Regional News
October 2017

Amazon Web Services (AWS), an Amazon.com company, announced its plans to open an infrastructure region in the Middle East based in Bahrain by early 2019. The new AWS Middle East (Bahrain) Region will consist of three Availability Zones at launch.






October 2017

The total value of 21,893 active construction projects in the Gulf Cooperation Council (GCC) reached $2.4 trillion at the beginning of September 2017, according to a report. Of these, the total value of urban construction projects reached $1.18 trillion, said the BNC Construction Intelligence report.






October 2017

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia said its board of directors has approved the VAT Implementing Regulations ahead of its introduction in the kingdom starting from January 1.






October 2017

The GCC nations and India are strengthening historic ties across cultural, trade, defence and political areas as they realise the potential of strategic cooperation, said an industry expert, noting that investment flows between the regions are rising rapidly.






October 2017

Shrivallabh Pittie Group (SVP), one of the largest manufacturers of cotton yarn in India and a global leader in the sector, has signed a land lease agreement to establish a new $300-million plant in Sohar Freezone to manufacture a wide range of cotton yarn.






October 2017

Ras Al Khaimah's transportation sector achieved a growth of 30.3 per cent during the years 2011-2015, according to the Ras Al Khaimah Chamber report. The report is based on statistics published by the Ras Al Khaimah Center for Statistics and Studies, said a statement.






October 2017

Chinese firm plans project A DALIAN-based company plans to build a petrochemical project with total investment of about $2.8 billion at a China-Oman industrial park in Oman, said a report.






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