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%...
Business & Economy
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...
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...
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...
New Saudi law expected to boost the mortgage market
The Saudi Council of Ministers, chaired by Custodian of the Two Holy Mosques King Abdullah, approved the much-awaited mortgage law,...
New car sales in Lebanon up by a yearly 14.3% in the first five months of 2012
According to data compiled by the Association of Car Importers in Lebanon, the number of newly registered cars stood at...
Oman to sustain economic growth
Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put...
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...
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...
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