Economic growth in the Middle East and North Africa (Mena) region will likely reach 4.5 per cent in 2010 and 4.8 per cent in 2011 due to commodity price strength, rising external demand and robust government spending programmes, the International Monetary Fund (IMF) said in its World Economic Outlook report.
Gulf economies have embarked on a new growth chapter and the UAE remains one of the region?s powerhouses, Nomura, one of the leading global investment banks, said in a latest study. ?Its plentiful hydrocarbon resources and successful diversification drive have combined to create an economy with strong medium-term prospects,? Ann Wyman, Managing Director and Head of Emerging Market Research, Europe, said for the UAE. ?But the economic crisis has hit the country particularly hard, exposing some weaknesses in its rapid non-oil expansion of recent years.?
ABN Amro Bank N.V., which has moved its Middle East private banking operations to the Dubai International Financial Centre (DIFC), hopes to grow its assets under management from regional clients, a senior executive of the bank said recently.
ABN Amro Bank N.V., which has moved its Middle East private banking operations to the Dubai International Financial Centre (DIFC), hopes to grow its assets under management from regional clients, a senior executive of the bank said recently.
p>ABN Amro Bank N.V., which has moved its Middle East private banking operations to the Dubai International Financial Centre (DIFC), hopes to grow its assets under management from regional clients, a senior executive of the bank said recently.Kuwaits parliament gave initial approval to a much-delayed privatisation bill allowing the sale of some state-owned entities, including some downstream assets in the countrys energy sector. Kuwaits oil and gas fields are off-limits to foreign investment and would remain so, the countrys Deputy Prime Minister for Economic Affairs Sheikh Ahmad Al Fahad Al Sabah said. It was unclear which assets may be up for privatisation. Several lawmakers opposed the inclusion of any energy assets in the bill, which they say should remain under the governments control to avoid corruption.
Kuwaits parliament gave initial approval to a much-delayed privatisation bill allowing the sale of some state-owned entities, including some downstream assets in the countrys energy sector. Kuwaits oil and gas fields are off-limits to foreign investment and would remain so, the countrys Deputy Prime Minister for Economic Affairs Sheikh Ahmad Al Fahad Al Sabah said. It was unclear which assets may be up for privatisation. Several lawmakers opposed the inclusion of any energy assets in the bill, which they say should remain under the governments control to avoid corruption.
p>Kuwaits parliament gave initial approval to a much-delayed privatisation bill allowing the sale of some state-owned entities, including some downstream assets in the countrys energy sector. Kuwaits oil and gas fields are off-limits to foreign investment and would remain so, the countrys Deputy Prime Minister for Economic Affairs Sheikh Ahmad Al Fahad Al Sabah said. It was unclear which assets may be up for privatisation. Several lawmakers opposed the inclusion of any energy assets in the bill, which they say should remain under the governments control to avoid corruption.Bahrain has emerged as a globally competitive economy, said American Chamber of Commerce in Bahrain president Adel Al Safar. He was speaking as an AmCham Bahrain delegation wrapped up a business development mission organised by the National US-Arab Chamber of Commerce (NUSACC) in Washington. The delegation took part in activities in support of US-Bahrain trade and investment and a reception hosted by Bahrains Ambassador to the US Huda Nonoo.
Bahrain has emerged as a globally competitive economy, said American Chamber of Commerce in Bahrain president Adel Al Safar. He was speaking as an AmCham Bahrain delegation wrapped up a business development mission organised by the National US-Arab Chamber of Commerce (NUSACC) in Washington. The delegation took part in activities in support of US-Bahrain trade and investment and a reception hosted by Bahrains Ambassador to the US Huda Nonoo.
p>Bahrain has emerged as a globally competitive economy, said American Chamber of Commerce in Bahrain president Adel Al Safar. He was speaking as an AmCham Bahrain delegation wrapped up a business development mission organised by the National US-Arab Chamber of Commerce (NUSACC) in Washington. The delegation took part in activities in support of US-Bahrain trade and investment and a reception hosted by Bahrains Ambassador to the US Huda Nonoo.
EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)
Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)
The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)
Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)
The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)
Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)
Daryl Wake, business development manager, DEKRA
SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)
DEWA's SAP upgrade drives innovation, sustainability, and efficiency in Dubai's utilities. (Image source: Adobe Stock)
Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)
The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)
An example of the kanban method deployed at Staytite. (Image source: Staytite)
DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)
Markus Oberlin, CEO of Farnek. (Image source: Farnek)
EGA and Masdar leadership at the signing of the agreement. (Image source: Masdar)
Baudouin is catering to the demands of the data centre markets with the release of three new uprated DCP ratings. (Image source: Canva)
Energy technology takes spotlight at the MEE. (Image source: Adobe Stock)
The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)
UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)
SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)
The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)
DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)
An example of the kanban method deployed at Staytite. (Image source: Staytite)
Markus Oberlin, CEO of Farnek. (Image source: Farnek)
Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)
The emphasis is on constantly optimising value creation processes. (Image source: Rittal)
With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.
The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)
The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)
