Kuwait Financial Centre (Markaz) recently published the executive summary of its report on GCC residential real estate. The report examines the current and potential, demand and supply dynamics of the GCC residential real estate market. The report also sheds the light on the key challenges, constraints and pricing trends of the GCC residential real estate […]
Over the past 16 years, the government has spent a total of SR25 billion on developing the holy sites, Dr. Habib Zain Al-Abideen, undersecretary in the Ministry of Municipal and Rural Affairs, has said. The implementation of all projects was smooth, he said. Mina has not seen any fire accidents for 16 years while the […]
Despite a new wave of transport infrastructure schemes, Oman still lags behind neighbouring GCC states Oman has taken significant steps towards developing its transport network, which will include a national railway and the country’s first dual four-lane motorway. But Muscat still has some catching up to do compared with the more advanced transport projects in […]
KHOBAR, Saudi Arabia, Aug 29 (Reuters) – Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land, a senior Kuwaiti energy source said. Dorra has long been a bone of contention between Kuwait and Iran, which also lays claim […]
Dubai: The six GCC (Gulf Cooperation Council) countries have sanctioned $155 billion (Dh596 billion) worth of solar power projects that will generate 84 gigawatts when completed in 2017, according to the region’s first dedicated solar technology exhibition Gulf Sol 2013. Derek Burston, Director of UK-based Bowmedia, organisers of Gulf Sol 2013, said in a statement […]
The Civil Service Affairs Ministry announced on Tuesday that the holidays would begin on Oct. 10 (Thursday, Dul Hijjah 5) and continue until Oct. 20 (Sunday, Dul Hijjah 15), adding that work would resume at government offices on Oct. 21 (Monday). The number of Eid Al-Adha holidays in the private sector varies from company to […]
JEDDAH – The Saudis are the biggest spending tourists in the world, spending a whopping $6,414 for each of their overseas trip compared to the global average of $2,501, followed by the Australians who come close second with an average of $3,962 spent on each trip, Visa’s latest Global Travel Intentions Study said. According to […]
Gulftainer, the Sharjah-headquartered port management and logistics group, is set to witness volumes soar in 2013 as the group continues to expand its global footprint. As the operator of the largest number of terminals in the Middle East, Gulftainer stands to benefit from the considerable growth in export cargoes from the region. The rapidly developing […]
Economists confirm that e-commerce in Saudi Arabia is experiencing a high growth, estimating its value at SR15 billion per year. The size of the market is expected to increase at high rates in the coming years due to the eradication of trading obstacles, creating an ideal solution for buying low priced items and with minimal […]