Saudi private sector fuels real GDP growth
The healthy performance of the Saudi economy continued into the second quarter of 2012 albeit at slower pace than previous...
Business & Economy
Spinneys opens a new branch in Lebanon, Byblos
Spinneys, the leading supermarket retailer in the Middle East and North Africa, opened its newest branch in Byblos, providing 200...
KSA largest steel consumer in the GCC
Saudi Arabia has become one of the largest steel consumers in the GCC region owing to rising steel demand for...
Kuwait's GDP bounces back at 21%
The Kuwait economy has bounced back reasonably well in the post-crisis period, Kuwait National Bank (NBK) said, noting that the...
Saudi Ports sees 2012 revenue up at SAR3.8 billion
The Saudi Ports Authority, or SPA, expects its revenue to grow to 3.8 billion Saudi riyals ($1.01 billion) this year...
Lebanese banks develop anti-virus system
Lebanese banks have upgraded their software security systems to block any virus designed to spy on transactions and operations, the...
2nd industrial city in Makkah by 2016
A second industrial city will be built in Makkah and will be operational by 2016, Al-Sharq Arabic daily reported. Saad...
UAE Central Bank sees 4% GDP growth
The UAE economy has shown sustained resilience towards global and domestic challenges and is on course to record better growth...
Saudi public sector set for high growth on robust oil
Saudi Arabia’s economy would grow around 5.3 percent in 2012, its second highest growth rate in seven years, Jadwa Investment...
Saudi corporate earnings to grow 9% in 2012
GCC corporate earnings would post a muted earnings growth of 8 percent this year 2012 based on the overall net...
The resource of credible, industry-specific updates