Saudi letters of credit up 24% as economic growth spurs demand
The value of letters of credit signed by lenders in Saudi Arabia surged 24 percent in the first six months...
Economy
Qatar’s global GDP share seen near double by 2030
Economic diversification aided by hydrocarbon revenue will scale up Qatar’s share of global GDP at market exchange rates to 0.4%...
34 tons of gold imported into Kurdistan
AKnews reports that gold imports into Iraqi Kurdistan have hit 34 tons during the first seven months of the year....
Fast food chains boom in Baghdad
Baghdad's residents can finally get their milkshakes, chili-cheese dogs and buckets of crispy fried chicken. A wave of new American-style...
GCC countries to record strong GDP performance in 2012
The members of the six-nation Gulf Cooperation Council (GCC) are expected to record strong GDP performance through 2012 in contrast...
Saudi economy shows resilience
Saudi Arabia's quarterly GDP growth eased slightly to 5.9 percent y-o-y in 1Q12 from 7.4 percent y-o-y in 4Q11, due...
Saudi Arabia 'best place for seeking jobs'
Saudi Arabia's financial situation is stable and is the best place for seeking jobs, according to a consumer confidence survey...
Qatar heading for another record fiscal surplus
Revised figures for Qatar's fiscal outturn in 2011/12 show that revenue, expenditure and surplus all reached record levels. QNB Group...
Saudi surplus may soar by 28 times
Saudi Arabia's budget surplus could rocket by nearly 28 times in 2012 as revenue will likely be far higher than...
Lebanon has significant natural gas wealth
Explorers will very likely find substantial quantities of natural gas and possibly oil off the Lebanese coast, according to a...
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