Levant Basin Province could embrace as much as 122 trillion cubic feet of gas and 1.7 billion barrels of oil
The US geological survey assessed that the Levant Basin Province, including parts of Israel, Lebanon, Syria, and Cyprus, could embrace...
Economy
Kuwait budget surplus to hit $44.7 billion
Kuwait's budget surplus for the first six months of FY 2012/13 reached KD12.6 billion ($44.7 billion) before allocations to the...
Experts call for LNG terminals in Lebanon
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts...
Expats remit $13 billion from Qatar in 2011
Remittances routed by foreign workers overseas stood at an incredible QR47.5bn ($13bn) in 2011, with India topping the list of...
Bahrain investment sector on growth curve
The sector representing Bahrain's investment business firms has been showing strong growth as demonstrated by the figures reported for the...
Saudi Arabia invests $50 billion in mining sector
Top oil exporter Saudi Arabia is investing more than $50 billion in its mining sector, the country's oil minister Ali...
Citi upgrades UAE real GDP forecast to 5.1%
Citi, one of the largest Wall Street banks, has upgraded the UAE's real gross domestic product (GDP) growth to 5.1...
Iraq to become world’s fastest growing economy
Iraq will emerge as the world's fastest growing economy in 2012 and 2013, according to Bank of America Merrill Lynch...
Saudi Arabia endorses GCC customs tariff
The Saudi Council of Ministers endorsed the 2012 version of the unified GCC customs tariff, which is expected to boost...
Robust growth seen for Saudi non-oil sector
Saudi Arabia's non-oil economy is expected to witness robust growth of 7.5 per cent in 2012 on the back of...
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