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...
Business & Economy
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...
GCC banks’ recovery to continue
Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from euro zone turmoil for the...
BoFA Merrill Lynch foresees a robust 2012 growth for GCC countries
According to Bank of America Merrill Lynch, GCC countries are set to report a robust real GDP growth of 4.3%...
Saudi Mortgage law opens Kingdom to home lending surge
Saudi Arabia’s mortgage law, approved two days ago after more than a decade of debate, will encourage banks to expand...
Mobile penetration in the Middle East hits 96% in the first quarter of 2012
Mobile subscriptions in the Middle East grew at a rate of 69,230 new connections per day in the first quarter...
The resource of credible, industry-specific updates