Saudi Mortgage law opens Kingdom to home lending surge
Saudi Arabia’s mortgage law, approved two days ago after more than a decade of debate, will encourage banks to expand...
Business & Economy
Mobile penetration in the Middle East hits 96% in the first quarter of 2012
Mobile subscriptions in the Middle East grew at a rate of 69,230 new connections per day in the first quarter...
BoFA Merrill Lynch foresees a robust 2012 growth for GCC countries
According to Bank of America Merrill Lynch, GCC countries are set to report a robust real GDP growth of 4.3%...
GCC fertilizers products expected to reach 32 million tons by 2016
Total production of GCC fertilizers products is expected to reach nearly 32 million tons by 2016, compared to 21 million...
GCC banks’ recovery to continue
Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from euro zone turmoil for the...
GS Engineering and Construction wins $1.8 billion Saudi deal
South Korea's GS Engineering and Construction announced that it has won a US$ 1.8 billion deal to build four petrochemical...
The UAE to admit new telecom operators after 2015
The UAE could admit new operators apart from Etisalat and du in the country’s telecommunications sector, in line with an...
New Saudi law expected to boost the mortgage market
The Saudi Council of Ministers, chaired by Custodian of the Two Holy Mosques King Abdullah, approved the much-awaited mortgage law,...
New car sales in Lebanon up by a yearly 14.3% in the first five months of 2012
According to data compiled by the Association of Car Importers in Lebanon, the number of newly registered cars stood at...
Oman to sustain economic growth
Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put...
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