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...
Business & Economy
Financial inflows to Lebanon increased by 15.9% to reach $7.7 billion
Financial inflows increased by a yearly 15.9% to reach US$ 7.7 billion in the first half of 2012 relative to...
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...
Saudi telecom firms earn SR 65 billion in 2011
Saudi telecom companies earned SR 65 billion from their operations at the end of 2011 and realized an average growth...
UAE is largest Arab foreign direct investor by more than $57 billion
The UAE has pumped more than $57 billion into foreign markets to emerge as the largest capital exporter in the...
Trade between Iran and Kurdistan region of Iraq to exceed $4bn
Trade between Iran and the Kurdistan Region of Iraq is expected to exceed $4 billion (5 trillion Iraqi dinars) this...
GCC aluminum production nears 5m tons/year by 2013
The Gulf Aluminum Council (GAC) indicated that the overall production capacity of aluminum smelters in the Gulf Cooperation Council (GCC)...
Fluor wins Saudi aluminum plant contract
Engineering and construction company Fluor Corporation has won contracts worth more than $1 billion for an aluminum plant in Saudi...
Expatriates in Saudi Arabia remitted over US$ 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...
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