Kuwait posts $47 billion record budget surplus
OPEC member Kuwait has posted record budget surplus and revenues in the 2011-2012 fiscal year that ended on March 31...
Economy
Expatriates in Saudi Arabia remitted over US$ 27 billion in 2011
Foreign workers in Saudi Arabia remitted record high funds of more than US$ 27 billion in 2011. Indeed, the Kingdom...
Consumer optimism in KSA brightens as retail sector booms
With strong consumer confidence and a sound economic outlook for the immediate future, Saudi Arabia’s retail sector appears set for...
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...
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...
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