The global financial crisis has made the cash-rich Gulf more attractive to overseas bond issuers as a source of investment funds.
Even as Egypt wrestles with dwindling water from its only major source, the Nile, it pushes farmers to grow more to supply the country’s costly subsidised food programme.
Gulf Business speaks to Ali Nehme, managing director-digital, Starcom Mediavest Group, Middle East and North Africa.
The American chain already has 34 outlets in Saudi Arabia, Kuwait, Qatar, Egypt, Jordan and the UAE.
The number of students in the GCC region is expected to grow at a 3% annually between 2013 and 2020 to reach 13.7 million, a new study says.
Political unrest in Egypt is not affecting work on the mall, confirms George Kostas, CEO of UAE-based retailer Majid Al Futtaim Properties.
The joint venture will invest in direct private equity opportunities in African firms with a focus on consumer driven sectors.
The operation targeted traffic involving malicious software known as Bladabindi and Jenxcus, which were written and distributed by developers in Kuwait and Algeria.
Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.
Niche skill sets and specific areas of expertise will shape the demand for a particular cadre of executive talent.
Boosted by billions of dollars in aid from Gulf Arab countries, Egypt’s 2013/14 budget deficit was set to shrink from some 14 per cent the year before.
The terminal, slated to arrive in September, is now expected in October or November, according to sources.
Arabtec debacle on the stock market reveals the crack among bourse regulations in the Gulf
Apart from being an attractive cruise destination, the Gulf is also rapidly becoming a source market for cruise tourism, experts say.
The luxury Italian brand’s plans include flagship stores and more than one regional hotel.
Egyptian state news agency MENA said Saudi would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON).
Sovereign investors in the Middle East continue to favour alternative investments with allocations increasing across real estate and private equity.
The investment firm is looking at six deals in total in the Middle East, out of which it expects to close two of them soon.
Currently, the market is well-supplied and prices above $114 a barrel are the result of market nervousness, OPEC Secretary General Abdullah al-Badri said.
Egypt was widely criticised by rights groups and Western governments after it sentenced three Al Jazeera journalists to prison for seven years.
Peter Greste is one of three Al Jazeera journalists jailed for seven years each by an Egyptian judge.
All three have been held at Egypt’s notorious Tora Prison for six months, in a case that has drawn criticism from Western governments and human rights groups.
The company is looking to step up its investment in the region through launch of new facilities and a training academy, a senior executive said.
Khamenei added in remarks to judiciary officials that Washington aimed to keep Iraq under its control and place its own stooges in power.
Turkey and Qatar both have supported the Muslim Brotherhood, an Islamist movement which has been declared a “terrorist” organisation by Egypt and Gulf countries.
ISIL seized Rawa, Ana and Rutba after army troops withdrew from these towns, a senior official said.
Oil prices neared nine-month highs late last week, touching $115 a barrel.
The investment will be conducted through Egypt’s International Company for Agro-Industrial Projects.
UAE officials have also urged Emirati citizens in Lebanon to leave the country immediately.
King Abdullah, on his way home from Morocco, did not leave his plane, which was on the ground at Cairo airport for just over an hour.