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Qatar, UAE wealthiest Arab states

Qatar and the UAE were the wealthiest Arab countries in 2008 while Mauritania and Yemen maintained their position as the poorest in the region ...
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S. Korea, UAE, sign nuclear reactors deal

The United Arab Emirates picked a South Korean-led consortium for a $20 billion contract to build and help run four nuclear power reactors ...
World

Saudi banks profits fall 12.6% in Oct-Nov

Saudi banks made a profit of SR3.94bn ($1.05bn) between October and November.(Getty Images)Profits generated by Saudi commercial banks ...
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Gulf nations set to keep large spending packages in 2010

The global financial crisis slashed income for top Arab economies -- Saudi Arabia and the UAE -- making them drain reserves as they ...
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Kingdom of Bahrain ‘A/A-1’ Sovereign Ratings Affirmed; Outlook Stable

Standard & Poor's Ratings Services said it had affirmed its 'A' long-term and 'A-1' short-term sovereign credit ratings on the Kingdom of Bahrain ...
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Kuwait’s eight-month budget surplus hits $22bn

Opec member Kuwait logged a budget surplus of KD6.32 billion ($21.99 billion) in the first eight months of its 2009/10 fiscal year on higher ...
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45 firms express interest in Jordan Red Sea Project

Forty-five firms and entities have shown interest in serving as the master developer of the multimillion-dollar Jordan Red Sea Project (JRSP), projected ...
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Dubai World to make formal standstill request

Bankers expect Dubai World to make a formal request for a standstill on its $26 billion debt at Monday's creditor meeting, but it could be more ...
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Qatar acquires 17 percent stake in Volkswagen and Porsche

Qatar has a 17 percent voting stake in Volkswagen and Porsche said on Friday the state is set to take a seat on its supervisory board ...
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Bahrain ranks second among Arab Countries in E-Government Services

Bahrain E-Government ranks second in the Arab world, 8th in Asia and 42nd at the international level in terms of preparedness and integration ...
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Telecom Egypt to seek mobile service

Egypt's fixed-line monopoly Telecom Egypt will need to provide mobile services to compensate for declining landline subscriptions, a company ...
World

Region’s best trade finance providers named

Arab Bank has been named the 'Best Trade Finance Provider' in the Middle East, by Global Finance magazine in an exclusive survey to be published ...
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