Thursday 28 August 2014
 
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Bahrain construction sector grows 40pc

Bahrain’s construction sector has grown by 40 per cent since January, it was revealed yesterday ahead of a major construction event. The figures were released as Bahrain steps up preparations for the annual GCC Construction

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Bahrain to ‘regulate cyber security in different sectors’

Bahrain needs to establish a unified body to regulate cyber security in different sectors, including telecommunication and banking, according to a report. Consultancy firm Strategy& in co-operation with the Telecommunications

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UAE tops non-financial sector issuance in GCC

The UAE topped the large increase in issuance by the GCC’s non-financial sector, which accounted for $8 billion, even  the debt markets saw a rebound in growth in the second quarter of the year. The exceptional non-fina

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Saudi accelerates mineral resources development plan

Saudi Arabia is accelerating its mineral resources development plan in an initiative that will facilitate the development of its mining sector, according to industry leaders. Sultan bin Jamal Shawli, Deputy Minister for Mineral Resource

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1.5m Saudis employed in private sector

About 1.5 million Saudi Arabian nationals were employed in the private sector last year, a rise of more than 332,000 compared to the previous year, said a report. The kingdom’s Ministry of Labor pointed out that the increase

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Saudi petchem sector ‘well-positioned’ against challenges

The Saudi petrochemical sector remains well positioned regionally and is driven globally by a positive demand outlook, according to an NCB report.   The latest Saudi Petrochemical Sector report from the NCB Economics Departmen

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Kuwait residential sector sales hits $3.5bn in H1

Kuwait’s residential sector recorded more than KD1 billion ($3.5 billion) in sales during the first half of the year, up 17 per cent compared to the same period last year. In June, the sales hit KD172 million ($606.3 million

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CFA calls for greater transparency in bank reporting

Better reporting of risk, timely loan write-downs on balance sheets, and investor access to comparable reporting of information across jurisdictions will improve transparency and reduce investor risk aversion towards the banking sector, accord

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Saudi firms urged to bridge 'the digital divide'

Strong opportunities are emerging for private sector firms in Saudi Arabia and in the Gulf to address pressing challenges to bridge online and offline businesses, according to a report.   The Sacha Orloff Group r

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Private sector to 'boost opportunities for power deals'

The increasing role of the private sector in both power generation and water could boost opportunities for large-scale transactions in Mena in the future, according to an EY report.   The leading professional ser

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