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Budget problems continue to hit Egypt

Egypt’s Minister of Finance Youssef Boutros Ghali said that there have been rising interest payments on public debt within the past 10 months ...
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Oman inflation increases to 3.1%

Inflation in Oman hit 3.1 percent in April, up from 2.6 percent in the previous month, the latest statistics released by the National ...
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Gulf property likely to worsen on supply, Moody’s says

Gulf real-estate markets will probably worsen in the coming months as a “vast” supply of properties becomes available and lending ...
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Qatar inks five contracts to establish projects worth USD 585 mln

Qatari Public Works Authority signed on Sunday five contracts with five companies aiming at implementing major projects in ...
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More investments open to GCC nationals

The list of investment activities that nationals of the Gulf Co-operation Council member states are not allowed to carry out, known ...
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KD 26.2 bln deposits to go to stocks

Kuwaiti bank deposits spiraled by two percent to KD 26.2 billion in late 2009, a large part of which is likely to go to the stock market ...
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Germany is UAE’s 5th largest trade partner

The Ministry of Foreign Trade has issued an analytical study on the nature of investment and trade relations between the United Arab Emirates ...
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Egypt targets 21 new investment free zones

Egyptian Minister of Investment Mahmoud Mohieddin said Sunday his government plans to launch 21 new investment free zones in the coming period ...
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GCC set for 4.4% rebound in 2010

Growth in the GCC is projected by the World Bank at 4.4 percent in 2010, a performance it calls "a remarkable comeback". ...
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UAE’s biggest banks set for 18% profit rise in 2010

The UAE’s eight biggest banks may report an 18 percent rise in profit in 2010 and earnings may increase further if provisions from Dubai ...
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Saudi Arabia cuts reliance on foreigners

In a renewed move to cut dependence on foreign workers, Saudi Arabia and the other Gulf states are planning to reduce the number ...
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USD 52 million worth of deals made during Brasil Trade Middle East 2010

The inaugural edition of Brasil Trade Middle East, the multi-industry trade event organized by the Brazilian Trade and Investment ...
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