Syrian Civil War … Economic Challenges & Hopes
Syria's civil war has been described as the worst humanitarian crises of the 21st century, as the on-going Syrian conflict has its negative effects...
Starting Mobile wallet
The UAE Banks Federation has approved the mobile wallet programme deeming it ready to be introduced among users, the group mentioned in a statement....
Equate acquires petrochemicals firm
Kuwait’s Equate Petrochemicals is set to acquire MEGlobal for $3.2bn from the US’ Dow Chemical. MEGlobal is headquartered in Dubai and produces 1 million...
Bahrain’s cineplex project
Bahrain Cinema (Cineco) company manages a large number of cinemas and restaurants within Bahrain and the Gulf Cooperation Council countries. The company who owns...
Mobily financial results
Saudi Arabia’s Etihad Etisalat (Mobily) said on Sunday that accounting changes would increase its 2014 loss by about SAR 830m ($221m) to SAR 1.745bn.The...
Saudi Arabia to launch tenders for 2.8GW nuclear plants
Saudi Arabia is likely to begin the process to find a vendor to build the country’s first nuclear reactors as early as next month,...
Kuwait’s effect on the other Gulf markets
A rising tide of delisting from Kuwait’s stock market threatens to widen a gap with rival bourses in the region as companies favor more...
IMF regional economic outlook projects 3.1% GDP growth in MENA
Economic growth in the Middle East, North Africa and Central Asia regions will slow in 2023, underlining the need to accelerate structural...
Sudanese-Russian “unprecedented” gold exploration agreement
The Sudanese Minister of Minerals Ahmed Sadiq al-Karuri dismissed views which questioned the existence of a Russian company that was recently awarded gold mining...
Saving 4 billion barrels of oil
Meeting all stated renewable energy targets in GCC countries would save 4 billion barrels of oil and reduce emissions by 1.2 gig tonnes between...
Deal to build restaurants, villas in Bahrain
Bahrain's Al Bilad Real Estate Investment Company and Al Namal Contracting Company have signed a contract for the construction of the first phase of...
Latest article
Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...