Islamic banking assets in GCC jump to $445 billion in 2012
Islamic banking assets with commercial banks in the GCC reached $ 445 billion at the end of 2012, up from...
Business & Economy
Oman to invest $350 million to upgrade its telecom network
Oman’s second largest telecom services provider Nawras is investing $350 million in the next three years to upgrade its network...
Oman paving the way for a post-oil economy
Government spending had created 36,000 private sector jobs for nationals in 2012, and a further 56,000 would be created this...
Kuwait budget surplus to top $50 billion in 2012-13
An oil price of between $101 and $118 per barrel in 2013-14 could generate a budget surplus for Kuwait of...
Airlines in the Middle East to add 12.8% capacity in 2013
The global airline industry has forecast a modest improvement in global net profits for 2013. The International Air Transport Association...
IIF: Qatar richest country in the world
Qatar retained its ranking as the world's richest country in 2012, with its per capita income soaring to an incredible...
Oman rail network to ease transport woes
Road network in Oman is the fifth best in the world and with more development going on in this sector,...
Saudi Arabia joins single Arab car insurance card scheme
The Saudi Council of Ministers approved the Kingdom's accession to the agreement on joint insurance cards for vehicles traveling across...
Dubai has pivotal role in global diamond business
As the world’s third largest diamond trading center, Dubai is at the center of the New Silk Road and is...
$26 billion worth of goods traded between Brazil and the Arab world in 2012
Trade flow between Brazil and Arab countries reached nearly $26 billion in 2012, increasing by 3.26 per cent from $25.11...
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