Dubai firm Arabtec has signed a $40 billion deal to build one million homes in Egypt.
Despite the brotherhood’s taste for populist electoral politics, no other GCC member, apart from Saudi Arabia, has declared it a terrorist organisation.
A total of 3.45 million units were shipped to the region during the final quarter of 2013, according to IDC.
Telecom Egypt has been relying on its data business to boost revenue.
The financial park and real estate project had been suspended for five years.
The 40-member bloc, which quit the 120-member coalition, said it had returned to confront what it saw as its unfair exclusion from decision-making.
The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.
He also blamed both countries for launching Syria’s three-year civil war through al Qaeda-linked groups.
Regional shares were dampened last week due to the Ukrainian crisis but recovered lost ground as the situation seemed to have calmed.
The fatal bombing of a tourist bus in Egypt’s Sinai region prompted a travel advisory from Germany.
Middle Eastern carriers are benefitting from the strength of regional economies and a solid growth in business-related premium travel, says IATA.
Air passenger traffic in the UAE, Saudi Arabia and Oman is expected to grow at 6.6, 6.9 and 7.2 per cent respectively, a report says.
Inflation rates will stay at manageable, low single-digit levels throughout the region, the report said.
Saudi billionaire Prince Alwaleed again ranks first in the region on Forbes’ annual list of the world’s billionaires.
Low-cost carrier about to step into the aviation breach following RAK Airways’ closure
Local firms are losing billions of dollars through negligence.
The GCC’s public spending has been rising in the last two years, fuelled by an increase in oil prices.
Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.
Mursi and his Brotherhood comrades are charged with breaking out of jail during the 2011 uprising against Hosni Mubarak.
The journalists were put on trial on charges of aiding Egyptians belonging to a “terrorist organisation”.
The region witnessed a strong rise in deal value and volume, aided by rising business confidence and improved liquidity.
As part of an interim agreement, Tehran curbed some nuclear activities for six months in return for limited sanctions relief.
Patrick Delivanis replaces Klaus Froehlich, who is relocating to Frankfurt for a senior investment banking role.
GCC governments should reform the education curricula and equip young job seekers to meet the demands of the private sector, a report says.
Mursi is on trial in three cases and charged in two others.
The GCC could champion regional economic integration in the coming years, writes the founder and president of Nasser Saidi & Associates.
OPEC said global demand will rise by 1.09 million barrels per day this year, up about 40,000 bpd from its previous forecast.
The amount represents a compound annual growth rate (CAGR) of nearly 12 per cent.
GCC governments need to formulate effective labour market policies and offer female friendly workplaces.
The majority of children in the Arab world are failing to learn while at school, a new report says.