Kuwait records $52 billion surplus
Strong oil prices allowed Kuwait to record a budget surplus of around KD14.7 billion in the first eight months of...
Economy
Lebanon: Lenders banking on stability
Senior banking officials have been talking up Lebanon’s banking sector, pointing to strong reserve positions and its continued resilience. However,...
Kuwait allots $19 billion for 2013-14 development strategy
The Ministry of Finance has recently formed six teams to examine and conform ventures of the fourth development plan (2013-2014)...
Beirut Chamber of Commerce launches fund in support of entrepreneurs and SMEs
The Beirut & Mount Lebanon Chamber of Commerce, Industry & Agriculture (CCIB) launched a seed capital, development and orientation fund...
Jordan: Energy price rises inevitable
Ongoing energy concerns continue to plague Jordanian manufacturers despite an overall resilient performance from the sector in 2012. As the...
Value of global gold demand hits record high of $236 billion in 2012
In value terms, gold demand in 2012 was $236.4 billion, an all-time high, the World Gold Council reported in its...
Iraq bought 24.1 tons of gold last year
International Gold Council disclosed a report that Iraq bought 24.1 tons of gold during 2012, according to news published by...
UAE draft law allows full foreign ownership of firms
The Federal National Council (FNC) will be reviewing a draft commercial companies law that would allow full foreign ownership of...
Container activity at Port Of Beirut surges 15.42%
The total container activity at the Port of Beirut (PoB) increased by 15.42% y-o-y during the first month of 2013...
Jordan receives $200 million Saudi grant
Finance Minister Suleiman Hafez said that Jordan has received an additional grant from Saudi Arabia totaling $200 million, ordered by...
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