Iraq re-invites bids for 44,000 tons of steel products
Iraq has reportedly re-invited bidders to supply 44,000 metric tons of steel products, having received no bids when it first...
Business & Economy
Saudi Arabia issues 5 new finance laws
The Saudi Council of Ministers issued a package of five new laws which are expected to dramatically change the finance...
Abu Dhabi GDP soars 29.9% to Dh800b in 2011
Statistics Centre — Abu Dhabi, or Scad, said Abu Dhabi’s gross domestic production, or GDP, at current prices grew by...
Lebanese Transport Ministry to buy 250 buses
Public Works and Transport Minister Ghazi Aridi said his ministry would finalize a tender to buy 250 buses this week...
Kurdish – Dutch business association launched
AKnews reports that a Kurdish-Dutch business association has been established in Amsterdam to enhance economic and financial relations between the...
Iraqi cabinet approves $9.4bn supplementary budget
Iraq’s cabinet has approved a supplementary budget for 2012 of 10.875 trillion Iraqi dinar ($9.35 billion), in addition to the...
$515m investment licenses granted in Baghdad
The Chairman of Baghdad Investment Commission, Shaker al-Zamili (pictured), has announced that five investment licences worth $515...
Sabic and Exxon Mobil to proceed with $3.4 billion elastomers project in Jubail
Saudi Basic Industries Corporation (Sabic) and affiliates of Exxon Mobil announced that they will construct an elastomers facility at the...
Middle Eastern carriers report highest year-on-year growth in passenger traffic
According to the latest statistics issued by the International Air Transport Association (IATA), Middle Eastern carriers reported a year-on-year growth...
GCC petrochemical production capacity hits 116 million tons
Petrochemical firms in the Gulf Cooperation Council (GCC) region increased their total production capacity to more than 115.994 million tons...
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