Tuesday 2 September 2014
 
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Bahrain construction sector grows 40pc

Bahrain’s construction sector has grown by 40 per cent since January, it was revealed yesterday ahead of a major construction event. The figures were released as Bahrain steps up preparations for the annual GCC Construction

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Kuwait to double power, desalination capacity

Kuwait’s Electricity and Water Ministry is set to more than double power generating and desalination capacity by 2017 to cater to the growing demand, with billions to be invested over the medium term, said a report. The new

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Kuwait to double power, desalination capacity

Kuwait’s Electricity and Water Ministry is set to more than double power generating and desalination capacity by 2017 to cater to the growing demand, with billions to be invested over the medium term, said a report. The new

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Saudi economy to grow 4pc this year

Saudi Arabia’s economy is set to grow four per cent this year as its real GDP growth will remain at 3.8 per cent, said a report. The Bank of America Merrill Lynch’s Mena Equity Strategy report pointed out that this &ls

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Bahrain insurance premiums grow 8pc

Bahrain insurance market has posted a gross premium increase of eight per cent to register BD258.41 million ($681.7 million) last year, compared to the previous year, according to the Central Bank of Bahrain.

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Bahrain banks' loans set to grow 10 pc

A spurt in industrial and commercial activity in the first half of the year suggests that bank lending in Bahrain is likely to grow at 10 per cent this year, reported the Gulf Daily News, our sister publication, citing a senior financial expert.

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Opec sees oil market balanced for rest of the year

Oil markets should be balanced during the second half of this year with extra production sufficient to meet growing demand, Opec said on Thursday, suggesting oil prices may be fairly stable despite worries over lost supply.  

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Marijuana plant grower jailed in Bahrain

A businessman has been jailed and fined for growing marijuana at his home in Bahrain.   The 24-year-old Bahraini was sentenced to 12 months behind bars and fined BD1,000 (2,624) by the High Criminal Court yesterd

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Global demand for cement to hit $21bn

The global demand for cement and concrete additives is projected to increase 9.3 per cent annually to $21.2 billion in 2017, said an expert.   Mike Richardson, an analyst, said: “Although growth in world ce

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Mideast mobile data traffic to grow 14-fold

The mobile data traffic in the Middle East and Africa (MEA) region is set to increase 14-fold by 2018, said a new Cisco study. The Cisco Visual Networking Index Global Mobile Data Traffic Forecast for 2013 to 2018 said that across

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