Beirut International Airport passengers reach 5.96 million in 2012
Rafic Hariri International Airport (RHIA) activity registered a 5.5% yo-y growth in the total number of passengers reaching 5.96M during...
Business & Economy
IT spend to grow by 13% in UAE
The IT market in the UAE is set for another strong year as economic growth is heading northwards and consumer...
Nominal GDP in GCC put at $1.56 trillion
Real GDP growth in the GCC is likely to have slowed from 7.8 percent in 2011 to an estimated 5.7...
Qatar: Year in Review 2012
A bid by Qatar’s government to consolidate several years of economic expansion, while channeling a budgetary surplus towards large-scale capital...
Cyprus and Lebanon agree to boost cooperation in oil exploration
Cyprus and Lebanon agreed to boost cooperation and look into ways to explore gas and oil in their waters, President...
Inter-GCC rail to cost $16 billion
Gulf oil producers are expected to pump nearly $16 billion into an ambitious project to construct a rail way linking...
Qatar set for record surplus in 2013
Qatar is set to post another year of record surplus with oil price averaging $108.5 per barrel in the first...
MEA buys 10 Airbus carriers for $1 billion
European planemaker Airbus said Middle East Airlines-Air Liban, the flag carrier of Lebanon, signed a firm order for 10 A320neo-family...
Nonoil Saudi GDP growth forecast at 6.3%
The Saudi Central Department for Statistics and Information released new revised GDP figures for the last three years showing that...
Dubai: Year in Review 2012
The emirate’s economy continued its recovery in 2012, with a number of key sectors posting high growth over the past...
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