Category Archives: Business
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GCC governments in particular are embarking on pharaonic projects and are the force driving the region’s bond market. Saudi Arabia has pledged to spend more than $500bn by 2020 to modernise the kingdom, with investments in energy, transport, ports, logistics, education and the creation of six new cities from scratch. In Qatar, the world’s richest country in terms of GDP per capita, $100bn will be spend on infrastructure ahead of the Football World Cup the country will host in 2022, with plans for the implementation of real estate and leisure projects on a huge scale.
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We report on the growing trend as slimline and vintage watches fuel the market in the Middle East.
In the city of London – one of the world’s most important financial centres – the … tallest building in western Europe – the Shard – will open in early July. The project has been 95% funded by Qatar, as a symbol of the close ties between the two countries. By Charlotte Kan
Malaysia has become the world’s largest issuer of Islamic bonds. Meanwhile, Indonesia, the… world’s largest Islamic country – is waking up to the benefits of interest-free banking, while Singapore vies with Kuala Lumpur to establish itself as the region’s Islamic hub. But how will this activity effect the Gulf region? By Jon Gorvett