have not boasted about the protests which led to the departure of President Mubarak from power because of the investors it scared away. More than $11billion has left the shores of the country due to the worries the Read more
As the world continues to consider and invest more in the potentials of renewable energy, Saudi Arabia and the United Arab Emirates (UAE) have decided to follow the trend in a bilateral agreement between two institutions; Masdar of Abu Dhabi Read more
The United Arab Emirates (UAE) is proud to state that its relations with Russia have been growing stronger and hopes that it will continue. The Minister of Economy Sultan Bin Saeed Al Mansoori used the bilateral economic relations that they Read more
Etihad Airways looks to invest in Alitalia as negotiations continue over commercial terms and is on the verge of a partnership with Air Berlin, the chief executive of the Abu Dhabi airlines said on Monday. Using a twin policy of Read more
The Gulf Cooperation Council (GCC) enjoyed the first two months of the New Year as stocks continue to rise according to a report released by SICO, a Bahrain based brokerage. United Arab Emirates and Qatar head the list of markets Read more
To reaffirm its commitment to the region, US President Barrack Obama is to hold a series of high-profile talks with Washington’s Arab allies. Concern and alarm reached the region’s Sunni governments after the way the US handled issues in Iran Read more
Abu Dhabi’s Al Dahra Agriculture, plans to make an investment of US$150 million in building a local factory to process the long-grained Bismati rice, one of the premium varieties of rice, used to prepare the country’s favorite ‘chicken biryani and Read more