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Middle East’s Pharma Industry Needs More Private Sector Investment

The region’s pharmaceutical industry is expected to experience sustainable growth in medium to long term, a new study says.

Arab Funds Among Bidders For Australia’s Queensland Motorways

The consortium of bidders for Queensland Motorways include the Kuwait Investment Authority.

Rolls-Royce Reveals Bespoke Waterspeed Collection Sketch

Rolls-Royce Middle East reported a fourth consecutive record year in 2013, with sales up 17 per cent year-on-year.

Islamic Bank Of Britain Gets Fresh Capital, Plans Expansion

The injection will allow IBB to grow its retail operations and develop its commercial business.

Marriott MEA To Open 13 New Hotels By 2017

New openings include Dubai, Saudi Arabia, Abu Dhabi, Rwanda and Ghana.

Arabtec Plans To Hire 10,000 Across The Middle East

The Dubai-based construction company is targeting young recruits for the new roles.

GCC Petrochemical Exports To Surge In 2014 – GPCA

GCC petrochemical exports are expected to rise due to the Bali Package, which aims to cut the cost of trade by 15 per cent.

Middle East Peace Mediators To Meet In Munich

UN secretary-general Ban Ki-moon will meet with Tony Blair and Russian foreign minister Sergei Lavrov.

Ford Middle East Reports 12% Rise In 2013

Ford recently announced its fifth global business unit – Ford Middle East and Africa.

Investment Banks In Middle East To Remain Profitable In 2014- Report

Investment banks in the Middle East have been growing as regional markets continue to recover from the global financial crisis, says Frost & Sullivan.

Saudi Arabia To Give Egypt Up To $4bn More Aid

GCC states have given Egypt billions of dollars since the army toppled President Mohamed Mursi.

Egypt To Put Al Jazeera Journalists On Trial

In a statement, the prosecutor said the four had published “lies” that harmed the national interest.

Arabtec Expands Into Iraq With Baghdad Office

The Dubai firm has started looking for candidates for senior management posts including for the position of CEO.

GCC Can Be Melting Pot For Global Energy – CEO

Energy CEO of DNV GL says the Gulf needs to look at the cost of energy and its sustainability.

Stocks News: Gulf Vulnerable To Further Profit-Taking

The Dubai index has dropped for two consecutive sessions but is still up in January.

Roche To Add Staff Across Middle East Offices In 2014

Swiss biotech firm Roche has said that it will increase its regional workforce from 300 to 375 in 2014.

GCC Nationalisation Schemes Creating “Ghost Workers”

Most of these schemes have failed in the past and can only be successful when accompanied by wage reforms and skill match up by locals, says new study.

Dubai Retailer Majid Al Futtaim Plans To Invest $2.3bn In Egypt

The company expects to complete construction of its ‘Mall of Egypt’ project near Cairo by the end of 2015.

Middle East CEOs’ Confidence Rises Sharply In 2014

Middle East CEOs are the most confident globally about short-term revenue growth in 2014.

Renault Middle East Sales Up 19%

The French car company sold over 55,000 units in the region with the UAE recording the biggest increase.

Egypt Tourism Revenues Down 41% In 2013 Vs 2012

Egypt’s tourism sector has shrivelled since former president Hosni Mubarak was toppled by a popular uprising in 2011.

Rolls-Royce Launches Limited Edition Ghost V-Specification

Interested customers in the GCC can commission the limited edition model between January and June 2014.

Arabtec Wins Dhs5.7bn Contract In Jordan

The project is an integrated entertainment, hospitality and leisure development and is expected to boost Jordan’s tourism industry.

MENA To Invest $50bn In Solar Power Sector By 2020

The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.

Different Arab money

Middle East Investment Banking Fees Up 20% In 2013

Total fees rose to $722 million in 2013, the highest since 2010.

Middle East Professionals Consider Flexible Working Vital

A study has shown 71 per cent believe flexible working improves staff retention.

Israeli Minister To Lead Delegation To Abu Dhabi Energy Summit

The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.

OPEC Outages Cut Its Oil Output To Below 2014 Demand

OPEC sees fast growth in 2014 of 3.5 per cent, up from 2.9 per cent in 2013 as monetary stimulus continues.

MENA Green Energy On The Rise

With local energy demand surging, green power is rapidly gaining traction.

Jaguar Land Rover MENA Up 46% In Record Year

Land Rover sales in the region were up 49 per cent on the previous year while Jaguar saw a rise of 30 per cent.