Egyptian banks show ‘impressive growth’
Egyptian banks have registered “impressive growth” in the Banker’s Top 1000 World Banks report during the fiscal year (FY) 2013/2014,...
Business & Economy
Saudi Arabia will become 7th largest emerging capital market
Emerging capital markets will double their global index share by 2030, with Saudi Arabia expected to emerge as the seventh...
Suez Canal earns $2.57 billion in six months
The Suez Canal earned $2.57 billion in revenues in the first six months of the current year, representing a 5.5...
Non-energy sector in Qatar to drive real GDP growth to 7% in 2015
Driven by an expansion in the non-hydrocarbon sector, Qatar’s real GDP growth may scale up to 7% in 2015 from...
Egypt planning $540 million petrochemical projects with UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official...
Vodafone Egypt to invest $1.3 billion over three years
Vodafone Egypt will invest around 9.5 billion Egyptian pounds ($1.3 billion) over the next three years to improve its network,...
Saudi Arabia to open $530 billion bourse to foreign investors in early 2015
Saudi Arabia's Capital Market Authority plans to open the stock market to direct investment by foreign financial institutions in the...
UAE economy remains robust
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, received...
Bahrain moves to boost digital economy
Efforts to strengthen Bahrain’s digital economy will begin in earnest next year when the kingdom launches a major upgrade of...
IMF raises Saudi economic growth forecast to 4.6% for 2014
Saudi Arabia's economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance...
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