Consumer confidence within the Middle East remains high
According to MasterCard’s latest Worldwide Index of Consumer Confidence, regional consumers remain upbeat about the Middle East’s future and its...
Economy
Qatar eyes major global sporting role
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief...
Saudi oil revenue rises by 48%
Saudi Arabia’s revenue from exports of crude oil and other petroleum products jumped 48 percent in 2011 as shipment volumes...
50% increase in trade via Kurdistan-Iran border
The trade exchange in the past six months via Haji Omran border point has increased 50% as compared to the...
UAE 3rd most competitive economy in Middle East
The UAE ranks as the third most competitive economy in the region after Qatar and Saudi Arabia, according to the...
Qatar’s economic growth outlook remains bright
Backed by enormous energy resources, Qatar is set to generate a current account surplus of 31.8% of GDP this year,...
More than half of GCC population under age 25
The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people...
Middle East economies to outpace rest of world
The move comes despite a backdrop of deteriorating global prospects, the multilateral lender said. It expects the regional economy to...
Saudi Arabia 3rd richest in natural resources in the world
Saudi Arabia ranks third globally among the 10 countries with the most plentiful and valuable natural resources, according to a...
Saudi mortgage law to spur Islamic finance
Saudi Arabia's approval of a landmark mortgage law this week after a delay of more than three years will give...
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