Sunday 20 April 2014
 
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GCC

Saudi Arabia imports 80pc of food needs

Saudi Arabia is importing 80 per cent of its food products while the remaining 20 per cent is produced within the kingdom, a report said. Overall, GCC countries are importing 90 per cent of food requirements from other countries,

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Projects boom in GCC; $40bn deals in Q1

The projects markets of the Middle East are set to enjoy a record-breaking year in 2014 with more than $40 billion worth of new contracts awarded in the GCC alone in the first quarter, a report said. New contract awards in the GCC

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Projects boom in GCC; $40bn deals in Q1

The projects markets of the Middle East are set to enjoy a record-breaking year in 2014 with more than $40 billion worth of new contracts awarded in the GCC alone in the first quarter, a report said. New contract awards in the GCC

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Better salaries 'on way after new jobs boom'

More jobs and better salaries will be on offer in Bahrain this year as the political situation stabilises, according to a GCC recruitment website.   Thirty per cent of companies are planning to increase their hea

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Bahrain 'must launch banking ombudsman services'

A Bahraini businessman has called for the introduction of banking ombudsman services and an investor protection board as a precursor to making Bahrain a GCC investment hub. Welcoming last week's statement by His Royal Highness

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UAE awarded $44bn contracts in 2013

Contracts worth $44 billion were awarded last year (2013) in the United Arab Emirates (UAE), an increase of 37 per cent over the previous year, said a report.   The construction and real estate sector accounted f

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UAE awarded $44bn contracts in 2013

Contracts worth $44 billion were awarded last year (2013) in the United Arab Emirates (UAE), an increase of 37 per cent over the previous year, said a report.   The construction and real estate sector accounted f

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Entrepreneurs pillars of growth: expert

Entrepreneurs are the pillar of economic growth and play a cruicial role in investment opportunities creation in the GCC region, said a senior executive.   Speaking at the CFA Institute’s ‘Middle East

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Kuwait hopes for solution to Gulf row soon

Kuwait expects to see "positive steps" taken in a dispute between Qatar and three other Gulf states as soon as this week that may include a decision to send those countries' ambassadors back to Doha, a Kuwaiti official said on Wedn

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GCC employees likely to get 6.3pc pay rise

The employees across the GCC countries can expect a 6.3 per cent growth in their salaries this year, according to a report based on a recent survey. The salary hike is significant when compared to 5.9 per cent in 2012, reported th

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