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Saudi wheat importer in no rush to buy

The Saudi grains authority said on Sunday world wheat prices are expected to retreat further but not to the lows seen earlier in 2010 and
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Bahrain causeway to handle 100m passengers

Bahrain's King Fahad Causeway, that connects the Kingdom to Saudi Arabia, could soon be handling 100 million passengers a year as per
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Bahrain to build Jubail-style industrial city

Bahrain is planning a new industrial city similar to Saudi Arabia’s Jubail Industrial Zone, said a senior government official
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EDC launches finance scheme for SMEs

The Dubai Export Development Corporation (EDC), an agency of Dubai’s Department of Economic Development, has launched its new
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Oman revenues up 31pc on oil price rise

Higher output and a jump in oil prices lifted Oman's revenues by 31 percent in the first half of the year to 4.22 billion Oman rials
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Jordan Phosphate H1 profit plunges 48pc

Lower prices cut first-half net profits at Jordan Phosphate Mines Company (JMPC), one of the world's largest phosphate suppliers
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Saudi forum ‘to discuss power, water strategies’

The upcoming Saudi Water and Power Forum (SWPF) will play a key role in uniting Saudi and global stakeholders to discuss
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UAE economy seen as worst GCC performer in 2010

The UAE's economy is forecast to weigh on GDP growth in the GCC this year and next, according to latest figures published by Bank
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GCC bank lending to SMEs just 2% of total loans

Bank lending to small and medium sized enterprises (SMEs) in the GCC accounts for just two percent of the total loans, research
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Sukuk lose shine for traditional Gulf issuers

The lure of Islamic bonds appears to be wearing off for conventional borrowers in the Gulf, even as the global industry grows, with high-profile
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Dubai house prices slip 4% in Q2

House prices in Dubai fell by four percent in the second quarter, according to the latest data from real estate consultancy
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Jordan’s Arab Bank sees H1 profits decline 11.7%

Jordan's Arab Bank Group, the country's largest lender, saw its first-half net profits fall 11.7 percent to $303.261 million compared
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