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Saudi regulator approves six IPOs

Saudi Arabia's stock market regulator said on Sunday it had approved six initial public offerings (IPOs) for the period until October, the first of which will be for Saudi Steel Pipes (SSP) in June. ...

Kuwait sees slight rise in realty sales

Value of real estate sales in Kuwait increased slightly in April with the number of transactions rising eight per cent from March, according to a new report ...

Egypt orders re-export of Russian wheat

Egypt ordered a quarantined Russian wheat shipment re-exported from Egypt on Sunday and told the importer to repay $9.6 million to the main government wheat buyer, a prosecution statement said. ...

Moody’s: UAE pullout from GCC currency union plan has no direct effect on its ratings

Moody's Investors Service announced today that the recent decision of the UAE not to participate in the Gulf Cooperation Council's (GCC's) proposed monetary union will not directly affect the country's sovereign ratings ...

Iran, Iraq, Turkey, Syria to link their power networks

Iran, Iraq and Turkey in Baghdad on Thursday evening signed an agreement for power and energy cooperation and linking their power networks ...

Qatari Diar acquires French tech firm Cegelec

Qatari Diar Real Estate Investment Company, wholly owned by the Qatar Investment Authority (QIA), has acquired the French technology services provider ...

Oman’s economy has grown by two percent

Oman’s economy has grown by two percent in real terms so far this year and if oil prices remain above $60 a barrel, the non-Opec oil producer’s projected ...

Lebanon to Start Receiving Gas From Egypt in August

Lebanon will become the first country to receive gas from the Arab Gas Pipeline when 30 million cubic feet a day of the fuel flow through it starting in August ...

Egypt wants to double trade with US

Egypt wants to double trade with the United States in the next four years but is not discussing a free-trade agreement, the Egyptian trade minister said on ...

Gulf Finance House declares net loss

Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank today announced its first quarter results of 2009. The results come against the backdrop of a serious and continued downturn in the global economy ...

Saudi Arabia needs 1 million homes by 2014

1 million homes will be needed in Saudi Arabia over the next 5 years as real estate development and property investment takes off in the Kingdom. ...

Qatar to lead IT sector in region

With the very encouraging reports from various think-tanks and Qatar at the helm of development in different sectors, the country’s Information Technology ...
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