Saudi Arabia invests $50 billion in mining sector
Top oil exporter Saudi Arabia is investing more than $50 billion in its mining sector, the country's oil minister Ali...
Business & Economy
Iraq to become world’s fastest growing economy
Iraq will emerge as the world's fastest growing economy in 2012 and 2013, according to Bank of America Merrill Lynch...
Saudi Arabia endorses GCC customs tariff
The Saudi Council of Ministers endorsed the 2012 version of the unified GCC customs tariff, which is expected to boost...
Robust growth seen for Saudi non-oil sector
Saudi Arabia's non-oil economy is expected to witness robust growth of 7.5 per cent in 2012 on the back of...
Jordan moving towards knowledge-based economy
Jordan is moving from an efficiency-based economy to a knowledge-based economy, Planning Minister Jafar Hassan said. Speaking at the regional...
Inflows of remittances to Lebanon to reach a total of $ 7.578 billion in 2012
The World Bank released its latest statistics on remittances around the world in which it foresees a quasi-constant level of...
GCC economies would remain solid in 2013
In its quarterly report on the credit overview of GCC countries, Fitch Ratings forecasts that economic growth in the GCC...
Citi upgrades UAE real GDP forecast to 5.1%
Citi, one of the largest Wall Street banks, has upgraded the UAE's real gross domestic product (GDP) growth to 5.1...
Qatar Holding cashes in $2.7 billion in Barclays deal
Qatar's sovereign wealth fund sold the last of the warrants it owns in Barclays, notching up a gain of more...
Iraq imports 70% of its needs
Iraq imports 70% of its requirements from the foreign countries, especially neighboring states, said the head of the Iraqi Chamber...
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