Across the GCC of late, states have been gearing up to match supply with demand in the energy sector. Long-term growth predictions, mega-projects and housing shortages have all contributed to the need for the region’s flagship cities to work together to overcome concerns raised by power supply.
In Doha, it is no different. As skyscrapers continue [...]
Thanks to its strong fiscal reserves, continued flow of revenue from gas exports and the financial sector’s relatively low levels of exposure to the markets in the US or Europe, Qatar is better placed than most of its neighbours to weather the current economic downturn.
According to the IMF’s latest projections, issued in early May, the [...]
By Dania Saadi, Reuters
DUBAI — Bombardier Inc. is eyeing 4-billion euros (US$5.44-billion) worth of rail contracts over the next five years in the Gulf Arab region, where public spending is rising to lift shrinking economies, a company executive said.
Bombardier, the world’s No. 1 passenger train maker, is keen to take part in about 1-billion euros [...]
