E-commerce in the Middle East: Virtual gold rush
Internet ventures are no longer a mirage in the Arab world. The challenges for start ups remain, but the landscape has evolved and is continuing to grow…read more
IMF chief praises GCC for managing oil prices
Managing director of the International Monetary Fund (IMF) Christine Lagarde has praised GCC governments for helping to stabilize the global economy by managing crude exports. …read more
Oman economy forecast to expand 6.4 per cent in 2012
Oman’s gross domestic product growth expected to rise for third consecutive year as foreign investment doubles. GDP is forecast to rise 6.4 per cent in 2012. …read more
Oman targets increased foreign investment
Government institutions aim to boost foreign participation in Oman’s economy
Oman’s primary economic institutions are aiming to improve the business environment in Oman in a bid to boost private sector involvement and foreign direct investment. …read more
Ras al-Khaimah site to house GCC’s first clean-coal power plant
Utico Middle East and Shanghai Electric sign agreement to develop 270MW coal-fired power plant. The local Utico Middle East and China’s Shanghai Electric have agreed to build a AED1.5bn ($408m) clean coal-fired power plant in Ras al-Khaimah, the first clean coal power plant in the GCC. …read more
The cost of Dubai’s solar power plans
Dubai aims to generate 5 per cent of its power from renewable resources by 2030
With little remaining hydrocarbon resources, Dubai needs to look for alternative sources of energy for power generation in the future. …read more
Mubadala back in profit in first half
Abu Dhabi government-owned investment vehicle Mubadala Development Company has reported a profit of AED851m ($232m) for the first six months of 2012, taking the company back into profit after a loss of AED1.183bn in the same period of 2011. …read more
IT spending in MidEast forecast to hit $20bn
Middle East spending on information technology (IT) is expected to cross $20bn this year, according to a new report by consultants Frost & Sullivan.…read more
Bahrain's GFH 'committed' to $3bn Tunis project
Bahrain's Gulf Finance House (GFH) said it was committed to a multi-billion plan to build Tunisia's first offshore financial center.…read more
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