Wednesday 4 March 2015
 
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economy

Emirates' ops contribute $7.59bn to Europe GDP

Dubai-based Emirates’ operations in Europe has made an economic impact of €6.8 billion ($7.59 billion) on the total gross domestic product (GDP) of the continent, according to a study. The airline’s undertakings in the

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SMEs 'playing major role in global economy'

Investments in small and medium-sized enterprises (SMEs) will be a key topic of discussion at the  upcoming Annual Investment Meeting (AIM) 2015 in Dubai. The event is being held from March 30 to April 1 at the Dubai Internat

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Saudi economy a ‘pillar of strength’ in GCC

Saudi Arabia's strong economy has a hugely positive effect on trade and investment relations with Bahrain, said the Premier yesterday (February 26). His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stress

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Bahrain banks on infrastructure, private sector

Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week. The kin

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Bahrain banks on infrastructure, private sector

Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week. The kin

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Industrial investment key to UAE economic growth

The UAE’s gross domestic product (GDP) is less dependent on oil due to diversification of revenue sources and higher inflow of investment into the industrial sector which is fast becoming a major contributor to the country's economic g

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Reforms needed to rein in deficit in Lebanon: Bank Audi

Structural reforms need to be implemented by Lebanese authorities to stimulate the economy and reduce the fiscal deficit, and not bank on the decline in oil prices alone, according to a recent report. Bank Audi’s Lebanon Eco

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GCC’s cloud market growth to hit $216m

The GCC’s tripling cloud market will drive the UAE’s innovation economy, according to comments stemming from a meeting between the chief executive officers of Mubadala and SAP. Frost & Sullivan has predicted the GC

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Air Astana launches new cabin class on B757s to Europe

Air Astana, the flag carrier of Kazakhstan, has introduced an Economy Sleeper Class product on its Boeing 757 services from Astana to London and Frankfurt, with Paris to be added on March 29. Economy Sleeper Class provides more comfort

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Gulf states to deposit $10bn in Egypt

Saudi Arabia, Kuwait and the UAE will deposit $10 billion in Egypt before the country holds an investment conference in March, the news website Al-Youm Al-Sabea reported. Egypt hopes the conference in the resort Sharm el-Sheikh wi

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