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Saudi steel demand seen rising 8pc |
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 Demand for steel in top oil exporter Saudi Arabia is expected to rise this year by 8 percent with consumption nearing 6.4 million tonnes, Saudi Arabian Basic Industries (Sabic) said on Wednesday.
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Citadel Capital registers strong growth |
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 Citadel Capital, a leading private equity firm in the Middle East and Africa, has witnessed strong growth in net asset value, revenues and profits with its net earnings surging to EGP 211.4 million ($38.1 million).
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GCC market 'to play key role in global economy' |
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 The trillion-dollar GCC market will be a springboard to help the countries of the region develop as major players in the global economy, Economic Development Board (EDB) chief executive Shaikh Mohammed bin Essa Al Khalifa has said.
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Arabia CSR Network, Hawkamah sign deal |
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 The Arabia CSR Network and Hawkamah Institute for Corporate Governance today signed a MoU aimed at enhancing corporate governance and sustainable business practices in the UAE and the GCC region.
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Qatar Traffic, IBQ launch road safety drive |
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 Qatar Traffic and Patrols and the International Bank of Qatar (IBQ) have launched the second phase of the Schools without Accidents campaign with a series of new Traffic Week activities aimed at promoting road safety awareness.
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Yemen rebels free 178 soldiers, civilians |
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 Yemen Shi'ite rebels have freed 178 captive government soldiers and civilians, Al Arabiya television reported on Wednesday, a day after Sanaa accused them of dragging their heels on implementing a truce deal.
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Egypt eyes private wind farms |
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 Egypt is likely to launch the second round of bidding in mid-2011 to choose from 10 firms short-listed to build its first private wind farm, a World Bank energy specialist said on Tuesday.
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Abu Dhabi forum to bolster SMEs |
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 UAE’s burgeoning small and medium enterprises could get a boost at an upcoming event in Abu Dhabi that will provide a platform to help develop young entrepreneurs as well as drive innovation in new and established businesses.
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Oman's Ominvest is planning to build a $1 billion tourism resort in the southern port city of Salalah, the company's chairman said on Wednesday.
Saudi Arabia's Arabtank Terminal (ATTL) is boosting its oil storage capacity at the Red Sea coast port of Yanbu by 580,000 cu m, industry sources said.
Dubai Investments Park (DIP), a wholly owned subsidiary of Dubai Investments, has announced the launch of the eighth and the final phase of the 2,400 hectare mixed used development.
Roche Holding's experimental drugs to treat melanoma and raise 'good' HDL cholesterol could transform treatment of cancer and heart disease, its chief executive said.
Kitchens & beyond, in collaboration with Poggenpohl, the world’s leading luxury kitchen brand, launched its newly refurbished showroom in Dubai.
Hackers have flooded the Internet with virus-tainted spam that targets Facebook's estimated 400 million users in an effort to steal banking passwords and gather other sensitive information.
Jones Lang LaSalle, a property investment and advisory firm, plans to double its staff in Saudi Arabia within a year as it expands its Middle East business, an executive said.
Bahrain Duty Free saw revenues down by 7.7 per cent while net income saw an increase of 2.1 per cent last year.
Emerging stock markets will easily outpace gains seen this year for rich world counterparts, where there are signs of waning enthusiasm after 2009's historic rally, Reuters polls have showed.
Jordan National Shipping Lines (JNSL) posted operational revenues of JD17.15 million ($24.2 million) during 2009, an increase of 21.85 per cent compared to JD14.075 million in 2008.
Financial incentives aimed at encouraging healthier food choices are catching on all over the world, says a report.
Bahrain has launched a new corporate governance code which is designed to strengthen the kingdom's position as a business and financial centre.
Experts will present the latest technologies, equipment and ecological methods aimed at increasing local food production at an upcoming major agribusiness show in Dubai.
