UAE says real GDP grew 4.2% last year
The United Arab Emirates' economy grew 4.2 percent in inflation-adjusted terms last year, Economy Minister Sultan bin Saeed al-Mansouri said....
Business & Economy
GCC aluminum sector investments reach $22 billion
According to a recent study released by the Doha-based Gulf Organization for Industrial Consulting (GOIC) estimated the investments of five...
Saudi economy grew 7.1% in 2011 on high oil prices – IMF
Saudi Arabia's economy grew 7.1 percent last year, while its non-oil sector accelerated 8 percent, the highest since 1981, the...
Japan and Iraq agree to expand business partnership
Japan and Iraq convened their first economic meeting, hailing a new investment accord as a key step in strengthening bilateral...
Iraq holds 4th postwar oil and gas auction
A Kuwaiti-led energy consortium won the right to search for oil and gas in southern Iraq as part of the...
Lebanon investing in industry
The industrial sector is laboring to overcome a series of hurdles that are limiting its ability to expand domestically and...
Lukoil to bring Asian partners to Iraq
Russia’s No.2 oil producer Lukoil is enjoying higher 1Q earnings and seeking partnership with Asian oil firms to participate in...
S&P maintains Kuwait credit ratings at AA
Standard & Poor’s Ratings Services said it has maintained sovereign credit ratings for Kuwait at AA on strong financial resources...
Dubai economy grows by 3.4 pct in 2011
Dubai’s economy expanded by 3.4 percent in 2011, helped by strong trade flows and rising tourist numbers, Arif Obaid al-Muhairi,...
Ma'aden signs $1.5b aluminum refinery contract
Saudi Arabian Mining Company has awarded a $1.5 billion contract to South Korea's Hyundai Engineering & Construction Co. to build...
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