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Saudi oil minister says market ‘balanced’ at $100 oil

The global oil market looks balanced, Saudi oil minister Ali al-Naimi indicated on Sunday, while the head of the International Energy
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Dubai real estate sales down 70% from peak

Dubai saw less than 1,700 real estate deals in the first ten months of the year, government data shows, a 70 percent decline
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Arab project finance goes local on Europe debt woes

Arab governments and companies are relying more on domestic banks, export credit agencies and bond investors to finance projects 
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Abu Dhabi’s vision dims amid Dubai-like property slump

Abu Dhabi, the emirate that bailed out Dubai in 2009, set out to avoid the pitfalls suffered by its Gulf neighbour with a decades-long plan
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Jeddah rents rise 14% so far in 2011, says JLL

Residential rents in Jeddah have increased by an average of 14 percent so far this year, real estate consultants Jones Lang LaSalle
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Gold too speculative to buy, says Saudi c.bank chief

Saudi Arabia's central bank is not interested in buying distressed or speculative assets such as troubled European debt and gold and
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Telecom Egypt Q3 hurt by post-revolution downturn

 The economic slowdown triggered by this year's popular uprising in Egypt tipped land-lines monopoly Telecom Egypt into a worse
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Saudi Arabia to become world’s largest crude oil producer

Saudi Arabia will overtake Russia as the world’s largest crude oil producer by 2015, as output from new Russian fields fails to offset increasing 
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UAE cbank sees slowdown from global impact

The United Arab Emirates will see a slowdown in business because of global economic conditions, the country's Central Bank Governor
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Saudi business activity rebounds

Growth in business activity in Saudi Arabia's non-oil private sector rebounded slightly in October from a series low in the previous 
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Iraq hopes to achieve 9pc growth in 2012

Iraq's gross domestic product growth should rise to 9 percent in 2012 from around 6 percent currently, mainly driven by an expected increase
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Moody’s downgrades Egypt ratings

Moody's Investors Service has downgraded Egypt's government bond ratings by one notch to B1 from Ba3 with a negative
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