| Saudi- Kingdom's nominal GDP to reach SR 2.35 trillion Saudi Arabia's budget and external surpluses are expected to reach a new record level in 2012 due to high level of average daily production in ... Top Republican warns 'no progress' yet on fiscal cliff talks
 House Speaker John Boehner said Friday there was "no progress" in deficit talks and accused the White House of recklessly pushing the country to the ... Saudis to buy Spanish football club Saudi businessmen and a former candidate for the presidency of the Itihad Saudi football team are negotiations to buy a Spanish football club ... UAE- Halal food industry to hit $8.4b by 2020 The selection of the UAE to chair two major technical committees for Halal standards has reiterated the global significance of the country ... EU plunges into recession
The euro-area economy was pushed into a recession for the second time in four years as trade slowed and government spending ... Kuwaiti Investment Dar sells 37.5% of Aston Martin toItaly's Investindustrial Luxury sports car maker Aston Martin, controlled by Kuwait's Investment Dar, has officially sold 37.5 percent stake to Italian private equity firm ... China to up Saudi oil imports 11%
 China's crude oil imports from Saudi Arabia are likely to rise about 11 percent next year, faster than this year's growth rate, as refiners ... Turkey to exempt 50 countries from visa restrictions
 Turkey is planning to exempt 50 countries from visa entry, which is already applied to many Arab countries, including Saudi Arabia, as part of ... Non-Saudis can't handle SME money transactions A number of banks have refrained from dealing with foreigners handling financial transactions of private institutions, according to banking ... Saudi plans a balanced energy mix for sustainable development
 The Kingdom plans to invest more than $ 100 billion over the next 20 years in strategic solar programs in order to diversify its energy mix. ... Canada approves two energy takeovers worth $20 bn
 Canada on Friday approved two major takeovers of energy firms by the Chinese state-owned giant CNOOC and Malaysia's national oil company Petronas -- ... Venezuela formally becomes full Mercosur member
 Venezuela became a full member of Mercosur at a summit of the South American regional trading bloc Friday while Bolivia took a first step toward ... DWTC's 2011 events generate Dh6.5b for Dubai's economy An Economic Impact Assessment report prepared by Oxford Economics has revealed that the spending associated with events at the Dubai World ... Bahraini Alba's output to surpass 881,310 metric tonnes: Chairman Aluminium Bahrain is expected to exceed the 2011 production of 881,310 metric tonnes, Gulf Daily News reported, citing Chairman Mahmood Al ... UAE- Maid attacks sleeping boss with hammer An Indonesian housemaid launched a lethal hammer attack on her sleeping boss, dislocating her jaw and breaking her nose, in an alleged ... Kuwait- Bodybuilder Beats Up His Sis' Pesterers Two youths sustained injuries when a Kuwaiti citizen, who is a bodybuilder, beat them for harassing his sister while she was shopping in ... Kuwait: 18-Year-Old Citizen Held For Running Over Private Forces Officer An 18-year-old Kuwaiti citizen was arrested recently for running over a Private Forces officer at a security checkpoint, reports Al-Shahid ... Kuwait- Female Student Accuses Fellow Student Of Raping Her A female secondary school student has filed a complaint at Mubarak Al-Kabeer Police Station against a fellow student who allegedly raped ... Two happy campers in a sewer in Colombia
 Stick your head in a sewer in the Colombian city of Medellin and you'll find the cozy home of Miguel Restrepo and his wife, two happy underground ... | 
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