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GCC could become world’s 6th largest economy by 2030

Emirates Business According to EY’s latest Growth Drivers report ‘Strength in unity’, if the GCC were to become one single market instead of six separate ones today, it would be the ninth largest economy in the world today – similar in size to Canada and Russia and not far from India. If it is able to keep growing at an ...

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GCC banks’ revenue growth rate plunges in 2015

Emirates Business According to a new study by The Boston Consulting Group (BCG), the banking industry in the GCC grew at a lower rate in 2015 than it did in 2014 with just a 7.2 percent increase, stemming almost exclusively from major customer segments such as retail and corporate banking. Based on the banks’ 2015 annual results released in the ...

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Drake & Scull Rail bags Doha Metro Phase 1 contract

Emirates Business Drake & Scull International PJSC (DSI) — a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and Water and Wastewater Treatment — has announced that the Fujita Corporation has awarded Drake & Scull Rail (DSR) a QR 340 Million ...

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