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Kuwait set to register huge budget surplus

Opec member Kuwait was forecast to post its largest revenues and budget surplus this current fiscal year on the back of high oil prices and production, a local economic 

Egypt to sign $3.2bn IMF loan next month

Egypt expects to sign a $3.2 billion loan agreement with the International Monetary Fund (IMF) next month and will receive one-third of the funds immediately

Bahrain finance system strong say bankers

Bahrain's financial system remains resilient, liquid and strong despite the recent unrest, leading bankers said as they expressed relief that the February 14 anniversary

Arab buyers seek safe haven in luxury London property

Middle Eastern investors in London’s property market increased four percent in 2011 as wealthy buyers looked for a safe haven amid regional political unrest and 

Arab Spring ‘will reach every Arab state’ – Prince Alwaleed

Saudi Arabia’s Prince Alwaleed has warned that the Arab spring “will eventually reach every

Saudi fast food market to hit $4.5bn by 2015

Saudi Arabia’s fast food market is expected reach a value of $4.5bn in the next three years, driven by high demand among young, affluent citizens, according

Gulf International Bank sees 4% 2011 profit lift

Bahrain’s Gulf International Bank (GIB) has recorded a net income after tax of $104.5m for last year, a 4 percent rise on 2010 revenues of $100.4m.

Qatar sees 50% surge in Gulf visitors in 2011

Around 845,630 visitors from the Gulf visited Qatar in 2011, according to data from the Qatar Tourism Authority (QTA).

UAE, Oman set for new shopping mall openings

Two new shopping centres are set to open in the Gulf region in the next few weeks, developers said on Sunday.

Saudi GDP growth ‘may fall to 3.8pc’

Saudi Arabia's economic growth is likely to fall to 3.8 per cent in 2012 from 5 per cent forecast earlier mainly due to expected drop in oil production, according

Apicorp seals $667m Islamic finance deal

Arab Petroleum Investments Corporation (Apicorp) said it has successfully closed a three-year SR2.5 billion ($667 million) syndicated Shari’ah-compliant

UAE construction costs to fall says report

The construction costs in the UAE will fall by about 1.3 per cent in 2012 due to the unexpected slowdown in the country’s projects market last year, according
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