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Oman’s largest IT expo Comex 2009 goes green

COMEX 2009, Oman’s largest IT, Telecom and Technology Expo, is all set to be held from May 25 to 29 at the Oman International Exhibition Centre ...

Libyan Foreign Bank eyes capital hike, acquisitions

State-owned Libyan Foreign Bank (LFB) plans to raise its capital 10-fold to $10 billion to finance acquisitions in Europe and Africa and will up its ...

Egypt to invest more than USD 2.7 billion in power production

Hassan Yunis Egypt’s minister of electricity as saying that Egypt has earmarked almost EGP 16 billion for investment in electricity for the FY 2009-2010.

Gas Powers Dramatic Qatar Economic Growth

Qatar's economy made massive strides in 2008 as gas production enabled the tiny Gulf state to mitigate the impact of the global meltdown, a Kuwaiti ...

Dubai recorded the highest growth during 2001-07.

Abu Dhabi maintained its position as the largest economy in the UAE while Dubai recorded the highest growth during 2001-07. The report gave no figures ...

Heavy investments boost the UAE economy

Heavy investments boosted the UAE economy by at least 20 per cent in current prices during the oil boom of the past eight years to catapult the ...

Egypt’s E-Finance system first phase goes live

Egypt’s E-Finance and Bahwan CyberTek announced that the electronic payment services at Cairo was operational in its first phase and the first set ...

JORDAN: Agriculture threatened by worst rainfall in 50 years

Jordan Valley Farmers are experiencing a severe lack of rainfall and urgent steps are needed to expand the area covered by greenery and promote the efficient ...

Kuwait to import electricity from Qatar

Kuwait plans to sign a deal to import electricity from Qatar next week to cover possible power shortages until 2010, Kuwaits electricity and water minister ...

ADCB Awarded ”The Bank of the Year”in the Middle East

ADCB has been awarded “The Bank of the Year” at this year’s CEO Middle East Awards. The CEO Middle East awards were hotly contested ...

Worst over’ for Kuwaiti banking sector

Dark clouds expected to start lifting. (Getty Images)First-quarter profits at Kuwaiti banks are expected to decline year on year, but improve from ...

UAE weathers global financial storm

The UAE economy navigated safely and confidently through the rough sea of the 2008 global financial crisis which rocked most of the world economies, according ...
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