The IMF in its annual Article IV report said Kuwait’s growth has quickened in 2014 and that the Kuwaiti economy will continue to record substantial budget and balance of payments surpluses. GDP at current prices is forecast to grow by…
Month: September 2014
MEED conference told Riyadh’s population could hit 10m people in less than 20 years
The population of Riyadh, capital of Saudi Arabia and Arabia’s largest city, could hit 10m in less than 20 years if present growth rates continue, the MEED Saudi Mega Transport & Infrastructure Conference was told today. JLL national director and…
Egypt accelerates nuclear power plan: Al Ahram
The government of Egypt plans to invite bids for a nuclear power plant this year, the Cairo daily Al Ahram reported on 12 September. The newspaper reported that its first nuclear power plant will be sited in the Mediterranean town…
MEED conference told Jeddah’s Prince Sultan Cultural Centre will be city within a city
The Prince Sultan Cultural Centre in Jeddah is being designed to create a new type of community in Saudi Arabia that will promote physical and mental well-being, the MEED Smart Cities conference was told this morning. “This is a fully…
MEED conference told Dubai has solar power purchase and smart meter programme; electric vehicle charging stations
Dubai, 9 September 2014. The Dubai Electricity & Water Authority (DEWA) has launched the Middle East’s first programme to allow private owners of solar power plants to sell electricity into the national grid as part of its AED 7bn smart…
MEED Smart Cities conference told Silicon Park project to be completed in 2017
Dubai, 9 September 2014. Work on the Dubai Silicon Oasis Authority’s (DSOA’s) AED 1.1bn ($270m) Silicon Park is now underway and the scheme will be completed in the final quarter of 2017, the MEED Smart Cities conference was told this…
Qatar real GDP growth to rise to 7.8 per cent in 2016: QNB
Qatar’s inflation-adjusted GDP growth will accelerate to 7.8 per cent in 2016 from 6.8 per cent this year on increases in capital spending and other non-oil factors, the September edition of Qatar National Bank’s Qatar Economic Insight says. “Qatar’s economy…