Oman budget expenditure seen at $33.75 billion in 2013
Oman's total budget expenditure for financial year 2013 has been estimated at RO13bn, which is around 29 per cent higher...
Business & Economy
Saudi Kingdom Holding buys Toronto hotel for $200 million
Saudi Arabia's Kingdom Holding announced that it has completed a deal to buy the Four Seasons Toronto in Canada for...
Qatar launches $632 million petrochemical plant
Qatar Petrochemical Company's (QAPCO) 3rd low-density polyethylene plant (LDPE3) cost QR 2.3 billion ($632 million), a Qatari government official said....
Saudi Maaden to start production at aluminum smelter
Saudi Arabian Mining Company (Maaden) will start initial production at its aluminum smelter next month. Maaden and Alcoa teamed up...
MoneyGram and Qtel launch mobile money transfer service for Qata
MoneyGram, a leading global money transfer company, announced it is entering a multi-year agreement with Qtel, Qatar’s leading mobile operator,...
Riyadh Exhibitions Company felicitates sponsors of Riyadh Motor Show 2012
Organizations that supported and sponsored the Riyadh Motor Show 2012, the 29th International Exhibition for Motor Vehicles, were honored by...
Saudi banks seen to post double-digit EPS growth
Saudi banks are on track to deliver double-digit earnings per share (EPS) growth, offering attractive value within EEMEA, Credit Suisse...
Qatar launches national library project
Qatar National Library (QNL) is set to open in 2014 amid hopes that it will become one of the most...
Iraq’s industrial sector attracts growing investment
Private investment in Iraq’s industrial sector is expected to reach $7 billion this year, up from $3 billion in 2011,...
E-commerce firms make moves on growth opportunities in KSA
International investors are setting their sights on the Middle East’s young but booming e-commerce industry, and particularly on the promising...
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