Saudi insurance sector expected to grow by 13% in 2013
A number of executive officials of several insurance companies agreed that the annual growth rate of the insurance sector would...
Business & Economy
Saudi Fantasy Party chain opens in Beirut
Fantasy Party, a costume and party supplies chain, announced that it has opened its doors in Beirut. Fantasy Party...
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...
Strong demand from China to propel GCC exports
Exports from the GCC countries to China rose to $7.1 billion in October from a yearly low of $4.9 billion...
Less customs duties on gold to boost GCC trade
The reduction of customs duty on gold and jewelries would boost mutual trade and further expand commercial relations between member...
KSA passes a record 2013 budget with $219 billion expenditure
Saudi Arabia boosted its 2013 public expenditure target to SR820 billion ($218.7 billion) as the Saudi King Abdullah approved the...
HSBC to fund Lebanon’s Zouk and Jiyeh power plants rehabilitation
HSBC Bank won a tender to carry out maintenance work at Zouk and Jiyeh power plants instead of providing the...
World's largest butanol plant to go on-stream in Saudi Arabia in 2015
A three-way shareholders agreement to establish the Saudi Butanol Company, which will produce butanol to support the continued growth of...
Saudi government’s incentives spurring growth in industrial investment
Commerce and Industry Minister Tawfiq Al-Rabiah emphasized the government’s efforts to strengthen the country’s industrial sector by offering incentives to...
Qatar the most competitive economy in the Middle East
The World Economic Forum's Global Competitiveness Report for 2011-2012, which ranks the world's fastest growing economies, placed Qatar 14th overtaking...
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