Qatar’s insurance industry set for major overhaul
The insurance industry might undergo an overhaul with new rules and regulations expected to be implemented soon, the Qatar Central...
Business & Economy
Saudi Arabia begins aluminum production
Saudi Arabia began aluminum production at its first smelter built through a joint venture between the Saudi Arabian Mining Company...
'Made in Saudi Arabia' Isuzu truck makes history
Saudi Arabia took a giant leap forward when Commerce and Industry Minister Tawfiq Al-Rabiah unveiled Isuzu's medium-sized truck that was...
Iran plans to boost annual exports to Iraq to $12 billion
Annual exports from Iran to Iraq is projected to reach $12 billion in the current Iranian calendar year, which ends...
Saudi Arabia’s nominal GDP to reach $627 billion
Saudi Arabia's budget and external surpluses are expected to reach a new record level in 2012 due to high level...
Profits of top 12 Lebanese banks up 7%
The unaudited consolidated net profits of the Alpha Group of banks reached $1.2bn in the first nine months of 2012,...
Standard Chartered foresees recovery for Lebanon In 2013
In its latest report, Standard Chartered indicated that 2013 should bring a mild recovery for the Lebanese economy, barring net...
Qatar tops world in urea exports
With the inauguration of the Qafco-6 project, Qatar has become the world’s fourth largest producer and the biggest exporter of...
EU grants €32 million to fund three new projects in Lebanon
The European Commission announced that it has extended €32m in grants to support three new reform-oriented programs in Lebanon. The...
Qatar issued $25 billion sukuk this year
Qatar has issued Islamic bonds (sukuks) worth a staggering $25bn this year, with more than 50 percent of the subscribers...
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