Iraq holds 4th postwar oil and gas auction
A Kuwaiti-led energy consortium won the right to search for oil and gas in southern Iraq as part of the...
Business & Economy
GCC aluminum sector investments reach $22 billion
According to a recent study released by the Doha-based Gulf Organization for Industrial Consulting (GOIC) estimated the investments of five...
S&P maintains Kuwait credit ratings at AA
Standard & Poor’s Ratings Services said it has maintained sovereign credit ratings for Kuwait at AA on strong financial resources...
Microsoft appoints first official Iraq distributor
Microsoft Corp. says it has appointed a local company to distribute its products in Iraq in what it says is...
Lukoil to bring Asian partners to Iraq
Russia’s No.2 oil producer Lukoil is enjoying higher 1Q earnings and seeking partnership with Asian oil firms to participate in...
Dubai economy grows by 3.4 pct in 2011
Dubai’s economy expanded by 3.4 percent in 2011, helped by strong trade flows and rising tourist numbers, Arif Obaid al-Muhairi,...
Jordan annual pharmaceutical exports worth $650 million
The Kingdom’s annual pharmaceutical exports amount to $650 million, Jordan Food and Drug Administration (JFDA) Director General Hayel Obeidat said....
Saudi Telecom implements 4G services in 38 cities across Kingdom
Saudi Telecom Co. (STC) has upgraded the coverage of 1,500 locations with the latest 4G LTE services that serves 38...
Ma'aden signs $1.5b aluminum refinery contract
Saudi Arabian Mining Company has awarded a $1.5 billion contract to South Korea's Hyundai Engineering & Construction Co. to build...
Saudi per capita income may hit SR116,900
Experts have predicted that Saudi per capita income in the gross domestic product (GDP) will climb to SR 116,900 but,...
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