SMEs in the UAE receive $275 million funding
International banking heavyweight HSBC announced in a media statement that it has fully allocated its Dh1 billion ($275 million) UAE...
Business & Economy
Qatar seeks to spread the wealth with IPO bonanza
Qatar's planned IPO bonanza may be socially driven but it looks a bit ambitious from a financial standpoint. The Gulf...
Saudi Ma'aden signs $266.6 million gold mining deal
Saudi Arabian Mining Company Ma'aden announced that its affiliate Ma'aden Gold and Base Metals Company (MGBM) has signed a contract...
Qatar's petrochemical output to surge by 2020
Qatar's petrochemical production will exceed 23mn tons per year (tpy) by 2020 on the back of the country's downstream sector...
Is the sun setting on gold?
After climbing 500% in a decade, perhaps it is time for gold investors to accept that the yellow metal is...
Saudi oil can fulfill energy needs for 80 more years
Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, Asharq Al-Awsat daily reported, quoting a...
$7 billion to boost SMEs in Kuwait
The Parliament unanimously approved the Financial and Economic Affairs committee report on the National Fund for Supporting Small and Medium...
Saudi banks see good opportunity in home financing
Saudi Arabia's new mortgage law will transform home financing in Saudi Arabia to property-secured lending from the current practice of...
Qatar exempts foreign investors from paying taxes
Qatar is exempting non-Qatari investors from paying taxes on their share of profits in the joint stock companies listed on...
$2.2 billion Eurobonds sold by Central Bank of Lebanon
The Central Bank has sold $2.2bn of sovereign Eurobonds and swapped LL6 trillion of 2013 and 2014 certificates of deposit...
The resource of credible, industry-specific updates