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Saudi inflation ‘not worrying’, says cenbank chief

Saudi Arabia's inflation levels are not worrying and will continue to decline, the country's central bank governor Muhammad Al-Jasser said on Saturday.
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Tim Hortons to open 120 GCC stores by 2016

Tim Hortons, Canada’s largest restaurant chain, plans to open 120 stores in the GCC within the next five years, the CEO of its local franchise partner,
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Egypt may be forced to seek IMF loan it rejected

Egypt, grappling with the highest borrowing costs since 2008, may be forced to ask the International Monetary Fund for the $3bn loan
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Arab unrest triggers 32pc fall in UAE’s Q1 trade

UAE's trade with the five countries affected by the Arab Spring has dropped by 32 per cent in the first quarter of the year as against the same
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Islamic funds ‘to see zero to negative growth’

Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre
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Optimism back in Dubai real estate: report

Dubai is seeing a strong interest from buyers of good quality, well positioned and well designed properties, according to a report
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Egypt government aims to rely less on local banks

Egypt is looking at ways to reduce its dependence on borrowing from local banks because it is a burden on the economy
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Qatar’s economy grew nearly 42% in Q2 on gas boom

Qatar's economy grew 41.8 percent from a year earlier at current prices in the second quarter of this year on the back of increased 
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Saudi Arabia will pay unemployment benefit from November

Saudi Arabia, which had a 10.8 percent unemployment rate in July, will begin to pay unemployment benefits for the first time from November,
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Qatar now world’s richest nation, says IMF

Qatar surpassed Luxembourg as the world’s richest nation in 2010 and is set to pull away with wealth that’s almost twice that of the 
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Oman ranks as one of top 30 countries for economic freedom

Oman is ranked as one of the world's top 30 counties for economic freedom, according to the 2011 Economic Freedom of the 
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UAE economy set to grow 3-3.5% says econ min

UAE economy set to grow 3-3.5% says econ min The UAE economy will likely see growth of between 3 to 3.5 percent this year,
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