KSA largest steel consumer in the GCC
Saudi Arabia has become one of the largest steel consumers in the GCC region owing to rising steel demand for...
Business & Economy
Jordan’s IT exports rise by 14% in 2011
Jordan’s IT exports rose to $230.5 million in 2011 witnessing a 14 per cent rise over the previous year, according...
Kuwait's GDP bounces back at 21%
The Kuwait economy has bounced back reasonably well in the post-crisis period, Kuwait National Bank (NBK) said, noting that the...
Lebanese banks develop anti-virus system
Lebanese banks have upgraded their software security systems to block any virus designed to spy on transactions and operations, the...
Saudi Ports sees 2012 revenue up at SAR3.8 billion
The Saudi Ports Authority, or SPA, expects its revenue to grow to 3.8 billion Saudi riyals ($1.01 billion) this year...
2nd industrial city in Makkah by 2016
A second industrial city will be built in Makkah and will be operational by 2016, Al-Sharq Arabic daily reported. Saad...
UAE Central Bank sees 4% GDP growth
The UAE economy has shown sustained resilience towards global and domestic challenges and is on course to record better growth...
Saudi new car sales to cross 1 million in 2018
New-car sales in Saudi Arabia are projected to cross one million units in 2018 in view of rapid trade and...
Saudi public sector set for high growth on robust oil
Saudi Arabia’s economy would grow around 5.3 percent in 2012, its second highest growth rate in seven years, Jadwa Investment...
Saudi corporate earnings to grow 9% in 2012
GCC corporate earnings would post a muted earnings growth of 8 percent this year 2012 based on the overall net...
The latest Middle East Business News & Events brought to you on a daily basis from multiple credible news portals around the world