Yahoo! is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multi-billion-dollar boon.
The latest windfall will be delivered with Alibaba's recor
Dubai’s hosting of the World Expo 2020 will contribute over $40 billion to its economy, driven largely by an expected influx of 25 million tourists and new investments, according to experts.
Helal Saeed Al Marri, director ge
Millions of dollars have reportedly been pouring into the GCC from increased oil sales since an international embargo was imposed on Iran in July, according to Bahrain-based experts.
They reported a clear market shift with Gulf co
Tourism chiefs in Bahrain said the F1 was 'the best news ever' for the industry and were anticipating a $250 million (BD94.5 million) windfall from this year's Gulf Air Bahrain Grand Prix.
Thousands of people are expected to be
Opec is heading for near-record oil export revenue this year thanks to over $100-a-barrel oil, and many members will be hoping prices stay there as they tackle challenges from higher social spending to oilfield decline.
In 2011, the Organi
Oil and gas prices will continue to rise, providing unique investment opportunities in the Middle East, but major challenges lie ahead for the region, experts at a World Economic Forum (WEF) discussion said.
The region’s greatest challeng
Iran's parliament has approved a bigger budget for 2008-09 totalling the equivalent of $310 billion, Iranian media said on Monday, despite fears this will further stoke inflation in Opec's second biggest producer.
President Mahmoud Ahmadin