GCC banks’ recovery to continue
Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from euro zone turmoil for the...
Business & Economy
Saudi Mortgage law opens Kingdom to home lending surge
Saudi Arabia’s mortgage law, approved two days ago after more than a decade of debate, will encourage banks to expand...
Mobile penetration in the Middle East hits 96% in the first quarter of 2012
Mobile subscriptions in the Middle East grew at a rate of 69,230 new connections per day in the first quarter...
GS Engineering and Construction wins $1.8 billion Saudi deal
South Korea's GS Engineering and Construction announced that it has won a US$ 1.8 billion deal to build four petrochemical...
The UAE to admit new telecom operators after 2015
The UAE could admit new operators apart from Etisalat and du in the country’s telecommunications sector, in line with an...
New car sales in Lebanon up by a yearly 14.3% in the first five months of 2012
According to data compiled by the Association of Car Importers in Lebanon, the number of newly registered cars stood at...
New Saudi law expected to boost the mortgage market
The Saudi Council of Ministers, chaired by Custodian of the Two Holy Mosques King Abdullah, approved the much-awaited mortgage law,...
Oman to sustain economic growth
Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put...
Iraq negotiating with Nissan Motors for establishing a complete factory
The Iraqi Automobile Company's director general disclosed that negotiations are underway with the Japanese company Nissan to sign a partnership...
Saudi revenue seen at $295 billion a year till 2016
Saudi Arabia will collect $295 billion a year in government revenue from 2012 to 2016 amid high oil prices, Samba...
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