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...
Business & Economy
Qatar and Algeria sign a steel plant deal
Algeria and Qatar have signed a deal to jointly build a steel plant in Bella, 300km east of Algiers, which...
Over 40 firms express interest in Lebanese gas exploration
Lebanon’s first gas tender, set to take place in February 2013, is expected to attract more than 40 international oil...
Ashour Holding acquires a majority stake in Movenpick Lebanon
Lebanese investment firm Ashour Holding reportedly acquired the shares of Saudi Prince al-Waleed bin-Talal in the Movenpick Hotel & Resort-Beirut...
Investments in Abu Dhabi’s Borouge project to reach $4.5 billion
Abu Dhabi-based Borouge, a leading provider of innovative plastics solutions, plans to invest up to $4.5 billion in its ambitious...
Khalil Fattal et Fils inaugurates Les Caves De Taillevent in Beirut
Khalil Fattal et Fils inaugurated Les Caves De Taillevent in December 2012. The new wine cellar, located at Les Jardins...
GCC aluminum scrap and recycling market to grow by 10%
The aluminum scrap and recycling market in the GCC was estimated at 292,281 metric tons (MT) in 2010 and is...
China to become largest economy by 2030
The US National Intelligence Council (NIC) projected the world's real GDP to range between $105.7 trillion and $133.1 trillion by...
Lebanese Central Bank announces $1.3 billion economic stimulus package
Central Bank Governor Riad Salamé announced a financial package aimed to stimulate lending and support domestic demand in 2013. He...
Fitch: Expansionary budget to support Saudi growth
Fitch Ratings says an expansionary 2013 budget based on a conservative oil price will support another year of healthy economic...
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