High oil earnings to boost Kuwaut's spending
The outlook for Kuwait’s banking system over the next 12 to 18 months remains stable, according to a recent report...
Business & Economy
Petchem projects dominate Saudi Arabia's industrialization drive
Saudi Arabia’s project market is buoyant with a string of petrochemicals and minerals projects being rolled out. The authorities are...
Arab world population to double by 2050, report
The urban population of the Arab States, which already quadrupled between 1970 and 2010, will more than double by 2050,...
Qatar may end expat sponsorship system
Expats in Qatar have welcomed government plans to scrap the country’s “sponsorship” system for overseas workers. Qatar’s thousands of foreign...
Risk factor in holding Dubai debt receding
Interest in Dubai’s bond market is undergoing a revival, with enthusiasm tracking the steady rebound of the emirate’s economy. There...
GCC economies poised to grow by 5.3 pct in 2012 — GIC
The Gulf Cooperation Council (GCC) member economies are expected to post an average growth rate of 5.3 percent in 2012...
Industrial exports of Lebanon increase by 11% to $527m in first two months of 2012
Figures released by the Ministry of Industry show that industrial exports totaled $527.1m in the first two months of 2012,...
Qatar central bank and Bloomberg launch Qatar interbank rate 'QIBOR'
Qatar Central Bank (QCB) and Bloomberg are partnering to launch the first ever Qatar Interbank Offer Rate (QIBOR) fixings, in...
Saudi non-oil private sector growth at nine-month high
Growth in business activity in Saudi Arabia's non-oil private sector hit a nine-month high in April 2012, boosted by strong...
Demand for broadband services fuels Saudi mobile market: Fitch
At nearly 200 percent mobile penetration, the Saudi mobile market should be close to maturity, but surprisingly it is still...
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