Turkey's Tekfen to build a $122.5 million petrochemical plant in Saudi Arabia
Turkish conglomerate Tekfen Holding TKFEN.IS said on Friday that its unit Tekfen Insaat won a $122.5 million contract in Saudi...
Business & Economy
Jaguar Land Rover plans car assembly plant in Saudi Arabia
Tata group Chairman Ratan Tata has said Jaguar Land Rover (JLR) is examining the possibility of setting up an assembly...
Kuwait’s banking sector's resiliency improves
The Institute of International Finance indicated that Kuwait's banking sector is better positioned to face the spillovers of external shocks,...
GCC motorcycle and all-terrain-vehicle market worth over $1 billion
According to a study, the GCC market for new motorcycles and off-road vehicles such as quad bikes is worth an...
Qatar to have new Islamic Bank
A new Islamic bank with a $1bn capital is expected to be set up under the Qatar Financial Centre (QFC),...
Saudi imports up by 4.4%
Saudi Arabia's incoming economic data signals that nonoil sector growth has been moderating after blistering growth last year and early...
Expats in Qatar sent QR30.8 billion to home countries in 2011
Remittances routed by expatriate workers to their home countries soared to about QR30.8bn, a 4.5 percent increase in 2011 compared...
Abu Dhabi’s manufacturing base to expand significantly
With the first phase of the Khalifa Industrial Zone Abu Dhabi (KIZAD) projected for completion in the fourth quarter of...
Turkey's UB Holding bags $500 million steel plant rehabilitation project in Iraq
Iraq's cabinet agreed to award Turkey's UB Holding a project to rehabilitate a steel plant in the south of the...
Saudi letters of credit up 24% as economic growth spurs demand
The value of letters of credit signed by lenders in Saudi Arabia surged 24 percent in the first six months...
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