Riyadh soon to have gas pipeline
Prince Muhammad Bin Saad Bin Abdul Aziz, Acting Emir of Riyadh region, announced that a pipeline will be constructed in...
Business & Economy
Jordan to import liquid gas by 2014
Jordan will begin importing liquefied natural gas (LNG) from "several exporting countries" in June 2014 following the completion of a...
Arab equity markets up 4%
Arab stock markets increased by 4.3% and GCC equity markets rose by 3.9% in the first 10 months of 2012...
Iraq‘s fiscal surplus projected at 2% of GDP in 2013
Citigroup indicated that the Iraqi Cabinet ratified the 2013 draft budget that includes spending of 138 trillion Iraqi dinars ($118.3...
EFG Hermes seals JV with QInvest and eyes Turkey, Iraq, Libya
Egyptian investment bank EFG Hermes aims to expand into Turkey, Iraq and Libya and plans to grow its asset management...
Italy’s Eni Consortium to invest $18 billion in Iraq’s Zubair oilfield
The CEO of Italian oil and gas company Eni, Paolo Scaroni, said he expects the consortium led by Eni to...
Banks to play key role in Qatar infrastructure push
Qatari banks are bulking up to play a role in funding the country's massive infrastructure expansion. But in a country...
Railway boom to shape Gulf economies in $100 billion project
Official figures suggest around $100bn may be spent by the end of this decade laying over 6,000km (3,750 miles) of...
Saudi SABIC one of the world's top spenders in R & D
After growing almost 10 percent for the second consecutive year, total R&D investment among the world's top innovation spenders continues...
FDI in Arab countries totaled $790.2 billion
Ernst & Young indicated that foreign direct investment (FDI) in Arab countries totaled $790.2bn and increased at a compound annual...
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