Iraq needs 640 banks for economic development
Financial experts recently said that the number of current Iraqi banks, with few branches, is not enough to contribute to...
Business & Economy
GCC economies to grow 5.6% in 2012 and 4% in 2013
Growth in the Middle East has slowed but the region is still outperforming much of the world, according to ICAEW's...
Qatar Holding inks $389 million French partnership
French State-owned Caisse des Depots and Qatar Holding said they signed a memorandum of understanding to co-invest in small and...
UAE chemical investment put at $12 billion
New mega projects will boost the UAE's investment in the petrochemicals industry to nearly $12 billion by 2015 to maintain...
Central Bank of Jordan receives $250 million deposit from Saudi Arabia
The Central Bank of Jordan received an official notice from the Saudi Development Fund confirming the transfer of $250 million...
Saudi industrial sector set to rise to 24% of GDP
By 2020, the Saudi industrial sector is expected to grow to 24 percent of the gross domestic product (GDP), Abdulla...
Saudi Arabia: Oil heads up robust growth
Increased crude production in Saudi Arabia, combined with rising oil prices, has put the Kingdom on track to generate record...
Levant Basin Province could embrace as much as 122 trillion cubic feet of gas and 1.7 billion barrels of oil
The US geological survey assessed that the Levant Basin Province, including parts of Israel, Lebanon, Syria, and Cyprus, could embrace...
Kuwait budget surplus to hit $44.7 billion
Kuwait's budget surplus for the first six months of FY 2012/13 reached KD12.6 billion ($44.7 billion) before allocations to the...
Experts call for LNG terminals in Lebanon
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts...
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