Iraq negotiating with Nissan Motors for establishing a complete factory
The Iraqi Automobile Company's director general disclosed that negotiations are underway with the Japanese company Nissan to sign a partnership...
Business & Economy
Saudi revenue seen at $295 billion a year till 2016
Saudi Arabia will collect $295 billion a year in government revenue from 2012 to 2016 amid high oil prices, Samba...
Bank Audi sells stake in LIA to Morocco based Saham
Bank Audi finalized its sale of a majority stake in its LIA unit for $46 million to Morocco based Saham...
Slowdown in global markets to marginally impact GCC countries
Barclays issued its quarterly report on emerging countries in which it indicated that the slowdown in global growth and financial...
Qatar to emerge key player in global merger and acquisition (M&A) deals
There is a pent up demand for business in the merger and acquisition (M&A) in the GCC. The activity is...
Qatar Telecom planning $1.9 billion bid for remainder of Kuwait’s Wataniya Teleco
Qatar Telecom (Qtel) has confirmed that it is making an offer to buy out the remaining shareholders in its Wataniya...
Opportunities for Investment in Iraq’s refining capacity
Delegates to CWC‘s Iraq Petroleum 2012 conference in London last week received an update on the country’s refining capacity and...
IPIC and OOC to build a refinery and petrochemicals complex in Oman
Oman Oil Company (OOC) and International Petroleum Investment Company (IPIC) announced the formation of a 50-50 joint venture company to...
High oil income raises Saudi automotive sector hopes
The National Commercial Bank (NCB) report titled "Automotive Sector to Resume Expansion in the Medium Term" discusses the shifting trends...
Abu Dhabi’s public expenditures at an all-time high
According to the International Monetary Fund, (IMF), Abu Dhabi’s public expenditures reached an all time high of US$ 85.7 billion...
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