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Monday, November 17, 2014
Government revenues in Kuwait dropped 4.4 percent in the first half of the fiscal year due to sliding oil prices, but the energy-rich emirate still reported a healthy provisional surplus.
Thursday, November 13, 2014
Largest US business delegation in history visits Egypt
Representatives from over 60 U.S. companies wrapped up Tuesday a two-day visit to Egypt described as the largest such delegation in history that aimed to explore potential businesses to boost the country's ailing economy.
Friday, November 7, 2014
The United Arab Emirates economy, the Arab world's second largest, is recovering at pace from the global financial crisis but remains threatened by low oil prices, the IMF said Wednesday.
Thursday, November 6, 2014
Arab states in the Gulf, which pump a fifth of the world's crude oil, spend more than US$160 billion on energy subsidies annually, a top World Bank official said Tuesday.
Tuesday, November 4, 2014
A share offer by Saudi Arabia's National Commercial Bank (NCB) was 16 times oversubscribed late Sunday, in what one financial analyst called "the mother of all IPOs."
Wednesday, October 29, 2014
Syria's 3.5-year conflict roiling the economy
The middle-aged salesman sat glumly among an array of shorts, khaki leisure suits bedecked with gold belts and dresses with plunging necklines in the ancient Damascus bazaar -- luxuries few can afford in today's Syria.
Saturday, October 25, 2014
The Islamic State (IS) has fast become one of the world's wealthiest terror groups, generating tens of millions of dollars a month from black market oil sales, ransoms and extortion, officials said Thursday.
Monday, October 20, 2014
Iran says number of foreign tourists surges
The number of foreigners visiting Iran jumped dramatically over the 12-month period ending in March, with 35 percent more tourists compared to the same period a year earlier, Iran's top tourism official said Saturday.
Friday, October 17, 2014
Oil-rich Kuwait tripled the prices of diesel and kerosene on Wednesday, ending decades of heavy subsidies, while putting off a similar decision on electricity and water charges.
Friday, October 3, 2014
National Bank of Kuwait, the Gulf state's largest lender, said Thursday it has agreed to sell its 30 percent stake in International Bank of Qatar (IBQ) for US$538 million.
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