French carmaker Renault opened its first plant in Algeria on Monday at a cost of €50 million ($62 million) to boost its presence in Africa's second-biggest auto market.
The group set an initial production target of 25,000
The net profit of Dubai Financial Market (DFM), the Gulf's only listed bourse, more than tripled in the second quarter on higher trading volume, the exchange said on Thursday.
The firm, which runs securitie
Internet in Bahrain is expected to triple in speed in the next four years with the introduction of a nationwide fibre optic network.
A three-year plan that will connect 80 per cent of the country with fibre opt
Gulf Extrusions, one of the largest aluminum extrusion plants in the Gulf region, has witnessed a three-fold increase in its export volumes to the Indian market in the first two quarters of 2012, said a senior official.
A part of the Al
Kuwait Oil Company plans to more than triple output at its gas fields to 600,000 cubic feet per day through second-phase development of a non-associated gas production programme, said a top official.
Kuwait would boost production to more t
Oman is planning to introduce a value added tax (VAT) as part of a government drive to cut its reliance on oil and could bring in the measure as early as next year, a government official said on Monday.
'VAT is certainly on the cards and i
Demand for commercial space in Abu Dhabi could triple during the next three years as the economy grows and population expands, said Dubai-based Islamic mortgage company Tamweel.
The demand last year was 1.6 million sq m and that could grow
Burooj Properties, a subsidiary of Abu Dhabi Islamic Bank, plans to triple its capital base ahead of a proposed initial public offering (IPO) in 2010, aimed at financing its growing portfolio.
Managing Director Adel al Zarouni said on Tues