Saudi's economy healthy enough to sustain low oil prices
Saudi Arabia's oil revenues are expected to drop this year. Brent price is likely to reach $100/barrel in 2012 and...
Economy
Kuwait signs 287 contracts and deals in first half of 2012
A total of 287 contracts and agreements were hammered out in the first half of 2012, said a senior Ministry...
Economy of Jordan shows positive signs
Despite regional turbulence and failure of donor countries to provide Jordan with promised grants, the national economy has showed recovery...
Saudi Arabia issues 5 new finance laws
The Saudi Council of Ministers issued a package of five new laws which are expected to dramatically change the finance...
Abu Dhabi GDP soars 29.9% to Dh800b in 2011
Statistics Centre — Abu Dhabi, or Scad, said Abu Dhabi’s gross domestic production, or GDP, at current prices grew by...
Iraqi cabinet approves $9.4bn supplementary budget
Iraq’s cabinet has approved a supplementary budget for 2012 of 10.875 trillion Iraqi dinar ($9.35 billion), in addition to the...
BoFA Merrill Lynch foresees a robust 2012 growth for GCC countries
According to Bank of America Merrill Lynch, GCC countries are set to report a robust real GDP growth of 4.3%...
Oman to sustain economic growth
Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put...
Iraq negotiating with Nissan Motors for establishing a complete factory
The Iraqi Automobile Company's director general disclosed that negotiations are underway with the Japanese company Nissan to sign a partnership...
Saudi revenue seen at $295 billion a year till 2016
Saudi Arabia will collect $295 billion a year in government revenue from 2012 to 2016 amid high oil prices, Samba...
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