Latest in Tag: GCC Highlight

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Latest in Tag: GCC


road development

Road development continues to be GCC’s top priority with projects worth over $122bn: report

The total value of active infrastructural projects in the Gulf Cooperation Countries (GCC) has reached to $1.14tn with roads, highways, and bridges with the highest number of projects, according to the latest report released by Orient Planet Research, an Orient Planet Group venture. The report titled ‘Fast Tracking Development: Road Infrastructure in GCC’ cited a …

Shaimaa Al-Aees

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Abdeen receives Banker of the Year Award for GCC

Mohamed Nasr Abdeen, vice chairperson of Union National Bank-Egypt, received the 2017 GCC Banker of the Year Award. Union National Bank of the UAE was awarded the Best Retail Bank of the GCC in 2017 by World Finance magazine, which specialises in the finance and banking industry in London. World Finance is one of the …

Daily News Egypt

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GCC states top Arab countries in 2016 FDI inflows

Gulf Cooperation Council states led the Arab world in terms of foreign direct investment (FDI) inflows during 2016, as stated by a report issued by Dhaman, the Kuwait-based Arab Investment and Export Credit Guarantee Corporation. The UAE topped the list with around $9bn, followed by Egypt and Saudi Arabia in second and third places respectively. …

Daily News Egypt

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MENA growth accelerates in 2017 despite GCC’s weak performance: FocusEconomics

The economic activity in the Middle East and North Africa (MENA) region has shown surprising resilience in 2016 despite mounting political and economic headwinds, according to a report recently released by the economic analysis and forecasts provider FocusEconomics. The report reviews the performance of the region throughout 2016. While the region managed to accelerate despite …

Daily News Egypt