UAE swings to $11bn fiscal surplus in 2011
The UAE's public finances swung into a surplus of 2.9 percent of economic output in 2011 after two years of...
Economy
Qatar to pay $1.25b to Jordan through GCC fund
Qatar has pledged to pay its $1.25 billion contribution to the Gulf fund to Jordan soon, a senior official said....
Iraq and Jordan sign agreement in oil and energy sector
Iraq’s Council of Ministers has approved the recommendation of the energy committee to authorize the Minister of Oil to sign...
Iraq and Japan sign agreement to encourage investment
Iraq and Japan signed an investment agreement to encourage investments and boosting cooperation between the two countries, Japanese embassy in...
GCC GDP likely to touch $1.5 trillion in 2013
The Gulf Co-operation Council’s (GCC) Gross Domestic Product (GDP) is estimated to reach US $ 1.5 Trillion in 2013, according...
Dubai’s economy returns to growth
A determined optimism is pervading Dubai’s markets, with the emirate’s growth set to top many expectations this year. Few would...
Saudi Arabia current account surplus up 33%
Saudi Arabia’s current account surplus would swell from around 27.8 percent of GDP in 2011 to 33 percent in 2012...
UAE says real GDP grew 4.2% last year
The United Arab Emirates' economy grew 4.2 percent in inflation-adjusted terms last year, Economy Minister Sultan bin Saeed al-Mansouri said....
Qatar’s SMEs contribute 15%-17% of non-oil GDP
Qatar has 8,000-11,000 small and medium enterprises (SMEs) but their contribution to non-oil gross domestic product (GDP) is lower by...
Saudi non-oil GDP can easily sustain a 5% growth
More than any other country, Saudi Arabia is synonymous with oil and rightly so, holding around 270 billion barrels of...
The resource of credible, industry-specific updates