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UAE, Egypt award key wheat silos contract

The UAE and Egypt have awarded contracts to build two wheat silos in northern Egypt as part of an assistance package financed by the UAE, and more deals

Saudi prepares sponsorship transfer law

Saudi Arabia's Labour Ministry has finalised a draft law that allows expats to transfer their sponsorship onto new employers without the permission

$350m Saudi pipeline contract on the way

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year, said a report.

Clean energy investments to drive Abu Dhabi growth

Investments in clean energy can play a critical role in driving economic growth in Abu Dhabi’s Western Region, home to Masdar’s Shams 1 concentrated solar

Egypt’s scope to boost local wheat purchase limited

Egypt aims to buy about half of its domestic wheat harvest this year at 4.4 million tonnes and is unlikely ever to get much more from farmers, who need to reserve

Saudi CPC takes over Egyptian glass company

Saudi-based Construction Products Holding Company (CPC) has acquired 100 per cent shares of Egypt’s “Sphinx Glass'” company for $190 million,

Sharjah firm to build largest waste energy plant

Bee’ah, a UAE-based environmental and waste management company, will build the world’s largest advanced thermal energy-from-waste facility in Sharjah,a report said.

Saudi ranks high in public spending on education

Saudi Arabia has been ranked seventh globally for its high public spending on education in the latest 'Learning Curve Index' published by Pearson, a leading learning company, which rates the educational performance

Renewable energy provides 6.5m jobs

Approximately 6.5 million people were already employed in the renewable energy industry worldwide in 2013, a new study by the International

GCC petchem exports top $55bn in 2013

The GCC exported approximately 79 per cent of its total product portfolio to 177 countries last year, amounting to 63.4 million tons of chemicals, while petrochemical exports for the year were valued at $55.5 billion,

Modest growth in Dubai residential market

Following a solid 2013, Dubai’s residential property market is showing signs of more modest growth in the first quarter of 2014, as regulations such as

Bahrain set for big Islamic finance summit

More than 400 key players, regulators and thought leaders in the global Islamic funds and investments industry are set to gather in Bahrain next week for the 10th anniversary special edition of the World Islamic Funds and Financial
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