The IMF has warned that Kuwait’s expenditure could exceed oil revenues as early as 2017.
QInvest is streamlining its operations, focusing on investment banking and asset management business.
Aramco has re-tendered three of the four construction packages.
The new project, called Lost Cities, is expected to be unveiled in early March.
The majority of phone users in the UAE store important personal and official data on their mobile devices, according to a new survey.
The third auction from eMart will feature five high-end commercial and residential properties.
Kuwait’s parliament voted on Wednesday to investigate all contracts signed by state-owned Kuwait Airways.
The bank was found in material non-compliance with requirements to produce information to the financial regulator.
Two of the units will focus on infrastructure projects, one on water and energy projects and one on the Egyptian market.
Around 36 per cent of funds in the budget will be allocated to the traffic and roads agency while 33 per will go to rail agency, according to the RTA.
The contracts cover infrastructure design and supervision work in the two communities.
Amena Bawazir, a student at the King Saud University in Riyadh, died of heart problems last week.
Qatar sovereign fund is reportedly seeking a 15-20 per cent in the troubled Italian lender.
All 15 were Egyptians and the blaze was started by an electrical short circuit, said reports.
Changes in Saudi’s mortgage law in 2013 are expected to boost banks in the GCC’s largest domestic market.
After some difficult years, there are signs of better times ahead for the UAE banking sector.
Video mega trends and machine-to-machine connections feature among the key regional tech trends, finds new Cisco study.
The revision was mainly driven by Fitch’s concern about regulatory uncertainty in Bahrain, it said.
The lender is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa.
The Middle East posted the strongest growth in demand across all international markets.
The flight signals the first direct link between Congo and the Middle East.
The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.
Emirates will look to funnel Spaniards into Dubai and onto its global network – particularly Asian markets such as Hong Kong and Bangkok.
Dubai telecom firm Etisalat has already adopted the new web ending.
The region’s pharmaceutical industry is expected to experience sustainable growth in medium to long term, a new study says.
Officials expect to award the first construction contract in 2015.
Commercial licenses constituted the major share of total licenses issued in the last quarter of 2013, said Dubai’s Department of Economic Development.
Rising property prices have pushed out potential home buyers, finds survey by propertyfinder.ae.
The consortium of bidders for Queensland Motorways include the Kuwait Investment Authority.
Lars Seier Christensen warns of slowdown in China and on-going concerns in the Eurozone