Merrill Lynch: UAE growth to remain stable in 2013
Merrill Lynch put its 2013 GDP growth forecast for UAE at a stable 3.2 per cent, citing a steadily recovering...
Economy
Iraq needs 640 banks for economic development
Financial experts recently said that the number of current Iraqi banks, with few branches, is not enough to contribute to...
GCC economies to grow 5.6% in 2012 and 4% in 2013
Growth in the Middle East has slowed but the region is still outperforming much of the world, according to ICAEW's...
Saudi Arabia: Oil heads up robust growth
Increased crude production in Saudi Arabia, combined with rising oil prices, has put the Kingdom on track to generate record...
Levant Basin Province could embrace as much as 122 trillion cubic feet of gas and 1.7 billion barrels of oil
The US geological survey assessed that the Levant Basin Province, including parts of Israel, Lebanon, Syria, and Cyprus, could embrace...
Kuwait budget surplus to hit $44.7 billion
Kuwait's budget surplus for the first six months of FY 2012/13 reached KD12.6 billion ($44.7 billion) before allocations to the...
Experts call for LNG terminals in Lebanon
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts...
Expats remit $13 billion from Qatar in 2011
Remittances routed by foreign workers overseas stood at an incredible QR47.5bn ($13bn) in 2011, with India topping the list of...
Bahrain investment sector on growth curve
The sector representing Bahrain's investment business firms has been showing strong growth as demonstrated by the figures reported for the...
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...
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