Beirut based Venture capital fund announces three investments
The Beirut-based venture capital fund Berytech Fund announced several transactions that consist of an investment in Cardio Diagnostics, the first...
Business & Economy
JPMorgan expands Iraqi business
JPMorgan Chase is the latest international bank after Citigroup and Standard Chartered to expand business in Iraq, reports Bloomberg. The...
Lebanon and Armenia sign cooperation agreement
The Beirut & Mount Lebanon Chamber of Commerce, Industry & Agriculture signed a Memorandum of Understanding with its Armenian counterpart...
Luxury car sales in GCC see surge in growth
There is not even a hint of a slowdown in the region’s premium car sales, with the BMW Group confirming...
Huge opportunities in Saudi Arabia’s leasing market
Saudi Arabia, the largest economy in the GCC, has been attracting international investors like a "strong magnet," says David Hunt,...
Dubai accounts for 30% of the luxury market in the Middle East
Dubai is increasingly attracting more luxury shoppers from around the world and accounts for 30 per cent of the luxury...
Saudi SABIC awards $387 million contract for new plastic plant
Saudi Basic Industries Corp (SABIC) has awarded Spanish firm Dragados a $387 million contract to design and build a new...
Saudi banks head for record 2013
A sharp recovery in domestic credit will ally with low funding costs to boost the net profits of Saudi Arabia's...
Tehran – Baghdad business transactions triple
Iran and neighboring Iraq have tripled their transactions, which can increase further in the near future. Iran's Vice President for...
Kuwait ICT spending to reach $28 billion during 2012-2015
Kuwait is the third largest spender on Information and Communication Technology (ICT) infrastructure in the Gulf Cooperation Council (GCC), according...
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