Deutsche Bank anticipates a slowdown of Kuwait’s real growth in 2013
Deutsche Bank’s latest report on the MENA region showed that Kuwait would post a real GDP growth of 1.9% in...
Business & Economy
Ras Al Khaimah: Year in Review 2012
The economy of Ras Al Khaimah (RAK) has continued to expand, and while final year-end 2012 figures for growth have...
UAE seen as a leading destination for FDI
A recently published report by INSEAD, considered the UAE as one of the leading destinations worldwide, in terms of foreign...
Automobile factory in the Kurdish region of Iraq soon
An automotive company is working on a project for establishing an automobile factory in Sulaimaniya. The company, called Mario Automotive...
Doha Bank to increase capital by 50%
Doha Bank announced plans to increase its capital by 50%, with 25% raised through a local rights issue and the...
Bahrain's Ahli United Bank to sell stake in Qatar’s Ahli Bank to Qatar Foundation
Bahrain's Ahli United Bank announced that it has agreed to sell most of its 33.3% stake in Qatari lender Ahli...
Ericsson and Huawei win $256 million contract in Saudi Arabia
Saudi Arabian telecommunications provider Etihad Etisalat (Mobily) awarded contracts worth a total of $256 million to Ericsson and Huawei to...
Dubai sees 9% growth in exports
The total value of export and re-export by Dubai Chamber of Commerce and Industry members reached Dh268 billion ($73.5 billion)...
Lebanon’s 961 beer launched in the United States
Starting January 2013, American consumers started having access to the Lebanese beer, 961 Beer. Founded in 2006, the brewery began...
Saudi Arabia to invest $9.85 billion in telecom sector this year
Saudi Arabia will invest up to SR37 billion ($9.85 billion) in its telecom sector this year alone, with future forecasts...
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