February 3, 2014
This is good news for a nation that is struggling to reduce ballooning current account deficit.
February 2, 2014
Managers of the $60 billion fund were apparently confused about what they were investing in due to their “extremely limited in-house financial expertise,” and were exploited by “Goldman’s considerable financial experience,” it added.
Al-Humaidhi expressed optimism about the Egyptian economy's recovery, and stressed Kuwait's availability to help.
Following the implementation of a nuclear deal between the Islamic Republic and the six world powers, Tehran has received the first installment of its $4.2-billion funds previously blocked overseas.
OPEC's oil output has risen since its December low due to a partial recovery in Libya's oil supply.
As Gulf populations age, the region is becoming more concerned with the lack of skill development within its healthcare sector.
Oman’s efforts aimed at building trade infrastructure and diversifying its economy will help the country become a major player in global trade.
More and more tourists are flocking to Abu Dhabi for leisure rather than business tourism, according to Emirates News Agency.
Crude exports from Iraq declined in January to an average of 2.228 million barrels per day (bpd) but should rise next month, Oil Minister Abdul Kareem Luaibi said.
“At this point, the UAE’s shipbuilding growth appears really unstoppable.
January 31, 2014
The Leader made the remarks during a meeting with Turkish Prime Minister Recep Tayyip Erdogan in Tehran.
January 30, 2014
The combined oil reserves of Iraq and Iran are greater than that of Saudi Arabia - the world’s second largest producer of crude after Russia.
Norway’s huge sovereign wealth fund blacklisted two Israeli companies involved in construction of colonies in occupied East Jerusalem.
Arabian Oud company is spreading Middle Eastern sweet scents to international audiences with its latest bid to strengthen its UK presence.
Saudi Arabia gave Egypt's central bank $2 billion in aid, and plans to give Cairo $2 billion more by September this year.