Oman real GDP grew estimated 8.3 percent in 2012
Rate considerably higher than most economists had predicted; the International Monetary Fund forecast in October pegged Oman's growth at 5 percent in 2012.
January 2, 2013 3:23-
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Dubai telco du signs $100 million financing deal
The financing, and other debt facilities secured recently, would give the firm flexibility to fund future growth of its business, du said in a statement on Dubai's bourse.
January 2, 2013 3:20 -
Qtel buys further $360 million stake in Tunisian telco, Tunisiana
Qatar Telecom (Qtel), the majority state-owned telecommunications operator, has agreed with the Tunisian government to buy a further 15 percent stake in that country's operator Tunisiana for $360 million.
January 2, 2013 3:11
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UAE finally decriminalizes bounced cheques
The United Arab Emirates will stop imprisoning expatriates for writing cheques that bounce, Abu Dhabi daily The National reported on Tuesday, citing a senior official.
January 2, 2013 3:09 -
Saudi to develop Midyan gas field in 2013
Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media.
January 2, 2013 3:06 -
Kuwait Inflation To Keep Falling In 2013
Kuwaiti inflation will slow to 4.3 percent this year and 4.1 percent next year from 4.8 percent in 2011, central bank governor Mohammed al-Hashel predicted on Saturday in comments carried by state news agency KUNA.
December 30, 2012 7:29
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BACK IN THE GAME: Dubai’s Arabtec, Lootah Win Nakheel Villa Contracts
Dubai real estate contractor Arabtec and another firm have been awarded a contract worth over half a billion dirhams ($136 million) to build villas for one of the emirate's flagship developers, Nakheel
December 30, 2012 7:27 -
UAE’s Tabreed To Issue Convertible Bonds In Recap Plan
District cooling firm Tabreed has agreed to issue 1.13 billion dirhams ($308 million) in convertible bonds to Abu Dhabi fund Mubadala on Dec. 31, the firm said on Sunday, as part of a recapitalisation plan agreed last year.
December 30, 2012 7:26 -
Qatari Growth Slows As Energy Sector Sluggish
Qatar's economic growth slowed in the third quarter of the year but was supported by strong expansion of non-oil sectors, data released by the statistics authority showed on Sunday.
December 30, 2012 7:24
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Emiratis told not to go to Lebanon
The Gulf Arab state issued the warning because of "difficult and sensitive political circumstances" in Lebanon.
December 23, 2012 4:50 -
Dubai’s du secures $500 million
Dubai’s Emirates Integrated Telecommunications Co, or du, said on Sunday that it had secured a $500 million, five-year club debt…
December 23, 2012 2:04 -
Omanis hoping for change after vote
Sultan Qaboos remains a popular figure in a country that was mostly undeveloped and faced war in its Dhofar region when he seized power from his father.
December 22, 2012 6:49
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UAE shuts down American research office
The United Arab Emirates has shut down the Abu Dhabi office of the RAND Corporation, the American policy research institute, in the…
December 20, 2012 4:57 -
Abu Dhabi gets on social welfare housing
Abu Dhabi has boosted welfare spending for its citizens over the last couple of years, partly to avert any social discontent during Arab Spring uprisings elsewhere in the Middle East.
December 20, 2012 12:17 -
Riyadh expats struggle with housing
"Help! I can't find anywhere to live. All the housing managers just tell me their waiting lists are months and months long," posted a British man seeking a home for his family.
December 20, 2012 9:42
