Mobile telecommunications company Zain KSA has announced that it will start a rights issue on July 10 that will close eight days later
Technology
Car firm to invest US$245 million into UAE operations
Al Nabooda Automobiles has announced plans to invest AED 900 million (US$245 million) into expanding its operations network in the UAE
UAE Ministries of Health and Economy sign MoU
The UAE Ministries of Health and of Economy have signed a MoU?in order to enhance institutional competitiveness and achieve development strategies between the two departments
ME economies could overtake Chinese low-cost manufacturing output

Qatar, UAE, Saudi Arabia and Egypt have been included in the 25 Rapid Growth Markets. (Image source: Nick Bastian Tempe/Flickr)
The Middle East is well placed to succeed China as a key manufacturing hub for low-cost goods, according to Ernst & Youngs (E&Y) Rapid Growth Markets (RGMs) report
SanDisk targets growing Omani market

SanDisk entire range of products will now be made available in Oman. (Image source: Thomas.L/Flickr)
SanDisk Middle East will start operations in Oman through its partnership with Souq Technology International (STI)