Jordan: Push to remove auto insurance cap
While motor coverage is a low-profit line of business in many countries, Jordan has seen this segment of the insurance...
Business & Economy
Citigroup first U.S. bank to open an office in Baghdad
Citigroup Inc. got Iraqi approval to open an office in Baghdad, as it seeks to become the first U.S. bank...
Qatar GDP growth rate seen at 5% this year, 4.9% in 2014
Bank of America Merrill Lynch has maintained Qatar’s GDP growth rate at 5% this year and 4.9% in 2014 even...
Saudi Arabia: Strong fundamentals support positive outlook
Sound fiscal management and healthy reserves have set Saudi Arabia on track for an upgrade of its key ratings, improving...
Saudi Arabia shifts weekends to Friday and Saturday
By royal decree, Saudi Arabia's weekend is shifting to Friday and Saturday as opposed to Thursday and Friday. King Abdullah...
Qatar’s ancient walled town of Al Zubarah added to UNESCO's World Heritage List
Qatar’s ancient walled town of Al Zubarah has been added to the UNESCO World Heritage List, the first site in...
Ample liquidity enhances growth in GCC
GCC countries continue to have ample liquidity to finance the large investment projects planned over the next few years, according...
Middle East Airlines’ operating profits up 43.6%
Lebanese national flag carrier Middle East Airlines (MEA) announced operating profits of $58m in 2012, constituting an increase of 43.6%...
Saudi banking system considered the safest in Arab world
Saudi banking experts here say that the Kingdom has the safest banking system in the Arab world. This comes in...
Remittances of Jordanian expatriates and tourism revenue reach $2.773 billion
The total of remittances by Jordanian expatriates and tourism revenue reached $2.773billion at the end of May 2013, according to...
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