| Ford sees 38% increase in ME sales
US second largest automaker Ford Motor Company reported a 38 percent rise in Middle East sales during the first half of 2012 from ... Dubai's inflation drops 1.5% in H1
A decline in costs of housing, water electricity, gas and fuel has helped to bring down the cost of living in ... Algeria increases 2012-2016 oil investments to USD80b
Algeria's state oil firm Sonatrach unveiled plans to increase oil investments to USD80 billion over the next four years, Reuters ... Dubai's Tamweel reports USD5.1m profit in Q2
Dubai-based Tamweel reported 33 percent decline in quarterly profits over weaker revenue and higher costs, Reuters ... Turkey on verge of becoming major power
Turkey is likely to overtake Britain as Europe's third-biggest electricity consumer within a decade and become an ... Saudization of taxi sector faces many hurdles
The Labor Ministry's new plan to intensify Saudization in the limousine sector will not work well, according to ... Iran may issue USD12.2b oil bond
Managing Director of the National Iranian Oil Company Ahmad Qalebani said that the state-owned company has been authorized ... Saudi- SAPTCO bus overturns, five killed
Five passengers died and 34 were injured when a bus overturned on Hail road in Hanakiya yesterday morning. The ... Saudi- Pannesma, Raytheon ink deal to form JV
Pannesma Company Ltd. and Raytheon have signed an agreement at Farnborough in the UK to establish a joint venture ... Kuwait- KAC faces suit
Several passengers of the Kuwait Airways flight, which had to land in Al-Madina Al-Mounawara City last week when the ... Euro zone in 'very dangerous situation'
The euro zone is in its most dangerous situation in more than two years, Finnish Prime Minister Jyrki Katainen said ... Saudi- ANB posts $ 366 m net profit in first half
Arab National Bank reported a net profit of $ 366.3 million for the first six months of 2012, compared to $ ... French oil tax to hit refiners, add to closures
France's plan for a one-off tax on oil inventories will further damage the competitiveness of the beleaguered ... Saudi- BAJ Q2 net income rises to SR 129 m
Bank AlJazira has announced the annual consolidated financial results for the year ended June 30, 2012. Net ... Saudi banking stocks offer hope; petchem 'vulnerable'
The Kingdom's banks have posted robust second-quarter earnings and analysts see upside for their stocks given ... Saudi- SADAFCO's net profit up
Saudia Dairy and Foodstuff Company has released its audited full year 2011-12 financial statements, which ... Saudi- Security system to protect the newborn
The high numbers of newborn babies switched by accident or kidnapped in many hospitals, has led to the implementation ... Kuwait- More detention for bedouns in protest
The Public Prosecution extended the detention of 11 Bedouns accused of participating in illegal demonstration until ... | 
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