Business & Management

Doha Bank provides US$85mn to Kuwaiti project developer

dohabank-gabi-flickrQatar’s Doha Bank has closed a project finance deal worth US$85mn with Kharafi National of Kuwait

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UAE and Kenya sign first trade guidance agreement

DIFC-Dubai-KenyaDubai’s DIFC Courts has signed its first Memorandum of Guidance (MoG) with the High Court of Kenya to reinforce the UAE’s position as a major economic gateway to East Africa

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Emirates NBD opens new branch in Sharjah

emiratesNBD-arabiangazette-flickrUAE’s leading bank Emirates NBD has opened a new banking branch in Al Nasseriya, Sharjah, making it the eighth branch in the emirate and 99th in the UAE

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Abu Dhabi government likely to reform electricity and water subsidies

power-bernardwee-flickrThe Abu Dhabi government is expected to reform its subsidies on water and electricity, according to a senior International Monetary Fund (IMF) official

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GCC to register 4.5 per cent growth this year, states IMF

christinelagarde-IMF-flickrThe International Monetary Fund (IMF) has forecast a 4.5 per cent growth for the GCC in 2014-15, with the non-oil sector set to grow six per cent annually 

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