| GCC petrochem capacity to jump to 113MTPA by '15
The GCC petrochemical capacity is estimated to increase from 77.3 million tonnes per annum, or MTPA, to 113 MTPA ... Merkel Opposes Greece's Exit Out of the Eurozone
Reiterating Greece's exit out of the Eurozone, German Chancellor Angela Merkel said Friday Greece must live up ... China''s manufacturing drops to 9-month low
> China's manufacturing industry may deteriorate further in August, affected by a faster drop in new ... Poland's jobless rate declines to 12.3 percent
Poland's jobless rate fell to 12.3 percent in July, down from 12.4 percent the previous month, AP cited the ... Saudi Haramain High Speed Rail to come online in Jan 214
Saudi Arabia's Haramain High Speed Rail Project, which will link the holy cities of Makkah and Madinah, is scheduled to come ... Qatar increases stake in Xstrata to over 12%
Once again, Qatar Holding, the investment arm of Qatar Investment Authority , has increased its shareholding in Xstrata, in a ... IMF Moderates South Africa's Growth Forecast to 2.6%
The International Monetary Fund has moderated South Africa's 2012 GDP growth forecast to 2.6% and ... UK Economy Shrinks by 0.5%,
The UK's economy shrank less during the second quarter of this year, according to revised figures from the ... Qatar lends Egypt USD500m
Egypt has received Qatar's first USD500 million deposit, as the cash-strapped country struggles to secure international finance to ... S&P removes Egypt from credit watch list, outlook 'negative'
Egypt is no longer on Standard & Poor's watch list, and was affirmed 'B/B' rating on its long and short-term foreign and local ... Saudi- King allocates more lands for hospital projects
Custodian of the Two Holy Mosques King Abdullah allocated more than 5.5 million square meters of land to build two ... SME share to UAE GDP doubles to 60%
Small and medium enterprises, or SMEs, have become a vital cog to the growth of the UAE economy, contributing 60 ... Saudi- License renewal delay: Fate of 254 Haj companies uncertain
The fate of 254 companies and establishments providing Haj services to domestic pilgrims are still hanging in the ... Saudi- Resorts occupancy reaches 100 percent during Eid celebration
The accommodation sector in tourist locations across the Kingdom regained their vigor during the just-concluded Eid, ... Saudi- Noncomplying consumers face connection cut by SEC
A new bylaw regulating the electricity service that allows authorities to suspend electrical services to individuals ... Kuwait''s property sales up 18 pct in June - report
> Kuwait's property sales jumped 18 percent in June compared with May led by the residential property ... UAE- Ambitious plans to woo investors, tourists
The municipality of Ajman has undertaken several projects to improve the infrastructure in the emirate and attract ... UAE: 2.7kg cocaine found in statues
The General Department of Anti-Narcotics at Dubai Police recently foiled an attempt to smuggle 2.735kg of cocaine ... UAE- Staff steals Dh100,000 from bank; arrested
A 27-year-old Bangladeshi employee of a bank in Sharjah was arrested on Friday for allegedly stealing Dh100,000 ... | 
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