United Arab Emirates
The United Arab Emirates has adopted a civilian nuclear energy law that paves the way for contracts worth US $41 billion for the construction of power plants....
Bahrain announced plans to expand it’s airport to keep with growing competition from airports. This will aid the country’s efforts to diversify its economy in the face of dwindling oil revenue....
GCC states announced plans for a new US $2 billion agricultural fund in coming months to secure food supplies by buying stakes in existing agricultural firms....
The chart shows absolute ranking of the selected countries in the World Bank Doing Business 2010 Report. Most SEE countries have improved their position since the last report. Despite this, they are i...
The UAE Central Bank has announced that thirteen UAE banks are exposed to the collapse of the Saad and Algosaibi family groups. This puts further strain on the UAE banking sector....
The announcement that the GCC-wide rail like will start operating in 2017 is a welcome move for all GCC states....
Protests by construction workers in Dubai employed by major contractor Al Habtoor Leighton is an unusual show of protest about underlying the troubles facing major Dubai construction companies....
The UAE authorities have expelled tens of Palestinian, Shiite-Lebanese and Iranian expatriates, giving little explanation. The expulsions may reflect security concerns....
The UAE indicated that it plans to move ahead with a foreign investor protection law, in an effort to attract foreign investors to the country....
The opening of Dubai Metro is expected to gradually provide a long-term solution to the traffic problems as well as help boost the image of Dubai at a time when it is badly needed....
Plans to construct “Gas City” by a UAE-based consortium will likely help fill the gaps in the country’s finances in the long-term, but more immediate political and economic solutions are needed....
Dubai government-owned companies have embarked on major reforms and restructuring, as well as panic selling of assets....
The UAE has scrapped the requirements for new companies to have a minimum capital of Dh 150,000. This will contribute to encouraging new businesses and entrepreneurs to set-up in the UAE....
A well-publicized film festival canceled at the last minute. This indicates that traditionalists within the royal family are still willing to appease the more extreme religious elements...
The global financial crisis that has severely hit parts of the GCC has exposed the vulnerability of the Gulf economies to risks posed by the large exposure of those economies to family businesses....
Dubai issued the second US $10 billion tranche of its sovereign bond programme. The vagueness of the announcements accompanying the bond issue raises questions about the health of the Dubai economy....
Kuwait announced that it will abolish the "kafeel" system of sponsoring foreign workers. The system is widely practiced in all the GCC and it is described by critics as "modern slavery". ...
Dubai’s economy faces more difficulties as the merger between lenders and Amlak and Tamweel and their support by the federal government is put into doubt. In addition unemployment is rising....
The signing of the agreement for the GCC-wide connection between the electricity grids of the GCC member states will help alleviate electricity shortages in various GCC countries....
Four GCC states signed a pact on 7 June creating a monetary union. It comes as a confidence-building measure after the shock decision by the UAE to not be part of it....
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