Saudi Arabia ‘most optimistic market’ in GCC
Saudi Arabia led the GCC countries as the most optimistic market in the second quarter of 2012 followed by Oman,...
Economy
New private sector firms boost Saudi business activity
Growth of business activity in Saudi Arabia's non-oil private sector rose slightly in August from a seven-month low in July...
Kurdistan region of Iraq demands 23% of the Iraqi budget
Kurds are demanding an increase in the share of the Iraqi budget from current 17% to 23%, an Iraqi Kurdish...
Kuwait's oil revenues to hit KD11.3 billion in 5 months
Kuwait is assumed to have achieved actual oil revenues during the first five months in the amount of about KD11.3...
Saudi imports up by 4.4%
Saudi Arabia's incoming economic data signals that nonoil sector growth has been moderating after blistering growth last year and early...
Expats in Qatar sent QR30.8 billion to home countries in 2011
Remittances routed by expatriate workers to their home countries soared to about QR30.8bn, a 4.5 percent increase in 2011 compared...
Saudi letters of credit up 24% as economic growth spurs demand
The value of letters of credit signed by lenders in Saudi Arabia surged 24 percent in the first six months...
Qatar’s global GDP share seen near double by 2030
Economic diversification aided by hydrocarbon revenue will scale up Qatar’s share of global GDP at market exchange rates to 0.4%...
34 tons of gold imported into Kurdistan
AKnews reports that gold imports into Iraqi Kurdistan have hit 34 tons during the first seven months of the year....
Fast food chains boom in Baghdad
Baghdad's residents can finally get their milkshakes, chili-cheese dogs and buckets of crispy fried chicken. A wave of new American-style...
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