Dubai accounts for 30% of the luxury market in the Middle East
Dubai is increasingly attracting more luxury shoppers from around the world and accounts for 30 per cent of the luxury...
Business
Saudi SABIC awards $387 million contract for new plastic plant
Saudi Basic Industries Corp (SABIC) has awarded Spanish firm Dragados a $387 million contract to design and build a new...
Saudi Kayan and Daelim sign $290 million construction deal for butanol plant
South Korea's Daelim Industrial Co has signed a 1.1 billion Saudi riyal ($290 million) contract to build a butanol plant...
Saudi MODON to allocate lands for 600 factories
Saleh Al-Rasheed, director general of Saudi Industrial Property Authority (MODON ), says lands have been allocated to establish 300 factories...
Saudi Arabia tops region in Market sophistication
Saudi Arabia together with the UAE, Qatar and Kuwait lead the Middle East in overall innovation performance, according to the...
GM and Honda to develop hydrogen fuel-cell vehicles by 2020
General Motors and Honda will jointly develop hydrogen fuel-cell vehicle systems over the next seven years, the latest alliance in...
The Middle East accounts for 4% of global individual wealth
The financial wealth of high net worth individuals (HNWI) around the world reached a record high of $46.2 trillion in...
Doha Metro lays tracks for new opportunities
Doha Metro, implemented by Qatar Rail, will provide numerous investment opportunities for the country's private sector in construction, operations and...
Saudi PPPP 2014 to showcase latest technologies
Investments into Saudi Arabia’s petrochemical sector have reached a staggering SAR 3.6 trillion, making the Kingdom a primary source of...
GM, Chrysler and Ford planning to set up plants in Saudi Arabia
American car manufacturers GM, Chrysler and Ford are seriously studying proposals to set up their plants in Saudi Arabia. The...
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