Six factories inaugurated in Dammam Industrial City
A group of factories in Dammam 2nd Industrial City was recently inaugurated by Dr. Tawfeeq Al-Rabea, Minister of Commerce and...
Business & Economy
Trade and construction in Jordan account for 44% of overall lending
Figures released by the Central Bank of Jordan indicate that credit facilities extended by commercial banks operating in Jordan totaled...
Lebanon enjoys solid economic performance, says Prime Minister Najib Mikati
Prime Minister Najib Mikati said Lebanon’s real GDP growth exceeded 5 percent in 2011 and is continuing to increase in...
Saudi construction deals up
The value of awarded construction contracts in Saudi Arabia increased to more than SR52 billon in the first quarter of...
GCC economies to benefit from rising oil prices in coming years
Standard & Poor’s considered that the economic prospects of oil-exporting economies in the Gulf Cooperation Council (GCC) look healthier over...
High oil earnings to boost Kuwaut's spending
The outlook for Kuwait’s banking system over the next 12 to 18 months remains stable, according to a recent report...
Arab world population to double by 2050, report
The urban population of the Arab States, which already quadrupled between 1970 and 2010, will more than double by 2050,...
Petchem projects dominate Saudi Arabia's industrialization drive
Saudi Arabia’s project market is buoyant with a string of petrochemicals and minerals projects being rolled out. The authorities are...
Qatar may end expat sponsorship system
Expats in Qatar have welcomed government plans to scrap the country’s “sponsorship” system for overseas workers. Qatar’s thousands of foreign...
Risk factor in holding Dubai debt receding
Interest in Dubai’s bond market is undergoing a revival, with enthusiasm tracking the steady rebound of the emirate’s economy. There...
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