Abu Dhabi opens its $7.2 billion new port
Oil-rich Abu Dhabi began commercial operations at its new Khalifa Port in a multi-billion-dollar project to transfer its main container...
Business & Economy
Middle East carriers defy global trend
Middle East carriers experienced the strongest traffic growth at 11.2 per cent year-over-year, although this was surpassed by a 12.4...
Turkey's Tekfen to build a $122.5 million petrochemical plant in Saudi Arabia
Turkish conglomerate Tekfen Holding TKFEN.IS said on Friday that its unit Tekfen Insaat won a $122.5 million contract in Saudi...
Jaguar Land Rover plans car assembly plant in Saudi Arabia
Tata group Chairman Ratan Tata has said Jaguar Land Rover (JLR) is examining the possibility of setting up an assembly...
GCC motorcycle and all-terrain-vehicle market worth over $1 billion
According to a study, the GCC market for new motorcycles and off-road vehicles such as quad bikes is worth an...
Kuwait’s banking sector's resiliency improves
The Institute of International Finance indicated that Kuwait's banking sector is better positioned to face the spillovers of external shocks,...
Qatar to have new Islamic Bank
A new Islamic bank with a $1bn capital is expected to be set up under the Qatar Financial Centre (QFC),...
Saudi imports up by 4.4%
Saudi Arabia's incoming economic data signals that nonoil sector growth has been moderating after blistering growth last year and early...
Expats in Qatar sent QR30.8 billion to home countries in 2011
Remittances routed by expatriate workers to their home countries soared to about QR30.8bn, a 4.5 percent increase in 2011 compared...
The new $10 billion Doha airport to open next year
The much-anticipated opening of the New Doha International Airport (NDIA), originally scheduled for December this year, has been delayed. The...
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