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Kuwait money supply surges to KD256b in February

Kuwait’s broad measure of money supply (M2) surged by KWD 511 million during February 2010 to reach an all time high of KWD 25.6 billion ...
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Bahrain’s 2010 IT market worth around USD 366 million

Latest research by Misys estimates the total size of Bahrain's Information Technology (IT) market to be around USD 366 million, ...
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Dubai property sale price ranges ‘relatively stable’

Sales price ranges have remained relatively stable for apartments, villas and commercial property in Dubai, but potential buyers ...
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Saudi Arabia to need 5.5 million homes by 2014

Saudi Arabia will need an approximate one million new homes over the next five years to keep up with an estimated 3.3 per cent compounded ...
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25,000 firms employed 760,000 in Qatar

Some 25,000 companies were operating in Qatar in 2008 employing about 760,000 people and only 3.6 percent of the employees ...
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Oman gets high global ranking for embracing IT

Oman has been placed 50th among 133 countries in the Global IT Report 2009-2010 just released by the World Economic Forum (WEF) ...
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Kuwait not out of crisis yet, companies must declare bankruptcy

The Chairman of Network Holding Company (NHC), Nayef AlـEnizi has disclosed to Al Watan that he supports the declaration ...
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Bahrain economy ‘strong and stable’

Bahrain's economy is maintaining strength and stability despite regional and global challenges, it was revealed. The level of loans and ...
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Dubai World to offer shortfall guarantee in debt proposal

Dubai World, the state-owned holding company seeking to restructure $14.2 billion of debt, offered creditors a so-called shortfall ...
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Saudi Stock Market opens to foreigners

Saudi Arabia’s stock exchange opened its doors to foreign investors on Sunday as a leading investment firm announced that foreign ...
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Oman Central Bank raises capital adequacy ratio

Omani Central Bank Governor Hamoud Al Zadjali said the bank raised the capital adequacy ratio to 12 per cent from 10 per cent effective ...
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Kuwait posts huge $28.9 bln budget surplus

Kuwait posted a preliminary budget surplus of $28.9 billion in the first 11 months of the fiscal year despite projecting a deficit, the finance ...
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