Saudi Arabia spending poised to touch $266.6 billion this year
Investment in infrastructure projects could provide a significant opportunity for investors in Saudi Arabia as government spending is set to...
Economy
Lebanon’s travel and tourism industry to generate a total of $11.1 billion in 2013
The World Travel & Tourism Council (WTTC) estimated that the travel & tourism (T&T) industry’s direct contribution to the Lebanese...
Is the sun setting on gold?
After climbing 500% in a decade, perhaps it is time for gold investors to accept that the yellow metal is...
Saudi oil can fulfill energy needs for 80 more years
Saudi Arabia has adequate oil reserves to meet its energy requirements for 80 years, Asharq Al-Awsat daily reported, quoting a...
$7 billion to boost SMEs in Kuwait
The Parliament unanimously approved the Financial and Economic Affairs committee report on the National Fund for Supporting Small and Medium...
Saudi Arabia makes up 52% of GCC's current account surplus in 2012
The GCC region has emerged as the 12th largest economy in the world with its nominal GDP, reaching a new...
Kuwait records $52 billion surplus
Strong oil prices allowed Kuwait to record a budget surplus of around KD14.7 billion in the first eight months of...
Lebanon: Lenders banking on stability
Senior banking officials have been talking up Lebanon’s banking sector, pointing to strong reserve positions and its continued resilience. However,...
Kuwait allots $19 billion for 2013-14 development strategy
The Ministry of Finance has recently formed six teams to examine and conform ventures of the fourth development plan (2013-2014)...
Jordan: Energy price rises inevitable
Ongoing energy concerns continue to plague Jordanian manufacturers despite an overall resilient performance from the sector in 2012. As the...
The resource of credible, industry-specific updates