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Housing to keep Saudi inflation up says report

Housing will keep Saudi Arabia's inflation rising during the first quarter but a stabilisation in food prices will keep it below the 1.5 percent ...
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Gulf companies post $3.5bn losses in Q4

Gulf companies posted losses of more than Dh12.85 billion ($3.5 billion) in the last quarter of 2009, according to a research ...
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Gulfood Exhibition 2010 opens in Dubai

Gulfood 2010 was inaugurated Sunday by Sheikh Hamdan bin Rashid AlMaktoum, Deputy Ruler of Dubai and United Arab Emirates ...
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Qatar: Strict checks on imported goods soon

Counterfeit and low quality products--among them basic food items, cosmetics, detergents, toys and building materials--will not be able to enter
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Debts threaten to engulf Kuwait’s investment industry, bankers warn

Most of Kuwait's multibillion- dollar investment company industry could be wiped out by debt repayments on the finance houses' leveraged ...
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Lebanon records 7 percent growth in 2009

Bank Audi estimated Lebanon’s GDP growth in 2009 at 7 percent which was driven by both improved consumption and investment components ...
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Dubai debt insurance cost soars

The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over ...
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No plans to rejoin currency union: UAE

The United Arab Emirates is  not discussing whether to rejoin the planned Gulf monetary union at this point, the Gulf country's central bank ...
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Saudi gets sovereign upgrade from Moody’s

Rating agency Moody's on Monday upgraded Saudi Arabia to its second-highest level as oil earnings and a recovering economy push ...
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Qatar expects inflation between 2% and 5% this year

Qatari Central Bank Governor Abdullah Bin Saud Al-Thani said he expects inflation to range between 2 percent and 5 percent this year ...
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Bahrain’s GFH posts $607m Q4 loss

Bahrain's Gulf Finance House (GFH) posted on Sunday a $607 million fourth quarter loss as the bank cleaned the legacy of a regional real estate ...
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Dubai pumps $6.2bn into Dubai World

Dubai said it has pumped $6.2bn into Dubai World and that it is prepared to put even more money into the conglomerate whose debt woes ...
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