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...
Business & Economy
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...
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...
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...
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...
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...
UAE 3rd most competitive economy in Middle East
The UAE ranks as the third most competitive economy in the region after Qatar and Saudi Arabia, according to the...
Investments in Jordan to surpass USD2b in 2012
Jordan Investment Board's (JIB) acting CEO, Awni Rushoud, stated that investment inflow to the country for the current year is...
Jordanian projects draw Korean firms
Investments from Korea will be a 'big' boost for capital inflows into the Kingdom, according to Jordan Investment Board (JIB)...
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