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| Saudi Arabia leads equity issuances with listings over $ 100 m |
| Source : Arab News |
| Date : 2013-05-22 |
| With another relatively slow 12 months for actual equity issuances in the GCC, and with Saudi Arabia leading the league table with five listings over $ 100 million, a number... |
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| Aramco awards Midyan gas project to L&T |
| Source : Arab News |
| Date : 2013-05-22 |
| Saudi Aramco has awarded India's Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported.... |
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| Drake and Scull wins SR 1.73 bn tower deal |
| Source : Arab News |
| Date : 2013-05-22 |
| Dubai's Drake and Scull said yesterday it had won a contract worth SR 1.73 billion ($ 461.3 million) to build a twin-tower residential and commercial development in the western Saudi... |
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| Iran stops wheat exports to avert illegal sales |
| Source : Tehran Times |
| Date : 2013-05-22 |
| The trade Promotion Organization of Iran has sopped exports of wheat in a bid to curb illegal selling of wheat at high prices to western neighboring countries by profiteers, the... |
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| Mining projects costing $235m inaugurated in southeast Iran |
| Source : Tehran Times |
| Date : 2013-05-22 |
| A coal concentrates production plant and a metallurgical coke production plant, were inaugurated on Tuesday in Iran's southeastern Kerman province.... |
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| Iran Khodro to launch car assembly line in Iraq |
| Source : Tehran Times |
| Date : 2013-05-22 |
| Iranian carmaker Iran Khodro will establish an assembly line with the capacity of 30,000 units per year in the Iraqi city of Iskandariya by the next month, IRNA reported on... |
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| Saudi Arabia to host ICC, G20 consultation meeting |
| Source : Arab News |
| Date : 2013-05-22 |
| The International Chamber of Commerce (ICC) at the Council of Saudi Chambers will host the consultation meeting for ICC's World Trade Agenda and G20's advisory group here on May 28.... |
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| Dubai stocks fall most in a month on concern rally is overdone |
| Source : Khaleej Times |
| Date : 2013-05-22 |
| Dubai shares declined the most in more than a month on investor bets gains this year are overdone and as stocks in Europe and Asia retreated from a five-year high.... |
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| Saudi Arabia heading for 7.6% nonoil growth in 2013 |
| Source : Arab News |
| Date : 2013-05-22 |
| Inflationary pressure is likely to continue to remain subdued in the Kingdom this year in the absence of external shocks to food prices, says a top Riyadh-based economist.... |
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| Qatar should consider more flexible forex rate: banker |
| Source : Gulf Times |
| Date : 2013-05-22 |
| Qatar and other Gulf states should consider moving to a more flexible exchange rate from long-entrenched pegs to the US dollar, to better manage inflation risk in the next decade,... |
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| SR 1 bn Saudi Electricity contracts for Siemens |
| Source : Arab News |
| Date : 2013-05-22 |
| Siemens, a global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and health care sectors, has been awarded two contracts worth around SR 1 billion by... |
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| Dubai increasingly popular cruise tourism destination |
| Source : Khaleej Times |
| Date : 2013-05-22 |
| Dubai is reinforcing its position as a destination of choice for cruise tourism by welcoming newly renovated luxury liner, Mariner of the Seas on its maiden call to the emirate.... |
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| Doha Bank likely to sell bonds to raise capital: CEO |
| Source : Gulf Times |
| Date : 2013-05-22 |
| Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said.... |
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| IMF sees Saudi economic slowdown, warns of inflation |
| Source : Arab News |
| Date : 2013-05-22 |
| Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International... |
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| Kuwait, Morocco sign cooperative deals |
| Source : Kuwait News Agency |
| Date : 2013-05-22 |
| Kuwait and Morocco signed a number of cooperative agreements as the first session of the Kuwaiti-Moroccan Commercial Committee wound up here on Tuesday.... |
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| Solar power brightens Oman oil output prospects |
| Source : Arab News |
| Date : 2013-05-22 |
| Petroleum Development Oman (PDO) and US GlassPoint Solar have commissioned the Middle East's first solar enhanced oil recovery (EOR) project, the project partners said.... |
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| Qatar's GDP expected to grow 5.2% in 2013 |
| Source : Arab News |
| Date : 2013-05-22 |
| Qatar has successfully completed its 20-year investment plan to commercialize its natural gas reserves, the third largest globally with 25 trillion cubic meters or 13.0 percent of the world's total... |
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| IMF stays upbeat on Dubai |
| Source : Khaleej Times |
| Date : 2013-05-22 |
| The International Monetary Fund, or IMF, said on Tuesday that it was confident of Dubai's ability to meet all financial obligations given its track record of successfully managing payment rescheduling.... |
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| Int'l shipping line "Evergreen" launches its trips to Aden port |
| Source : Yemen News Agency |
| Date : 2013-05-21 |
| Taiwan's international shipping line "Evergreen" is to launch its trips to the container port in Aden starting from tomorrow Wednesday, by receiving the Liberian ship Santa Bijeljina in the first... |
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| Earthquake effect set to be probed |
| Source : Gulf Daily News |
| Date : 2013-05-21 |
| Seismic activity near Bahrain and its effect on structural design will be discussed during an event at the Bahrain Society of Engineers tonight.... |
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