Bahrain’s retail sector continues to make a substantial contribution to the economy by creating jobs and attracting regional and international investments, the Crown Prince said yesterday (February 7). His Royal Highness Prince Salman bi
The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.
Middle East carriers recorded a staggering 10.5 per cent growth in annual traffic last year compared to the figures in 2014, registering the strongest growth globally, said a report.
Following closely behind was Latin America (9.3 per c
The year 2015 ended on a high note for Mövenpick Hotels & Resorts, with new properties signed across the Middle East and Africa, Asia Pacific and Europe, expanding its portfolio by 15 per cent.
The Swiss hospitality firm,
Oil prices, rising interest rates, geopolitical stability – some of the most significant macro forces shaping the growth and development of Middle East’s insurance industry shaped critical discussions on the industry’s opport
Middle Eastern carriers' air freight grew four per cent in December and for 2015 in total the region expanded 11.3 per cent compared to the previous year, according to recent figures.
The International Air
Saudi Arabia agreed to lend Egypt $20 billion to finance the purchase of oil products over the next five years, according to a report.
This was the latest in a series of financial pledges by Saudi Arabia, China
Engel & Völkers, a leading service company specialised in the sale and rental of premium residential property, has reported record growth in 2015, thanks in part to its recent Dubai operations.
A key brokerage service com
Chinese shares fell sharply again on Wednesday after plunging in the previous session, taking losses in 2016 to nearly 25 percent or 13 trillion yuan ($2 trillion).
The benchmark Shanghai Composite Index was down 3 percent in afte
E-Dirham, an initiative launched by the UAE Ministry of Finance to provide an official electronic payment platform for collection of revenues and service fees of governmental and semi-governmental institutions, has reported the e-collection of