Lebanese government approves long-awaited oil and gas exploration decrees
Lebanon's new Cabinet endorsed two crucial decrees on offshore oil and gas exploration, putting an end to the long-delayed matter...
Business & Economy
Qatar's fiscal deficit to decline in 2017, says QNB report
Qatar’s budget deficit is set to decline by 38.9 percent from $13bn (QR46.5bn) in 2016 to $7.8bn (QR28.4bn) in 2017...
Jordan’s economy exhibits resilience in 2016 despite difficulties
In the face of regional instability, high levels of debt and the cost of hosting hundreds of thousands of refugees,...
Sumitomo Electric to establish 2nd factory in Egypt
Japanese company Sumitomo Electric Industries will invest in Egypt through establishing a factory in 6th of October City with a...
FDI into Qatar totals $37.3 billion in 2015
Foreign direct investment (FDI) into Qatar amounted to QR137.2bn ($37.3 billion) in 2015 with manufacturing cornering the maximum share of...
Local production of Peugeot vehicles in Iran to resume in 2017
For more than 30 years, Iran was an important market for France's PSA Group, parent company of the Peugeot and...
Middle East residential water treatment devices market expanding at a CAGR of 6.8%
Future Market Insights (FMI) recently announced the release of its report titled "Residential Water Treatment Devices: Middle East Industry Analysis...
GCC budgets focus on nonoil diversification and fiscal consolidation
Last week Saudi Arabia announced its budget for 2017. It plans to spend 890bn Saudi riyals in 2017, which is...
Egypt to aim for 5% economic growth rate in 2017/18 budget
Egypt's finance ministry will aim for an economic growth rate of five percent in the next financial year, according to...
Saudi Arabia approves $237 billion budget for 2017; spending up 8%
Saudi Arabia's Cabinet, which met under the chairmanship of King Salman bin Abdulaziz Al Saud, has approved a SR890 billion...
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