JGC wins Aramco, Sumitomo JV contract
Japan’s JGC Corp. signed a deal to expand an ethane cracker for a petrochemicals complex owned by Saudi Aramco and...
Business & Economy
The Lebanese cement industry: strong ground and promising prospects
2011 was a year of challenge for the Lebanese economy. Domestic and regional events were on the downside with the...
Lebanon holds 18th highest gold reserves worldwide
According to the latest figures released by the World Gold Council, official gold holdings in Lebanon stood at 286.8 tons...
Emirates starts direct flights between Dubai and Erbil
Emirates said it has commenced its new non-stop service between Dubai and Erbil city in Iraq. The new route is...
North Bank numbers give hope to Iraqi economy
The process of capital formation is underway in Iraq, and that is good news for the grass roots economy. At...
Hermes Datacomms wins contract in Iraq
Hermes Datacomms Middle East, a UK-based Wide Area Network communications specialist, has secured a contract to provide microwave and fibre...
Saudi Arabia’s foreign assets surge by SR205 billion
Saudi Arabia's foreign assets increased by nearly SR205 billion in the first half of 2012 after recording one of their...
Saudi Ma'aden’s gold output to rise by 30% in 2014
Saudi Arabian Mining Co. ( Ma'aden )'s gold production is expected to rise 30 percent by 2014 because of the...
Oman posts record budget surplus
Oman's budget surplus surged to a record high of RO1.683 billion ($4.37 billion) in the first half of 2012, on...
Dana Gas invests $1billion in Kurdistan region of Iraq
Dana Gas and its biggest shareholder and partner, Crescent Petroleum, invested $963 million in the Kurdish region of Iraq by...
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