Saudi Arabia aims for 10% of the global petrochemical market
With its rich natural resources, Saudi Arabia is maintaining its progress in both the oil and nonoil sectors. "The Kingdom...
Business & Economy
Jordan has high mobile penetration level
Jordan is among 105 countries where the number of mobile subscriptions exceeded the population at the end of 2011, according...
IMF: Saudi economic outlook 'broadly favorable'
The outlook for Saudi Arabia's economy is "broadly favorable", with real gross domestic product (GDP) expected to grow by six...
Saverglass builds Dh342 million plant in the UAE
Building its first plant out of France, Saverglass - world specialist for manufacturing and decorating luxury bottles - has announced...
Saudi SIDF provides SAR2.9b in loans to promote non-oil exports
The Saudi Industrial Development Fund , or SIDF , has approved 2.9 billion Saudi riyals ($733 million) in loans to...
Netherlands and Romania to open consulates in Kurdistan region of Iraq
The Dutch and Romanian governments have decided to open consulates in Kurdistan region, according to an official statement. This came...
JP Morgan highlights Lebanon’s resilience to neighboring conflicts
JP Morgan issued a note on Lebanon in which it indicated that the civil strife in neighboring countries does not...
New car sales in Lebanon up by 10.8%
According to data compiled by the Association of Car Importers in Lebanon, the number of newly registered cars stood at...
Jordan in search of further investment
Even though foreign direct investment (FDI) inflows are poised to rise sharply in the second half of 2012, the Jordanian...
Iraqi oil revenues up by $1bn in July
Iraq’s oil revenues jumped by about $1 billion from June to July, according reports from AFP and Aswat al-Iraq. Oil...
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