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
$2 billion sukuk program by QIIB
Qatar International Islamic Bank ( QIIB ) is looking to set up a $2bn sukuk program. The Bank's Board has...
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...
Mobile subscribers in Qatar at 3 million
The number of mobile subscribers grew by 2.6 percent in Qatar on a quarter-on- quarter basis in the third quarter...
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,...
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...
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)...
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...
Zain Jordan to invest $107 million on upgrading
Zain Jordan will invest around JD76 million in 2013 to upgrade its infrastructure and services, Chief Executive Officer Ahmad Al...
Saudi IT investment in healthcare hits $4.1 billion in 2012
Saudi Arabia has remained one of the biggest IT markets in the region, with IT expenditure projected to have sustained...
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