Revenues through the Port of Beirut up 5% to $2billion
Figures released by the Port of Beirut show that overall receipts generated through the port reached $2bn in the first...
Economy
GCC economies projected to grow robustly
The oil exporting countries in the Middle East, particularly the Gulf Arab countries, are projected to grow robustly during the...
Saudi oil exports fetch $245.6 billion
Saudi Arabia exported nearly 2.25 billion barrels of crude oil in the past 10 months of the current year valued...
Saudi Arabia nets $16.5 billion from pilgrimages
Saudi Arabia raised $16.5 billion from Muslim pilgrimages this year to Mecca and Medina in the west of the kingdom,...
Bahrain aims at becoming investment haven
The initiatives taken by the Bahraini government in order to diversify the sources of income have contributed greatly in the...
Iraq‘s fiscal surplus projected at 2% of GDP in 2013
Citigroup indicated that the Iraqi Cabinet ratified the 2013 draft budget that includes spending of 138 trillion Iraqi dinars ($118.3...
Railway boom to shape Gulf economies in $100 billion project
Official figures suggest around $100bn may be spent by the end of this decade laying over 6,000km (3,750 miles) of...
UAE retains its status as the most prosperous country in Arab world
The UAE maintained its status as the most prosperous country in the Arab world and ranked amongst thirty overall 'Top...
Consumption in KSA remains the fastest growing in the region
With the oil boom supporting income growth, Saudi Arabia’s consumption growth in the past decade was among the most stellar...
Oman's economy to grow by 5% in 2012
The International Monetary Fund (IMF) has predicted that Oman's gross domestic product (GDP) growth will slow to five per cent...
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