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$20bn Kuwait Metro to have 61 stations

The planned Kuwait Metro project will have 61 stations on three railway lines covering all areas and

$12bn Jeddah Metro to roll out by 2022

The Jeddah Metro, which will cost about SR45 billion ($11.9 billion) to build, will be ready by 2022, a top official was quoted as saying in a report

GFH repays $25m to debt holders

Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33 million

Prince Alwaleed stays Mideast’s richest with $30bn

Prince Alwaleed bin Talal, the CEO and founder of Kingdom Holding, remains the Middle East's richest with a fortune of $30 billion, according to the latest Wealth-X's Middle East Rich List.

Foreign direct investment in GCC declines 14pc

Foreign direct investment (FDI) in the GCC fell to $24 billion last year from $28 billion in the previous year, down 14.6 per cent, according to United Nations Conference on Trade and Development’s (UNCTAD) annually published

Mena IPO proceeds jump 129% in Q2

The Middle East and North Africa (Mena) initial public offering market continued its recovery to end the first half of the year strongly, according to Ernst and

Qatar real estate projects to hit $9bn

Qatar’s real estate project value is set to reach QR35 billion ($9.6 billion) in the next five year, with about 25,000 housing unites to be available by the end of

Growing popularity of Islamic finance underlined

Dubai Chamber of Commerce and Industry underlined the growing popularity of Islamic finance over the conventional sector in a preparatory report for

Professional job opportunities rise 21pc in UAE

Professional job opportunities across the UAE increased by 21 per cent between the first and second quarters of 2014, according to a new survey by global recruitment

Mideast packaging industry to grow 5pc annually

The $4 billion worth flexible packaging industry in Middle East and Africa is forecast to grow five per cent annually and is one of the fastest growing

Maserati sales soar in Mideast, Africa

Italian luxury car manufacturer Maserati has exceeded its 2013 Middle East and Africa (MEA) sales in the first half of this year, while continuing its global expansion strategy.

GCC states ‘top in food waste’

The Gulf Cooperation Council (GCC) states are among the world's top generators of food waste with the six states accounting for over 150 million tonnes of
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