| Algeria expected to invest USD71b in energy sector in 5 years: APICORP A report forecasted Algeria to spend USD71 billion in the energy sector over the next five years, to become the third largest investor in the sector in the ... Saudi- Market cap falls to SR 1.37 trillion The Tadawul All-Share Index while reflecting a 3-day fall during the week, closed at 6,796.99 points last week, shedding 90.30 points or ... $ 165 m pledged for fund backing Arab democracies Rich countries and international lenders yesterday promised $ 165 million to a fund to provide financing for stronger public institutions in ... Saudi- Lack of recycling costs Kingdom SR 40 bn a year President of the Presidency of Meteorology and Environment Prince Turki bin Nasser will launch a garbage sorting project for recycling in ... IMF Chief gives priority to restore growth
> International Monetary Fund Managing Director Christine Lagarde on Friday put the fund's first priority to restore ... IEA predicts further easing in world oil demand growth
> The International Energy Agency said here Friday that demand for crude oil worldwide was continuing to ease, largely ... The Deauville partnership pledges USD165m to Arab Spring nations Rich countries and international lenders have pledged USD165 million to a fund to help build stronger public institutions in Arab nations seeking to ... Geithner says US economy on recovery path
> US Treasury Secretary Timothy Geithner asserted on Saturday that country is continuing to recover from the most severe ... UAE bank deposits rise 1.1% to Dh1.127t in August Deposits at the UAE banks surged 1.1 per cent during the month of August 2012 to close at Dh1.127 trillion. In the same month loans and ... Morocco gets the BBB- rating from S&P Morocco has been downgraded to just a notch above the 'junk' status by Standard & Poor's rating agency because of Europe's financial crisis, a high deficit ... Egypt says gas subsidy coupons to be ready before winter Egypt's Local Development Minister Ahmed Zaki Abdeen unveiled plans to issue a programme that aims to cut a costly fuel subsidy by the end of this year, ... Dubai's Limitless in USD1.2b debt restructure with creditorsDubai World's property unit Limitless has reached a deal with its creditors to restructure a USD1.2 billion Islamic loan, Reuters reported. Limitless has ... Markets rise; oil pushes above $ 115
 A surprisingly big drop in weekly US jobless claims helped shore up financial markets yesterday despite a downgrade of Spain's sovereign credit ... UK construction sector contracts again in August
> Activity in the construction sector, which has been a significant drag on UK economy growth, contracted again in August, it was ... Saudi- Aramco to cut domestic consumption of oil Saudi Aramco will start reducing the Kingdom's domestic consumption of oil by 2014 and depending more on natural gas as the main source for ... Saudi- Kingdom sees big demand for logistics, mail services
 DHL Express, a leading logistics and express mail services company, has announced an ambitious plan to invest more than $20 million in Saudi ... APICORP bucks global banking trend with rating upgrade
 Arab Petroleum Investments Corporation , the multilateral development bank of the Organization of Arab Petroleum Exporting Countries ... America's middle class goes global
 US President Barack Obama did a miserable job of making his own case last week. But speak to his supporters and the pitch is clear: The ... 60,400 acres in Nevada designated for 'solar energy zones'
DME targets China, India to up volume The Dubai Mercantile Exchange is targeting more trading activity from companies in China and India as it seeks to establish its Oman ... | 
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