| Euro zone launches USD653b European Stability Mechanism
The euro group President, Jean-Claude Juncker, stated that the euro zone launched the European Stability Mechanism , the region's permanent bailout ... UAE's non-oil trade rises to Dh320 billion in Jan-April UAE non-oil foreign trade maintained positive growth rates in the first four months of this year rose by Dh17.3 billion to Dh320.3 billion ... IMF lowers 2012 global economic growth to 3.3%
The International Monetary Fund stated that it lowered its outlook for the global economic growth for the current year by 0.2 percent to 3.3 percent, ... Politicians and the middle class: A modern love affair ONE of the great truths in the world today is that politicians, especially those in the West, are fascinated with the middle class. This ... Yokogawa signs agreement with Saudi Aramco
 Yokogawa Saudi Arabia and Saudi Aramco signed this week a Corporate Procurement Agreement that encompasses all the services Yokogawa ... Saudi- SR 11.96 bn Jeddah power plant deal awarded
 Saudi Electricity Co. has awarded contracts for South Korea's Hyundai and Japan's Mitsubishi to build and supply equipment for a large power ... Two Saudis among 8 kidnapped in Yemen Two Saudis are among eight people who were kidnapped by tribesmen yesterday in southwestern Yemen in a bid to secure the release of two fellow ... S&P: GCC sukuk issuance beating conventional bonds Sukuk issuance is beating conventional bonds in GCC countries, according to Standard & Poor's Ratings Services. "We expect both bond and ... Saudi Arabia poised for 6% GDP growth Saudi Arabia is heading for real GDP growth of 6 percent in 2012, according to Moody's Investors Service. It also said the outlook for Saudi ... Kuwait- Volkswagan-Behbehani unveils Passat 2013
 Volkswagen-Behbehani launched the all-new Passat 2013 on Monday morning at the Behbehani showroom in AlRai. The car was launched by Ali ... Kuwait- Viva seeks $400 m loan for expansion Kuwaiti telecoms operator Viva, part-owned by Saudi Telecom Co , has approached banks for a $400 million loan aimed at expanding its ... IMF sees 6.6% growth for Mideast oil exporters in 2012 The International Monetary Fund has forecasted the Middle East and North Africa's oil exporting countries to see a 6.6 percent economic growth this ... Etihad looks to India, Asia
 Etihad Airways, which has expanded globally through stake purchases in firms like airberlin and Virgin Australia, will look to extend its ... Whither the rescue fund?
IT'S LATE, but never too late in the eurozone. The establishment of a permanent fund to bailout ailing economies is indispensable. The ... Baby boom or bust?
AS JAPAN'S population shrinks and China grays fast, a battle is shaping up in the Philippines, pitching its demographic and economic future ... Kuwait- Youth acquitted of beating woman in public The Misdemeanor Court has acquitted an unidentified youth who was accused of beating a young woman and insulting her in public along the ... Kuwait- Egyptian spared of paying ex-wife illogical expenses The Court of Appeals, presided over by Judge Saleh Al-Rakdan, overturned the verdict of the First Instance Court which had previously ... | 
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