Nonoil Saudi GDP growth forecast at 6.3%
The Saudi Central Department for Statistics and Information released new revised GDP figures for the last three years showing that...
Business & Economy
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...
Over 40 firms express interest in Lebanese gas exploration
Lebanon’s first gas tender, set to take place in February 2013, is expected to attract more than 40 international oil...
GCC aluminum scrap and recycling market to grow by 10%
The aluminum scrap and recycling market in the GCC was estimated at 292,281 metric tons (MT) in 2010 and is...
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...
Investments in Abu Dhabi’s Borouge project to reach $4.5 billion
Abu Dhabi-based Borouge, a leading provider of innovative plastics solutions, plans to invest up to $4.5 billion in its ambitious...
Khalil Fattal et Fils inaugurates Les Caves De Taillevent in Beirut
Khalil Fattal et Fils inaugurated Les Caves De Taillevent in December 2012. The new wine cellar, located at Les Jardins...
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...
China to become largest economy by 2030
The US National Intelligence Council (NIC) projected the world's real GDP to range between $105.7 trillion and $133.1 trillion by...
Saudi pharmaceutical market to reach $4.7 billion by 2016
Saudi Arabia, one of the largest pharmaceutical markets in the Middle East region, is forecast to expand by 4.7 percent...
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