Saudi mining firm plans $7 billion phosphate plant
Saudi Arabian Mining Company (Maaden) is looking to raise $7bn to fund a phosphate project with a production capacity of...
Business
Qatar to invest $5 billion in Malaysian petrochemical complex
Qatar's sovereign wealth fund plans to spend half of the $10 billion it expects to invest in Malaysia on a...
SABIC to open 4 new technology and innovation facilities
Saudi Basic Industries Corporation ( SABIC ) will launch four new state-of-the-art technology and innovation facilities in 2013, two in...
Qatar spent $6 billion on education
Qatar's thrust on quality education was reflected in the country's huge allocation of $6.04bn for the sector in 2012, a...
GCC to boost aluminum output by 40%
With global demand for aluminum estimated to increase and reach 70 million metric tons per year by 2020, GCC countries...
Beirut-based luxury car firm launches world’s first ‘hypercar’
The Beirut-based car company W Motors has completed the first prototype of its $3.4 million “ultra-luxury hypercar” and is gearing...
New car sales in Lebanon up by 9.3% in 2012
According to data compiled by the Association of Car Importers in Lebanon, the number of newly registered car sales stood...
Deal signed for Saudi Arabia's first factory to make trailers
Saudi and Turkish investors have reached an agreement to establish the Kingdom's first factory to build trailers and containers at...
Automobile factory in the Kurdish region of Iraq soon
An automotive company is working on a project for establishing an automobile factory in Sulaimaniya. The company, called Mario Automotive...
Lebanon’s 961 beer launched in the United States
Starting January 2013, American consumers started having access to the Lebanese beer, 961 Beer. Founded in 2006, the brewery began...
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