Abu Dhabi GDP soars 29.9% to Dh800b in 2011
Statistics Centre — Abu Dhabi, or Scad, said Abu Dhabi’s gross domestic production, or GDP, at current prices grew by...
Economy
Iraqi cabinet approves $9.4bn supplementary budget
Iraq’s cabinet has approved a supplementary budget for 2012 of 10.875 trillion Iraqi dinar ($9.35 billion), in addition to the...
BoFA Merrill Lynch foresees a robust 2012 growth for GCC countries
According to Bank of America Merrill Lynch, GCC countries are set to report a robust real GDP growth of 4.3%...
Oman to sustain economic growth
Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put...
Saudi revenue seen at $295 billion a year till 2016
Saudi Arabia will collect $295 billion a year in government revenue from 2012 to 2016 amid high oil prices, Samba...
Iraq negotiating with Nissan Motors for establishing a complete factory
The Iraqi Automobile Company's director general disclosed that negotiations are underway with the Japanese company Nissan to sign a partnership...
Slowdown in global markets to marginally impact GCC countries
Barclays issued its quarterly report on emerging countries in which it indicated that the slowdown in global growth and financial...
Qatar to emerge key player in global merger and acquisition (M&A) deals
There is a pent up demand for business in the merger and acquisition (M&A) in the GCC. The activity is...
Abu Dhabi’s public expenditures at an all-time high
According to the International Monetary Fund, (IMF), Abu Dhabi’s public expenditures reached an all time high of US$ 85.7 billion...
Iraq's economy shows signs of growth
Businessman Issam al-Assadi reclines in a chair in his spacious villa with sweeping views of the Tigris River, as a...
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