GCC aluminum sector investments reach $22 billion
According to a recent study released by the Doha-based Gulf Organization for Industrial Consulting (GOIC) estimated the investments of five...
Business & Economy
Lukoil to bring Asian partners to Iraq
Russia’s No.2 oil producer Lukoil is enjoying higher 1Q earnings and seeking partnership with Asian oil firms to participate in...
S&P maintains Kuwait credit ratings at AA
Standard & Poor’s Ratings Services said it has maintained sovereign credit ratings for Kuwait at AA on strong financial resources...
Dubai economy grows by 3.4 pct in 2011
Dubai’s economy expanded by 3.4 percent in 2011, helped by strong trade flows and rising tourist numbers, Arif Obaid al-Muhairi,...
Ma'aden signs $1.5b aluminum refinery contract
Saudi Arabian Mining Company has awarded a $1.5 billion contract to South Korea's Hyundai Engineering & Construction Co. to build...
Saudi per capita income may hit SR116,900
Experts have predicted that Saudi per capita income in the gross domestic product (GDP) will climb to SR 116,900 but,...
Jordan annual pharmaceutical exports worth $650 million
The Kingdom’s annual pharmaceutical exports amount to $650 million, Jordan Food and Drug Administration (JFDA) Director General Hayel Obeidat said....
Arab advertising market to reach $5bn in 2012
Deloitte & Touche projected the advertising market in the Arab world to reach $4.9bn in 2012, constituting an increase of...
Saudi Aramco pushes on with $7bn Rabigh plan
Saudi Aramco and Sumitomo Chemical Co have agreed to go ahead with a $7bn expansion of the Rabigh II petrochemical...
Economic outlook for Middle East in 2012 improves sharply
Middle East economies are set to beat forecasted figures this year, with the GDP growth of 3.8% in 2012 and...
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