Bahrain’s Alba hires BNP Paribas for $2.5 billion expansion
Aluminum Bahrain BSC , which owns the world's fourth-largest aluminum smelter, announced that it has hired BNP Paribas to advise...
Business & Economy
Iraq begins the construction of Faw Port
Iraq announced the beginning of the first step to establish Faw Port overlooking the Gulf States. Iraq placed the foundation...
Qatar eyes major global sporting role
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief...
50% increase in trade via Kurdistan-Iran border
The trade exchange in the past six months via Haji Omran border point has increased 50% as compared to the...
UAE’s Etisalat may allow foreign ownership
Emirates Telecommunications Corporation (Etisalat) will soon allow foreigners to own its shares, as per company officials. The Emirates Investment Council...
UAE airports report double-digit traffic growth
Dubai International and Abu Dhabi International airports saw passenger traffic increase in the first half of the year as airlines...
Saudi public transport companies team up to create US$ 533 million joint firm
A number of Saudi public transport companies have begun forming alliances to create a joint mass passenger transport company with...
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...
Bahrain encourages banks to enhance Islamic finance
The Kingdom is encouraging some of its sharia-compliant banks to join forces to be better capitalized and equipped to deal...
Saudi- 2.9 million foreign tourists spent SR 7.1 billion in Q1 2012
As many as 2.9 million foreign tourists who visited the Kingdom in the first quarter of 2012 spent more than...
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