Lebanon investing in industry
The industrial sector is laboring to overcome a series of hurdles that are limiting its ability to expand domestically and...
Business & Economy
Saudi economy grew 7.1% in 2011 on high oil prices – IMF
Saudi Arabia's economy grew 7.1 percent last year, while its non-oil sector accelerated 8 percent, the highest since 1981, the...
Japan and Iraq agree to expand business partnership
Japan and Iraq convened their first economic meeting, hailing a new investment accord as a key step in strengthening bilateral...
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...
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,...
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...
The resource of credible, industry-specific updates