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GCC to see ‘cautious growth’ in 2010 – Emirates NBD

Emirates NBD's chief economist said on Monday that the GCC would see cautious rather than runaway growth in 2010. GCC economies ...
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Key ICT summit in Bahrain

Specialists from all over the world are taking part in the third Middle East and North Africa Information Technology Conference ...
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Kuwait agrees plan to privatize national airline

Kuwait's cabinet has "tentatively" agreed terms to privatise its national airline, Kuwait Airways Corporation, with legal procedures ...
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Oman to invest more than $6 bln on power generation

Oman plans to spend more than $6 billion by 2016 on strengthening its capacity to generate electricity, including building a new plant ...
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Estate Qatar 2010: Qatar property investment forum

The Ministry of Business & Trade and World Trade Center Qatar announced that the 3rd edition of “Estate Qatar 2010: Qatar Property ...
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Saudi to hold rates, keep spending to boost economy

Saudi Arabia, the Arab world’s largest economy, is in no rush to raise interest rates and will keep plowing its oil revenue into kick-starting growth ...
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Abu Dhabi’s Dubai aid shrinks to $5 bln

Analysts said news that Abu Dhabi had directly lent less than previously thought also indicated the wealthy emirate wanted more evidence ...
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Saudi’s Maaden posts 183% rise in Q4 net profit

Maaden's profits were boosted by a cash injection from Alcoa. (Getty Images)Saudi Arabian Mining Co (Maaden) posted a 183 percent rise ...
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Qatar Islamic Bank sees Q4 profit fall 23%

Qatar Islamic Bank, the Gulf state's second largest lender by market value, saw fourth-quarter net profit drop 23 percent on Monday, falling ...
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Kuwait’s NBK plans capital hike to fund expansion

The country's biggest lender said it planned to raise its capital by 10 percent through a rights issue by the end of the year to fund expansion ...
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Bahrain to launch new oil company

Tatweer Development Company (Tatweer Petroleum), a joint venture between Bahrain, UAE and US firms, will be launched in Bahrain ...
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Saudi businesses upbeat, UAE confidence dips

Saudi Arabia's business community remains the most confident in the region with an index score of 91.6, while the UAE business confidence ...
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