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…
Day: May 19, 2014
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…
Dubai water projects excite the market
Two major Dubai waterside projects are exciting the UAE construction market. MEED reported today that Shaikh Mohammed Bin Rashid al-Maktoum had approved the $544m Dubai Creek waterside project which will be developed by Meraas. Companies in Dubai are also preparing…
Trump returns to Dubai real estate market
US developer Donald Trump today launched the 42 million square foot golf community that he is developing in Dubai in collaboration with Damac Properties. The Akoya by Damac includes the Trump International Golf Course, Dubai and 104 Trump Estate villas. The…