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...
Business & Economy
$515m investment licenses granted in Baghdad
The Chairman of Baghdad Investment Commission, Shaker al-Zamili (pictured), has announced that five investment licences worth $515...
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...
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%...
GCC fertilizers products expected to reach 32 million tons by 2016
Total production of GCC fertilizers products is expected to reach nearly 32 million tons by 2016, compared to 21 million...
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...
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...
GS Engineering and Construction wins $1.8 billion Saudi deal
South Korea's GS Engineering and Construction announced that it has won a US$ 1.8 billion deal to build four petrochemical...
The UAE to admit new telecom operators after 2015
The UAE could admit new operators apart from Etisalat and du in the country’s telecommunications sector, in line with an...
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