GCC to boost aluminum output by 40%
With global demand for aluminum estimated to increase and reach 70 million metric tons per year by 2020, GCC countries...
Finance
UAE seen as a leading destination for FDI
A recently published report by INSEAD, considered the UAE as one of the leading destinations worldwide, in terms of foreign...
Doha Bank to increase capital by 50%
Doha Bank announced plans to increase its capital by 50%, with 25% raised through a local rights issue and the...
Bahrain's Ahli United Bank to sell stake in Qatar’s Ahli Bank to Qatar Foundation
Bahrain's Ahli United Bank announced that it has agreed to sell most of its 33.3% stake in Qatari lender Ahli...
Qatar and Algeria sign a steel plant deal
Algeria and Qatar have signed a deal to jointly build a steel plant in Bella, 300km east of Algiers, which...
Ashour Holding acquires a majority stake in Movenpick Lebanon
Lebanese investment firm Ashour Holding reportedly acquired the shares of Saudi Prince al-Waleed bin-Talal in the Movenpick Hotel & Resort-Beirut...
Lebanese Central Bank announces $1.3 billion economic stimulus package
Central Bank Governor Riad Salamé announced a financial package aimed to stimulate lending and support domestic demand in 2013. He...
22 Iraqi banks achieve $356 million earnings in 9 months
A study released by "Association of Private Banks in Iraq," unveiled that the quarterly earnings of 22 Iraqi banks among...
Iraq's Asiacell aims to raise $1.3 billion from IPO
Asiacell Communications PJSC, Iraq's second largest mobile operator, aims to raise about US$ 1.3 billion from an initial public offering...
Robust performance of Saudi banking sector in 2012
The banking sector in the Kingdom of Saudi Arabia remains in good shape, reflected by robust financial profiles across the...
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