Rabigh power bidders ask Saudi's SEC for more time....

Bidders for the contract to build the Rabigh power station for Saudi Electricity Co (SEC) have asked for more time to prepare proposals, sources at contracting firms said on Tuesday. Full Story


Qatar to pitch Gulf region development bank –GCC....

Qatar will propose Gulf states create a regional development bank similar to that in Europe at next month's rulers summit in Kuwait, the head of the Gulf Cooperation Council said on Tuesday. Full Story


Qatar to pitch Gulf region development bank –GCC

Qatar will propose Gulf states create a regional development bank similar to that in Europe at next month's rulers summit in Kuwait, the head of the Gulf Cooperation Council said on Tuesday. Full Story


POLL-Gulf growth outlook brightens, slow credit a drag

Gulf Arab states will enjoy solid growth rates next year thanks to rising oil prices and inflation may speed up slightly again due to loose monetary policies and a weak dollar, a Reuters poll showed on Monday. Full Story


Tata Communications to build new cable in Gulf

Indian telecoms services firm Tata Communications said on Tuesday it had signed agreements with operators in the Middle East to build a new cable system for the region. Full Story


Saudi Arabia drops subsidy on rice imports –paper

Saudi Arabia has removed subsidies on rice imports as foreign exporters have been taking advantage of them to increase prices, a Saudi-based newspaper reported on Tuesday. Full Story


Egypt, US seek doubling bilateral trade volume to $ 16 bln

Minister of Trade and Industry, Minister Rachid Mohamed Rachid announced that he agreed with US representatives, during his official visit to the United States, on a working plan in order to double trade and investments between the two countries. Full Story


Egypt IT spending projected to reach $1.9 bln by 2013

IT spending in Egypt is projected to reach highs of $1.9bn by 2013, reflecting a significant jump from its 2008 levels at $1.2bn, according to statistics released by Business Monitor International (BMI). Full Story


EGX says Eid Al Adha vacation from 26 to 29/11/2009

Egyptian Stock exchange announced that Eid Al Adha Vacation will start on Thursday 26/11/2009 until Sunday 29/11/2009. Business will be resumed on Monday. Happy Feast. Full Story


Egyptian entrepreneurs urged to invest in Bangladesh

Bangladeshi Industries Minister Dilip Barua urged Egyptian entrepreneurs to invest here at different potential sectors by taking advantage of various lucrative offers provided by the government to increase the country's Direct Foreign Investment (FDI). Full Story


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