Business & Management

EU agrees to US$4 billion package for Jordan

EU_JordanThe EU has agreed to provide financial assistance package worth US$4 billion to Jordan over the next three years, of which US$1.6 billion will be available in  12 months.

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DIFC expected to double in size by 2016

DIFC_doubleDubai International Financial Centre (DIFC) could double in size over the next five years, according to Abdulla Mohammed Al Awar, CEO of the DIFC Authority (DIFCA).

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Omantel reports 10.3 per cent rise in Q4 profit

OmantelOman Telecommunications Co (Omantel) reported a 10.3 per cent rise in Q4 net profit as the operator's subscriber base grew.

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QEWC to acquire stake in Jordanian power plant

QEWCQatar Electricity & Water Co (QEWC) has agreed to buy a 23.3 per cent stake in Jordan's Amman East power plant from a Bahraini infrastructure fund.

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GCC exports to Brazil reached US$4.2 billion in 2011

GCC_BrazilBrazil is a key trading partner of GCC countries with total imports reaching US$4.2 billion during 2011.

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