Egypt's planning minister expects the economy to grow at a pace of less than five per cent in the first quarter of the 2015-2016 fiscal year but to accelerate in coming years, stimulated by new investments and mega projects.
Economic growth in the United Arab Emirates is expected to remain strong driven by the ongoing momentum in the non-oil economy, the IMF has said.
The economy is estimated to have grown by 4.5 per cent in 2013, supported by tourism, hosp
If the various mega projects announced by Dubai are not implemented prudently, they could result in a real estate bubble, the International Monetary Fund (IMF) has warned. The projects could also create additional financial risks for Dubai, it s
Globe Express Services, one of the world’s top 100 global logistics providers, has announced that it has intensified its regional growth plans by providing a full array of innovative supply chain solutions in Kuwait.
With 2013 forecasted to be a year of optimism and opportunity for construction in the Middle East, all eyes are back on governments in the region and how they propose to manage their spending, according to a report.
In a region where th
Dubai has rediscovered its appetite for grand designs. A replica Taj Mahal four times bigger than the original, the world's biggest Ferris wheel, several new mega-malls, and over 100 new hotels are amongst a raft of extrava
The massive new BD200 million ($530.4 million) Manama Central Market development project will send a clear message to global investors that Bahrain is stable and open for business.
This project will send a message to all in Bahrain and to
A series of mega government-funded development projects could be on the way in Bahrain with His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa gaving directives for feasibility studies to be launched.
"The huge develop