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...
Business & Economy
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...
Iraq's economy shows signs of growth
Businessman Issam al-Assadi reclines in a chair in his spacious villa with sweeping views of the Tigris River, as a...
Qatar plans to invest $130bn in non-oil sectors
Qatar plans to invest about $130 billion in its non-hydrocarbon sector in 2012-2018, the General Secretariat for Development Planning (GSDP)...
GCC petrochemical sector strengthening its position globally
The petrochemical sector in the GCC continues to strengthen its position globally with increased production and regional players are also...
The resource of credible, industry-specific updates