Saudi economy grew 7.1% in 2011 on high oil prices – IMF
Saudi Arabia's economy grew 7.1 percent last year, while its non-oil sector accelerated 8 percent, the highest since 1981, the...
Economy
Japan and Iraq agree to expand business partnership
Japan and Iraq convened their first economic meeting, hailing a new investment accord as a key step in strengthening bilateral...
Iraq holds 4th postwar oil and gas auction
A Kuwaiti-led energy consortium won the right to search for oil and gas in southern Iraq as part of the...
S&P maintains Kuwait credit ratings at AA
Standard & Poor’s Ratings Services said it has maintained sovereign credit ratings for Kuwait at AA on strong financial resources...
Dubai economy grows by 3.4 pct in 2011
Dubai’s economy expanded by 3.4 percent in 2011, helped by strong trade flows and rising tourist numbers, Arif Obaid al-Muhairi,...
Saudi per capita income may hit SR116,900
Experts have predicted that Saudi per capita income in the gross domestic product (GDP) will climb to SR 116,900 but,...
Jordan annual pharmaceutical exports worth $650 million
The Kingdom’s annual pharmaceutical exports amount to $650 million, Jordan Food and Drug Administration (JFDA) Director General Hayel Obeidat said....
Economic outlook for Middle East in 2012 improves sharply
Middle East economies are set to beat forecasted figures this year, with the GDP growth of 3.8% in 2012 and...
Gulf’s $46 billion ports bring capacity seeking market
GCC states risk creating a glut in container capacity as they spend $46 billion on port projects amid sputtering global...
UAE’s nominal GDP rises by us$ 62 billion in 2011
According to the International Monetary Fund (IMF), strong crude prices, coupled with high output boosted the UAE’s nominal GDP by...
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