Arab cash reserves up $115 billion
Arab international financial reserves grew by around $20 billion in 2011 and are projected to swell by nearly $115 billion...
Finance
Saudi foreign assets grow $70.8 billion in 8 months
Saudi Arabia's foreign assets grew by $70.83 billion during the January-August period, Saudi Arabian Monetary Agency ( SAMA ) reported....
Italy’s biggest retail bank in talks to set up in Qatar
Italy’s biggest retail bank Intesa Sanpaolo is planning to expand its footprint by entering Qatar and elsewhere in the Middle...
Saudi Credit Bank to finance tourism projects
The Saudi Credit and Savings Bank said that it would finance viable tourism projects of young Saudi men and women....
Iraq needs $1 trillion to rebuild
Iraq needs up to $1 trillion (784 billion euros) over the next 10 years to rebuild its crumbling infrastructure and...
Qatar Steel and Qatar Mining get $2 billion Algeria steel plant deal
Qatar International, a joint venture by Qatar Steel and Qatar Mining, secured a deal to build, own and operate a...
Qatar Holding invests in Chernin Group
The Chernin Group ("TCG"), which manages and invests in businesses in media sectors globally, announced that it has secured a...
Bahrain aims at becoming investment haven
The initiatives taken by the Bahraini government in order to diversify the sources of income have contributed greatly in the...
Qatar may invest 10 billion euros in French firms
Gas-rich Qatar may invest up to 10 billion euros ($12 billion) in big French firms, the ambassador of the Gulf...
Kuwait to spend $100 billion on oil projects over 5 years
OPEC member Kuwait plans to spend some $100 billion on oil projects inside and outside the Gulf state over the...
The resource of credible, industry-specific updates