Qatar buys 22% stake in China’s CITIC Capital
A unit of Qatar's sovereign wealth fund has bought a 22 percent stake in CITIC Capital Holdings, linking one of...
Business & Economy
$66.4 billion sukuk issued globally in 2012
The volume of sukuk issued globally during the first half of the current year reached $ 66.4 billion, according to...
Revenues of the port of Beirut up by 8.7%
The latest statistics of the Port of Beirut showed that its revenues reached a cumulative US$ 100.5 million in the...
Jordan planning ahead
The early August approval of a $2bn loan by the IMF to Jordan has once again brought the Kingdom’s financial...
Saudi consumers most optimistic about personal finance
Expectations for the year to come are high across the Middle East and North Africa (MENA) region, the latest Middle...
GCC petrochem capacity set to rise to 113MTPA
The Gulf Cooperation Council (GCC) petrochemical capacity is estimated to increase from 77.3 million tonnes per annum (MTPA) to 113MTPA...
No significant impact of Eurozone crisis on banks in Dubai and the GCC
The emirate’s banking sector is still working to shake off the lingering effects of the global financial crisis, with lenders...
First semi-automated container terminal to open at Abu Dhabi’s Khalifa Port
Abu Dhabi's Khalifa Port, which is region's first semi-automated container terminal, is preparing for its grand opening on September 1,...
Bahrain’s economy treading carefully
The Kingdom’s economy is making steady progress towards regaining lost momentum following the global financial crisis and civil unrest in...
Saudi GDP to grow 5.7% in 2012
A strong oil sector and large government stimulus will spur Saudi real GDP to grow 5.7 percent in 2012, the...
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