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...
Business & Economy
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...
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...
$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...
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...
Saudi Arabia makes up 52% of GCC's current account surplus in 2012
The GCC region has emerged as the 12th largest economy in the world with its nominal GDP, reaching a new...
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...
Doha Bank to raise capital by 50%
Doha Bank , Qatar's fifth-largest lender by market value, will go ahead with its plans to increase its capital. The...
Kuwait records $52 billion surplus
Strong oil prices allowed Kuwait to record a budget surplus of around KD14.7 billion in the first eight months of...
The resource of credible, industry-specific updates