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...
Business & Economy
More than 30,000 cameras are monitoring Dubai
In total, government authorities and the private sector in Dubai operate an estimated 30,000 closed-circuit televisions (CCTVs) to monitor public...
Budget boost for education in Oman
The government in Oman is channeling extra funding into education as part of a broader bid to provide its younger...
Lebanon: Lenders banking on stability
Senior banking officials have been talking up Lebanon’s banking sector, pointing to strong reserve positions and its continued resilience. However,...
Kuwait allots $19 billion for 2013-14 development strategy
The Ministry of Finance has recently formed six teams to examine and conform ventures of the fourth development plan (2013-2014)...
Qatar Holding to launch new $12 billion investment firm
Qatar will create a new $12 billion investment firm, backed by blue-chip assets from its sovereign wealth fund, and list...
Banque Libano-Francaise to open a branch in Baghdad
In order to implement its expansion strategy outside of Lebanon, Banque Libano-Francaise (BLF) announced the opening of its first branch...
Brazilian Trade Mission to UAE starts on February 20
Importers and trading companies from the UAE who are taking part in the hosted buyer’s program, which is being held...
Jordan: Energy price rises inevitable
Ongoing energy concerns continue to plague Jordanian manufacturers despite an overall resilient performance from the sector in 2012. As the...
Beirut Chamber of Commerce launches fund in support of entrepreneurs and SMEs
The Beirut & Mount Lebanon Chamber of Commerce, Industry & Agriculture (CCIB) launched a seed capital, development and orientation fund...
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