Wednesday 16 April 2014
 
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growth

Summit to focus on UAE’s green initiatives

The UAE Ministry of Environment and Water will playing a key role at the 16th Water, Energy, Technology and Environment Exhibition (WETEX 2014) where the focus will be on ‘UAE Green Growth Strategy.’ The ministry's

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Good growth seen in UAE, Saudi Arabia

The UAE and Saudi Arabia are expected to enjoy good economic growth this year, according to a Crédit Agricole Private Banking research report. The ‘Macro Comment – Eastern Promises: Mena Update’ said Arab

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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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GCC banks back on double digit growth path

The banking industry in the Middle East returned to double digit revenue growth in 2013 with a 10.7 per cent increase, stemming largely from international acquisitions, according to a recent study. Middle East banking revenues con

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Rich nations propelling global growth: IMF

The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year and next as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic

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Annual Investment Meeting kicks-off in Dubai

Representatives from more than 120 countries and nearly 60 ministers are attending the Annual Investment Meeting (AIM) 2014 that kicked off in Dubai today (April 8).   The three-day meet at the Dubai Internationa

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Bahrain Q4 GDP growth slows to 5.4pc

Growth in Bahrain's inflation-adjusted gross domestic product slowed to 5.4 percent year-on-year in the fourth quarter of last year from a revised 5.7 percent in the third quarter, data from the state statistics body showed on Monday.

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Jarir marketing Q1 net up 11.3pc

Saudi Arabia's Jarir Marketing posted an 11.3 percent increase in first-quarter net profit on Sunday, although slower year-on-year sales growth meant the retailer marginally missed the average view of analysts. Jarir made 201.

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Egypt business activity shrinks in March

Business activity in Egypt slowed marginally in March after stagnating the previous month, according to a poll released on Thursday - a sign the economy remains fragile after years of political and economic turmoil. The HSBC Egypt

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Kuwait spending up 7pc in Feb

The Kuwait government's spending climbed to KD11.3 billion in February, up 7 per cent y/y on the back of higher transfers, according to a report. The latter has driven growth in current expenditures, while capital spending has

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