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Lebanon’s travel, tourism industry to contribute 9.3 percent of GDP

The World Travel & Tourism Council (WTTC) estimated that the travel and tourism industry would contribute directly $2.59 billion to the Lebanese economy ...

Kuwait population: 1 million citizens and 2.3 million expats

Recent statistics about Kuwait's population and manpower were issued by the Statistics Department at the Public Authority For Civil Information (PACI). ...

Bahrain ranked ‘Best For Business’ in the Gulf by Forbes

Bahrain is ranked No. 1 in the GCC and 33rd of 127 economies in Forbes’ Best Centres for Business 2009 report, confirming that the Kingdom ...

Shaw awarded contract to continue work on Sonatrach LPG recovery facility in Algeria

The Shaw Group Inc.announced its Energy & Chemicals Group has been selected to provide engineering services for Sonatrach’s planned 24 million standard ...

Middle East consumer confidence drops

Job seekers remain optimistic for the future with 28% of respondents believing business conditions, and 25% believing the country's economy, ...

UAE investment fund takes 9.1pc stake in Daimler

An Abu Dhabi state investment fund has agreed to take a 9.1-percent stake in Germany’s Daimler, the manufacturer of Mercedes Benz cars and the ...

Opening of Middle East’s Largest Pump Manufacturing, Repair and Testing Facility in the Saudi Arabia

Flowserve Corporation , a leading provider of flow control products and services for the global infrastructure markets, and Al-Rushaid Group (Dhahran, ...

Kuwait to emerge as trade hub

Kuwait is pursuing an aggressive strategy to become an established trade and financial center through its participation in the Arabian Travel Market 2009 ...

Qatar Insurance sector posts modest growth

The domestic insurance market had a modest growth against the national economy recorded an impressive real GDP growth in 2008, said Abdullah ...

Oman best placed in Gulf to face crisis

The Sultanate is best poised among all Arab Gulf nations to face the challenges of the current economic crisis that has led to a worldwide slowdown ...

Dubai Logistics City licenses first firm

Dubai Logistics City (DLC), part of the multi-modal integrated logistics platform in Dubai World Central (DWC), a 140 square kilometre urban land development in south-west Dubai, has licensed its first logistics ...

DFM awarded Durrat Al Bahrain project

Ahead of its first day of listing on the Dubai Financial Market (DFM), Drake & Scull International PJSC (DSI) announces that it has been awarded its ...
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