GCC equity markets rose by more than 20 per cent in the first four months of 2014 to $1.14tn, according to a report issued today by the National Bank of Kuwait (NBK). “By the end of April, the region had…
Middle East’s first self-scanning shop to open in Madinat Zayed in June
The Middle East’s first supermarket using self-scanning technology is due to open in Madinat Zayed in Abu Dhabi’s Western Region in June, the 2nd Al Gharbia Development Forum in Abu Dhabi was told this afternoon. The new shop, branded as…
Western Region of Abu Dhabi needs more social infrastructure, Al Gharbia Forum told
The 2nd Al Gharbia Development Forum was told this morning that more investment is needed in housing and social infrastructure to support the drive to increase business activity and employment in the Western Region of Abu Dhabi. “We need to…
Al Gharbia Forum told Western Region development programme producing results
The 2nd Al Gharbia Development Forum was told this morning that the development programme for the Western Region of Abu Dhabi is beginning to deliver results. “We will be announcing a number of vital projects later today at this conference,”…
IMF forecasts Omani growth to be 5.5 per cent in 2014
Oman’s real GDP growth was 5.5 per cent in 2013 and will remain at this level in 2014, according to an IMF statement released earlier in May following an IMF mission to the sultanate. “Fiscal and external sectors are estimated…
IMF report highlights high unemployment in key Arab states
The IMF Survey published on 16 May contained fresh confirmation of the shockingly high unemployment in key Arab states. The survey reports unemployment in the Middle East and North Africa is among the highest in the world. It is also largely…