Tag Archives : development

Saudi renewable energy projects in global spotlight

Saudi Arabia has a growing population with a steadily rising demand for energy as consumption increases by 7-10 percent each year, according to experts attending the high-profile event in Riyadh on “Empowering Saudi Arabia’s emerging renewable sector”. They said 80 percent of the Kingdom’s GDP is dependent on oil revenues. Although rich in oil, the […]

Riyadh tops in real estate with SAR99bn deals

Riyadh, with SR99 billion real estate transactions, has ranked as the most sought-after city in the Kingdom. The capital city outweighs Jeddah, which had recorded more than SR90 billion of real estate transactions as per the real estate index issued by the Ministry of Justice. The real estate sector has revealed the positive impact of […]

GCC Islamic banking assets set to exceed $515 bn by 2013-en

MUSCAT — Global Islamic banking assets with commercial banks reached $1.54 trillion in 2012, according to EY’s Global Islamic Banking Center. This includes both Islamic banks and Islamic windows of conventional banks. The annual growth of the industry remains at 16 per cent (5-year CAGR) which is faster than the growth of conventional banking system […]

Saudi deal driving force for Gulftainer’s growth

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 […]