Friday 29 August 2014
 
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growth

US economy rebounds as demand drives growth

The US economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses. Gross domestic product (GDP) expanded at a 4.2 per c

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Global renewable energy expansion to slow to 2020: IEA

Last year power capacity from sources such as wind, solar or hydro expanded at its fastest pace to date, putting renewables on a par with natural gas at almost 22 per cent of global electricity generation.   Howe

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Emirates Transport posts $408m revenues

Emirates General Transport and Services Corporation has recorded a Dh1.5 billion ($408.3 million) in total revenues last year, maintaining an annual growth rate of 18 per cent over the part five years, said a report. The company h

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DI units ride high on Mideast construction boom

Dubai Investments (DI) has clinched significant orders and projects for 18 of its subsidiaries involved in the manufacturing of building materials and construction products. A leading investment company listed on the Dubai Financi

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DI units ride high on Mideast construction boom

Dubai Investments (DI) has clinched significant orders and projects for 18 of its subsidiaries involved in the manufacturing of building materials and construction products. A leading investment company listed on the Dubai Financi

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Qatar tyre market to grow at 6pc

The tyre market in Qatar is forecast to grow at a compound annual growth rate (Cagr) of about 6 per cent during 2014-19, according to a recently released TechSci research report "Qatar Tyre Market Forecast & Opportunities, 2019''

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SNIC premiums register 23pc growth

Bahrain-based Saudi National Insurance Company (SNIC) has reported a growth of 23 per cent in gross written premium at BD11.2 million ($29.70 million) for the first six months of the year when compared with BD9.1 million ($24.1 million) for the

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GCC 'needs a strong financial sector'

Economic growth in the GCC countries has been high over the last decade and has been comparable to growth in the emerging markets, while it was considerably higher than in the world at large, said an expert. In order to maintain s

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Alubaf net profit soars 32pc to $23.4m

Bahrain-based Alubaf Arab International Bank, a wholesale bank, has reported 32 per cent growth in net profit at $23.4 million for the six months ended June 30, compared with $17.8 million for the corresponding period last year. Net pro

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Oman’s logistics market set for steady growth

The nascent transportation and logistics market in Oman will witness steady growth over the next five to seven years due to planned investments in logistics infrastructure and industrial development in the country, said a new report.

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