UAE Central Bank won’t impose mortgage caps

Governor of bank dismisses media reports over central bank ruling. [caption id="attachment_13804" align="aligncenter" width="480"] The governor of the UAE Central Bank has...

KSA’s Mohammad Al Mojil Group to take legal action against debtors

Financially troubled construction firm says it is owed more than $107mn. [caption id="attachment_13887" align="aligncenter" width="449"] Saudi Arabia's Mohammad Al Mojil Group will...

Qatar plans $27.5bn road upgrade

Spending on highway projects in Qatar is set to increase significantly this year. [caption id="attachment_13882" align="aligncenter" width="419"] Qatar plans to spend $27.5bn...

Bill Gates buys $1bn stake in Orascom

Investment is one the largest foreign currency inflows into Egypt since revolution. [caption id="attachment_13876" align="aligncenter" width="448"] Bill Gates and other US investors...

Abu Dhabi to recommence spending

UAE capital plans five year, $90bn spending spree on education, housing and infrastructure. [caption id="attachment_13871" align="aligncenter" width="303"] Abu Dhabi is set to...

Komatsu to slash production; concentrating on next generation

Komatsu is to slash production by 30-40% in Japan as it moves to become more profitable.. [caption id="attachment_3975" align="aligncenter" width="300"] The world's...

Doha conducts building safety assessment campaign

Municipality sets up panel to assess safety of buildings in Qatari capital . [caption id="attachment_13866" align="aligncenter" width="457"] Doha has set up an...

Development spurring Famco’s growth in Saudi Arabia

Paul Floyd, managing director of FAMCO says that "aspirational development" over the past 12 months has helped the company go from strength...

Dubai Metro set for massive expansion

RTA chief says new lines will added to network by 2030. [caption id="attachment_13860" align="aligncenter" width="451"] Dubai Metro will cover 421km and have...

QE II Ocean Liner heads to Asia to become floating hotel

Drydocks World chairman addresses speculation over ship's future. [caption id="attachment_13849" align="aligncenter" width="400"] The QEII will be converted into a 500 room floating...

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