Business & Management

UAE economy sees strong first-half performance



A new report showed that the UAE economy was “back in business” with increased hydrocarbon output from Abu Dhabi pushing growth and non-oil indicators in Dubai looking more positive.

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Kuwait announces 1,100 projects valued at US $125 billion


Kuwait has announced over 1,100 projects with a joint value of about US$125 billion to be completed over the next 20 years in a bid to kick start economic development in the country.

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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.

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Global competitiveness rankings highlights affects of turbulence


The latest World Economic Forum's 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.

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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.

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