Business & Management

IMF expects GCC economies to grow by 4.4 per cent in 2014

gcc optThe International Monetary Fund (IMF) has estimated that the economies of the six Gulf Cooperation Council (GCC) countries will grow by 4.4 per cent in 2014

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Doha Bank funds Empower’s expansion project at Business Bay in Dubai

DUBAIBUSINESSBAY  huskyte77Middle East-based cooling service provider Empower has secured a US$142mn loan facility from Qatar’s Doha Bank to enable it to fund its expansion plans in Business Bay in Dubai

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Invensys to penetrate Middle East’s power sector

power  woodleywonderworksGlobal technology company Invensys, which already has a presence in the Middle East's oil and gas sector, has revealed plans to penetrate the region’s power sector

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DAFZA slashes capital requirements for new tenants

freezoneThe Dubai Airport Freezone Authority (DAFZA) has reduced the minimum capital requirement for businesses looking to set up their base in the freezone

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Saudi Aramco, GE and Tata launch services centre

Saudi Aramco GE and Tata launch services centreSaudi Aramco, GE and Tata Consultancy Services (TCS) have announced the launch of the first all-female business process services centre in Riyadh, Saudi Arabia

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