Saudi Arabia joins single Arab car insurance card scheme
The Saudi Council of Ministers approved the Kingdom's accession to the agreement on joint insurance cards for vehicles traveling across...
Business & Economy
Qatari investors target European hospitality sector
The Qatari private sector is set to invest more than $5bn in Europe's hospitality sector in the next couple of...
Prototype of world's first hybrid super car on display in KSA
Porsche Centre Saudi Arabia, Samaco Automotive, has presented the 918 Spyder prototype at its showroom in Jeddah to a select...
Equity markets in the GCC have room to grow further
Gulf Cooperation Council (GCC) equity markets are considered some of the most promising markets, with room to grow further, given...
Car sales in Lebanon up 6% in first two months of 2013
Figures released by the Association of Automobile Importers in Lebanon (AIA) indicate that a total of 4,723 new passenger cars...
Iraq ready to cooperate in industrial zones with UNIDO
Iraqi Free Zones Commission expressed readiness to cooperate with UNIDO (United Nations Industrial Development Organization) in establishing industrial zones and...
GCC economic growth to moderate in 2013
GCC economic growth is set to slow to 3.6 percent in 2013 from 5.4 percent in 2012 as the three-year...
Trade exchange in the Kurdish region of Iraq reached $20 billion in 2012
The governor of Erbil announced that the Kurdish trade exchange with other countries has reached to $20 billion in 2012,...
World Bank to extend $70 million loan for local SMEs in Jordan
The World Bank will extend a low interest, long-term $70 million loan to Jordan in order to facilitate the financing...
Kuwait records $56.6 billion surplus
Strong crude prices allowed Kuwait to record a large surplus in the first nine months of the current fiscal year...
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