EIB and SGBL to invest EUR 15 million in Lebanese SMEs
Societe Generale de Banque au Liban and the European Investment Bank (EIB) signed an agreement for the establishment of a...
Business & Economy
GCC’s petrochemical capacity grows by 13.5%
Petrochemicals production capacity in the six member Gulf Cooperation Council (GCC), grew 13.5% year on year in 2011 to 116...
Saudi oil earnings up to US$311b in 2011
The US Energy Information Agency (EIA) announced that amongst OPEC's 12-nations, Saudi was the largest earner in 2011, with USD311...
World Bank: Lebanon’s GDP growth to reach 3.6% in 2012
Lebanon’s economy will continue to take in the negative effects of unrest in Syria over the coming period, although economic...
S&P sees bright outlook for GCC countries
According to Standard & Poor’s, the outlook for oil-exporting countries in the GCC is bright as oil prices should sustain...
Qatar banks to stay profitable in 2012
Qatar’s banking sector is expected to stay in the trajectory of expanding profits and maintain double-digit loans and deposit growth...
Iraqi banks must increase capital to $215million this month
The Iraqi Central Bank (ICB) has set a time limit for all banks in Iraq to increase their capital and...
IMF lists Saudi Arabia world’s 8th high growth economy
Saudi Arabia ranks 8th among the world’s 10 high growth economies in 2012, according to a report of the International...
GCC population put at 46.9 million
The total population of Gulf oil producers gained nearly 17 million in 10 years to reach 46.9 million at the...
Qatar Financial Markets Authority issues 4 new regulations on financial services
The Qatar Financial Markets Authority strengthened its legislative infrastructure by issuing new regulations on financial services. The new laws cover...
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