Moody’s maintains a stable outlook on the Saudi banking system
Moody’s issued its latest banking sector report on Saudi Arabia in which it maintained a stable outlook on the system....
Business & Economy
UAE leads as ME M&A activity doubles to $15.7billion
Middle Eastern M&A activity recorded deals worth $15.7 billion during the first nine months of 2012, more than double the...
The IMF revises upward the MENA region’s 2012 real growth projections
The International Monetary Fund (IMF) issued its latest World Economic Outlook report in which it revised upward the MENA region’s...
Saudi Arabia poised for 6% GDP growth
Saudi Arabia is heading for real GDP growth of 6 percent in 2012, according to Moody's Investors Service. It also...
Kuwait’s Burgan bank eyes 25% stake in Maltese bank
Kuwait's Burgan Bank, which recently bought the Turkish arm of EFG Eurobank, announced that it is planning to buy a...
Kingdom Holding plans up to $500 million loan
Saudi Arabia's Kingdom Holding Co. is planning to raise up to US$ 500 million from a syndicated loan, with the...
IMF: Oil boom to spur MENA region's growth
High oil prices will support economic expansion in the Middle East and North Africa in 2012-2013 as importers grapple with...
Mena oil producers plan $740 billion investment in energy projects
Oil producers in the Middle East and North Africa plan to invest $ 740 billion in energy projects in the...
UAE automotive market to grow around 23%
The UAE automotive market is expected to record a significant 23 per cent growth in 2012 against nine per cent...
Qatar Telecom raises stake in Kuwait's Wataniya to 92.1%
Qatar Telecom announced that it has raised its stake in Kuwait's Wataniya to 92.1% following the conclusion of its tender...
The resource of credible, industry-specific updates