More than half of GCC population under age 25
The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people...
Business & Economy
Middle East economies to outpace rest of world
The move comes despite a backdrop of deteriorating global prospects, the multilateral lender said. It expects the regional economy to...
Saudi Arabia's cellular market most competitive in Arab world
Saudi Arabia retained its status as the most competitive Arab cellular market with a 74.56 percent mark, the 2012 Cellular...
Saudi Arabia 3rd richest in natural resources in the world
Saudi Arabia ranks third globally among the 10 countries with the most plentiful and valuable natural resources, according to a...
Saudi mortgage law to spur Islamic finance
Saudi Arabia's approval of a landmark mortgage law this week after a delay of more than three years will give...
Saudi Arabia's steel industry to firm up 9% during 2012-15
Saudi Arabia has become one of the favorite destinations for the steel majors due to thriving construction sector, and soaring...
UAE Central Bank tells lenders to hold 10% of liabilities in liquid assets
The United Arab Emirates central bank is preparing local lenders for new Basel III banking supervision standards by requiring them...
GCC to raise global share of aluminum output to 15%
The Gulf Cooperation Council (GCC) will boost their share of global aluminum output to 15 percent by the end of...
Qatar buys Valentino fashion house
Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5m), the latest...
Qatar’s real GDP rises by 6.9% year-on-year in the first quarter of 2012
According to the Qatar Statistics Authority, the State’s real GDP rose by 6.9% annually to reach US$ 22.7 billion in...
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