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| Economy |
| Saudi outlook remains optimistic, says IMF |
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Saudi Arabia’s economic outlook remains broadly positive as it was well prepared in confronting the global crisis, reflecting lessons learned from the mid-1980s when oil prices collapsed and ...
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| Syrian government approves five-year $385bn development plan |
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The Saudi Council of Ministers approved its Ninth Development Plan (NDP) that carries an estimated cost of SAR1,444.6bn, or $385.3bn, over the 2010-14 period.
The NDP aims to enhance citizens’ ...
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| Saudi Arabia earned $116b from oil production in seven months |
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Saudi Arabia earned $116 billion from oil production in the first seven months of 2010, according to the Energy Information Administration (EIA) of the US Department of Energy.
The Kingdom, ...
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| Trade and construction account for 46% of overall lending at end-June in Jordan |
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Figures released by the Central Bank of Jordan indicate that credit facilities extended by commercial banks operating in Jordan totaled JD13.9bn at the end of June 2010, constituting an increase ...
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| IMF raises projections for Lebanese economic growth |
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The Lebanese property sector is “in a league of its own” and remains exceptionally resilient to property bubbles that often plague countries with comparable booms, an economic report published ...
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| Kingdom to spend SR1.44 trillion in 9th Plan |
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The Council of Ministers endorsed the Ninth Five-Year Development Plan (2010-14), which has allocated SR1.44 trillion ($385 billion) for various infrastructure and welfare projects.
The ...
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| Qatar: A new labor force |
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Qatar’s economy may be in the midst of expansion, with oil and gas income nearing an all-time high and GDP tipped to expand by up to 19%, but the country’s planners are looking to a far-off ...
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