8% economic growth in Iraq in 2012
According to the study of IMF, due to the rising oil production and robust non-oil activities, Iraq has managed to...
Economy
Saudi Kafala approves guarantees worth $1.28 billion for SMEs
The Kafala program has approved 670 guarantees for small and medium enterprises (SMEs) in 2012 valued at SR 4.8 billion...
Oman paving the way for a post-oil economy
Government spending had created 36,000 private sector jobs for nationals in 2012, and a further 56,000 would be created this...
Kuwait budget surplus to top $50 billion in 2012-13
An oil price of between $101 and $118 per barrel in 2013-14 could generate a budget surplus for Kuwait of...
IIF: Qatar richest country in the world
Qatar retained its ranking as the world's richest country in 2012, with its per capita income soaring to an incredible...
GCC economic growth to moderate in 2013
GCC economic growth is set to slow to 3.6 percent in 2013 from 5.4 percent in 2012 as the three-year...
World Bank to extend $70 million loan for local SMEs in Jordan
The World Bank will extend a low interest, long-term $70 million loan to Jordan in order to facilitate the financing...
Kuwait records $56.6 billion surplus
Strong crude prices allowed Kuwait to record a large surplus in the first nine months of the current fiscal year...
Syrian investors to build factories in Lebanon
Syrian industrialists are queuing up to establish industrial plants in Lebanon, the industry minister told. “At least a dozen Syrian...
Iraqi parliament passes budget
The Iraqi parliament passed the country's 2013. Iraq's cabinet approved the 138-trillion-Iraqi-dinar ($118.5 billion) budget in October, but differences repeatedly...
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