G8 and IMF pledge US$38mn to help Arab states
Finance ministers from the G8 group of industrialised countries have pledged US$38mn to several Arab countries to help with reconstruction and moves towards democracy.
Business & Management
Global competitiveness rankings highlights affects of turbulence
The latest World Economic Forums Global Competitiveness Report 2011-2012 ranks Qatar as the region most competitive economy and highlights the affect the recent turbulence in the region has had on North African economies.
GCC invests an extra US$150 billion due to Arab spring
According to a new report from Bank of America Merrill Lynch (BofAML), governments in the Gulf Cooperation Council (GCC) have sharply increased spending in the wake of recent political unrest in the region, with the report estimating additional investment at US$150 billion.
Omani construction spending to increase in 2012
Government spending in Oman is set to increase by nine per cent in 2012 from this year to finance construction projects and create more jobs for nationals.
Modon has spent US$1.86 billion on industrial cities
Modon revealed that the total cost of the establishment, expansion and development of industrial cities in Saudi Arabia over the past four years has amounted to about US$1.86 billion.
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