| U.S. Budget Deficit Estimated at $1.1 Trillion
A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth consecutive year of ... Domestic pilgrims spend SR 22 bn annually Workers at various domestic pilgrim service agencies have estimated that domestic Saudi and expatriate pilgrims spend about SR 22 billion on ... Japan''s forex reserves up for 3rd month
> Japan's foreign exchange reserves totaled USD 1.277 trillion at the end of September, up USD 3.76 billion from a month earlier, ... Kuwait''s inflation down to 2.8 pct in August> The inflation in the Consumer Price Index slowed to 2.8 percent y/y in August, from 3.1 percent in July, a specialized ... Korea Gas Corp. Wins US$127 Million Pipeline Project from Iraq South Korea's state-run gas company Korea Gas Corp. said Friday it has won a US$127 million project to lay gas pipelines in ... Major role for Sukuk in funding GCC infrastructure projects> Sukuk are expected to play a major role in providing necessary funds for infrastructure projects in the GCC over the next 10 ... IMF chief to attend GCC meet today International Monetary Fund chief Christine Lagarde will take part in a meeting of the Gulf Cooperation Council in Riyadh today, followed by a ... Japan keeps monetary easing unchanged, zero-0.1 pct rate
> Japan's central bank on Friday refrained from taking fresh easing measures despite increasing pressure from the government for ... UK consumer spending rose in September - survey
> UK shoppers stocking up on winter clothing helped consumer spending to rise at its fastest rate for more than three years last ... U.S. unemployment rate drops below 8pct weeks ahead of presidential elections
> In a positive economic development after President Barack Obama's weak debate performance, Labor Department announced on Friday ... 'Greece Won't Last beyond November without Aid
 Greek Prime Minister Antonis Samaras has signaled that his country could not survive beyond November if it isn't granted the next ... UAE and Thailand
discuss trade Shaikha Lubna Al Qasimi, Minister of Foreign Trade, has emphasised the importance of developing the UAE's relations with Thailand in order ... Affordable housing a GCC priority A mismatch between supply and demand has caused a crisis in the Gulf Cooperation Council housing market spurred by rapid population ... Saudi- Market cap increases slightly After two consecutive weeks of trading in the red the Saudi stock market turned green last week, recovering a few points merely. Despite ... High cost forces many to drop out of this Haj Local pilgrims are facing further price hikes in the booking of Haj packages with Haj companies. Local pilgrims are expected to perform ... Saudi- Govt mulls new law on bad checks Officials from the ministries of Interior, Justice, Commerce, Finance and the Bureau of Investigation and Prosecution are studying new ... Dubai hotel rates post
57% surge in summer
 Led by impressive hotel rates growth in Dubai and the holy city of Madinah, Middle East and North African destinations continued to remain ... UAE- Mountaineer found dead The RAK Police, with Ghalila people, found the corpse of a foreigner who was lost while climbing a mountain at night. The incident came ... Jordan's Amlak plans new hotel openings in the GCC Jordan-based Amlak Hotels & Tourism Investment Company unveiled plans to open more hotels across the GCC region over the next five years, with multiple ... Oman plans 3 desalination plants to meet growing demand Oman unveiled plans to set up three desalination plants as the Gulf country seeks to meet growing demand for water, Reuters reported. An Omani official ... Jordan recieves USD 250m-grant from Kuwait> Jordan's Finance Minister Suleiman Hafez announced Friday that the Central Bank of Jordan has received USD 250 million ... | 
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