UAE Central Bank tells lenders to hold 10% of liabilities in liquid assets
The United Arab Emirates central bank is preparing local lenders for new Basel III banking supervision standards by requiring them...
Business & Economy
Saudi mortgage law to spur Islamic finance
Saudi Arabia's approval of a landmark mortgage law this week after a delay of more than three years will give...
Qatar’s real GDP rises by 6.9% year-on-year in the first quarter of 2012
According to the Qatar Statistics Authority, the State’s real GDP rose by 6.9% annually to reach US$ 22.7 billion in...
Qatar most innovative GCC economy
The international business school INSEAD, in conjunction with the World Intellectual Property Organization released the 2012 Global Innovation Index in...
Oman's budget surplus rises to $4.2bn
Oman's budget surplus rose to OR1.6bn ($4.2bn) in the first five months of this year as oil revenue soared, while...
Iraq: key economic indicators
OIL EXPORTS Barrels per day (bpd) is the daily average of monthly total exports as reported by the Oil Ministry...
GCC to raise global share of aluminum output to 15%
The Gulf Cooperation Council (GCC) will boost their share of global aluminum output to 15 percent by the end of...
Qatar buys Valentino fashion house
Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5m), the latest...
Qatar Airways named best airline in the world
Qatar Airways has been named best in the world in the prestigious Skytrax World Airline Awards for the second year...
Top 50 banks in the GCC revealed
Saudi Arabia’s Al Rajhi Bank has topped a list of the Gulf’s top 50 banks. Saudi Arabia’s Al Rajhi Bank...
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