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GCC ‘set to become aluminum powerhouse’

The aluminum industry in the GCC region is on the brink of becoming a leading global contributor with 13 per cent of the global
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Egypt’s foreign reserves seen plunging

Egypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading
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UAE approves majority foreign ownership

The United Arab Emirates cabinet has approved a draft companies law that may allow foreign ownership above 49 percent,
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Saudi business activity rises to 3-month high

Growth in business activity in Saudi Arabia's non-oil private sector reached a three-month high in November, boosted by faster
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Most ME employees ‘feel engaged at work’

A recent poll conducted by Bayt.com has revealed that while 77 percent of employees across the Middle East feel engaged in their 
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Sial attracts $350m worth of deals

The second edition of Sial Middle East, the regional show of the world’s largest food industry exhibition, concluded last week in
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97pc businesses in Bahrain ‘hit by unrest’

Bahrain's economy was severely affected during the height of the unrest, which caused a devastating impact on 97 per cent of local
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4 Arab states among 25 rapid growth markets

Four Arab countries - Qatar, Saudi Arabia, the UAE and Egypt - are among the world’s 25 Rapid Growth Markets (RGMs), 
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Islamic banking assets set to hit $1.1trn in 2012

Islamic banking assets with commercial banks globally will reach $1.1trn in 2012, a jump of 33 percent from their 2010 level 
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Investcorp to spend $400m on stakes in MidEast firms

Bahrain-based alternative investment manager Investcorp is looking to spend more than $400m on stakes in companies in Turkey
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UAE to bypass Strait of Hormuz with new pipeline

A crude oil pipeline in the United Arab Emirates that will bypass the Strait of Hormuz is nearly complete with first oil to flow next
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GCC seen spending $15bn on ports upgrade to 2016

GCC countries are set to spend nearly $15bn on the expansion of their ports within the next five years to meet growing business,
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