Beirut airport activity sustains growth
The latest data released by the Rafic Hariri International Airport showed that during the first six months of 2012, activity...
Business & Economy
Saudi Arabia's cellular market most competitive in Arab world
Saudi Arabia retained its status as the most competitive Arab cellular market with a 74.56 percent mark, the 2012 Cellular...
Qatar’s economic growth outlook remains bright
Backed by enormous energy resources, Qatar is set to generate a current account surplus of 31.8% of GDP this year,...
More than half of GCC population under age 25
The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people...
Middle East economies to outpace rest of world
The move comes despite a backdrop of deteriorating global prospects, the multilateral lender said. It expects the regional economy to...
Saudi Arabia 3rd richest in natural resources in the world
Saudi Arabia ranks third globally among the 10 countries with the most plentiful and valuable natural resources, according to a...
Saudi mortgage law to spur Islamic finance
Saudi Arabia's approval of a landmark mortgage law this week after a delay of more than three years will give...
Saudi Arabia's steel industry to firm up 9% during 2012-15
Saudi Arabia has become one of the favorite destinations for the steel majors due to thriving construction sector, and soaring...
UAE Central Bank tells lenders to hold 10% of liabilities in liquid assets
The United Arab Emirates central bank is preparing local lenders for new Basel III banking supervision standards by requiring them...
GCC to raise global share of aluminum output to 15%
The Gulf Cooperation Council (GCC) will boost their share of global aluminum output to 15 percent by the end of...
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