Saudi oil can fulfill energy needs for 80 more years
Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, Asharq Al-Awsat daily reported, quoting a...
Business & Economy
$7 billion to boost SMEs in Kuwait
The Parliament unanimously approved the Financial and Economic Affairs committee report on the National Fund for Supporting Small and Medium...
Saudi banks see good opportunity in home financing
Saudi Arabia's new mortgage law will transform home financing in Saudi Arabia to property-secured lending from the current practice of...
Qatar exempts foreign investors from paying taxes
Qatar is exempting non-Qatari investors from paying taxes on their share of profits in the joint stock companies listed on...
$2.2 billion Eurobonds sold by Central Bank of Lebanon
The Central Bank has sold $2.2bn of sovereign Eurobonds and swapped LL6 trillion of 2013 and 2014 certificates of deposit...
Saudi Arabia makes up 52% of GCC's current account surplus in 2012
The GCC region has emerged as the 12th largest economy in the world with its nominal GDP, reaching a new...
More than 30,000 cameras are monitoring Dubai
In total, government authorities and the private sector in Dubai operate an estimated 30,000 closed-circuit televisions (CCTVs) to monitor public...
Budget boost for education in Oman
The government in Oman is channeling extra funding into education as part of a broader bid to provide its younger...
$2 billion sukuk program by QIIB
Qatar International Islamic Bank ( QIIB ) is looking to set up a $2bn sukuk program. The Bank's Board has...
Doha Bank to raise capital by 50%
Doha Bank , Qatar's fifth-largest lender by market value, will go ahead with its plans to increase its capital. The...
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