Saudi SIDF provides SAR2.9b in loans to promote non-oil exports
The Saudi Industrial Development Fund , or SIDF , has approved 2.9 billion Saudi riyals ($733 million) in loans to...
Economy
Jordan in search of further investment
Even though foreign direct investment (FDI) inflows are poised to rise sharply in the second half of 2012, the Jordanian...
Iraqi oil revenues up by $1bn in July
Iraq’s oil revenues jumped by about $1 billion from June to July, according reports from AFP and Aswat al-Iraq. Oil...
Kuwait posts $47 billion record budget surplus
OPEC member Kuwait has posted record budget surplus and revenues in the 2011-2012 fiscal year that ended on March 31...
A new $16billion industrial city in Bahrain
Having long recognised the need to diversify its economy away from oil, the Kingdom was one of the first Gulf...
Expatriates in Saudi Arabia remitted over US$ 27 billion in 2011
Foreign workers in Saudi Arabia remitted record high funds of more than US$ 27 billion in 2011. Indeed, the Kingdom...
Consumer optimism in KSA brightens as retail sector booms
With strong consumer confidence and a sound economic outlook for the immediate future, Saudi Arabia’s retail sector appears set for...
Consumer confidence within the Middle East remains high
According to MasterCard’s latest Worldwide Index of Consumer Confidence, regional consumers remain upbeat about the Middle East’s future and its...
Qatar eyes major global sporting role
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief...
Saudi oil revenue rises by 48%
Saudi Arabia’s revenue from exports of crude oil and other petroleum products jumped 48 percent in 2011 as shipment volumes...
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