August 28, 2012
Kuwait posted a record budget surplus of KD13.2 billion ($47 billion) in the fiscal year that ended March 31 as oil prices and output rose.
Sahl Hasheesh, a popular Egyptian tourist destination, will host first round of the Hurghada Asian Film Festival with the participation of 35 countries in October.
August 27, 2012
The government is facing a dilemma on meeting budget requirements given the lack of parliament sessions, while an ordinance to approve a new budget cannot be passed before the 2009 parliament is dissolved.
August 26, 2012
Among the Gulf Cooperation Council (GCC) economies, Saudi Arabia can be seen as the most aggressive with respect to investments in the power sector, according to a study by Kuwait Financial Centre (Markaz).
August 23, 2012
Kuwait’s Wataniya rose to a two-month high yesterday after Qatar Telecom offered to buy remaining stake in the telco for $2.2 billion, while Gulf markets were mixed in muted trade post the holy month of Ramadan.
August 21, 2012
Since Egypt's January 2011 uprising, the country has suffered from heavy falls in foreign direct investment (FDI), international foreign reserves (IFR) and tourism revenues.
August 14, 2012
There are plenty of concerts happening around town to celebrate Eid Al Fitr. Showbiz Arabia rounds up who’s performing where
August 13, 2012
Our panel of Arab and Middle East Olympic medal achievements from London 2012. See which Arab athlete defied the odds, broke records or fell short in his game.
August 6, 2012
Giovanni Cernogoraz of Croatia won the Olympic gold medal Monday in men's trap shooting.
The stock markets in the Gulf Cooperation Council (GCC) rose in July, gaining 0.41 per cent after a decrease of 2.91 per cent in June, according to Kuwait Financial Centre's (Markaz) latest update on regional markets.
August 2, 2012
A proposal to turn the Gulf Cooperation Council (GCC) into a Gulf union will be reviewed by the alliance foreign ministers in September.
July 31, 2012
Dubai real estate developer Emaar Properties rallied to its highest level since April 2011 yesterday, lifted by forecast-beating second-quarter earnings, but trading across the rest of the Gulf region was more mixed.
July 26, 2012
Dubai Gulf Arab markets dipped into negative territory on low volumes yesterday as investors, focussed on the Muslim holy month of Ramadan and avoiding the region's searing summer heat.
July 25, 2012
Projects are already underway for a customs union and perhaps even a single currency.
July 24, 2012
Saudi Arabia, the biggest Arab economy, is leading moves towards political and economic cooperation Projects already underway or under study include a customs union, a joint value-added tax and even the introduction of single currency.