Economics Kuwait's economy grew 29 percent in nominal terms last year, the fastest rate since 2005, as high crude prices helped boost output and revenue in the OPEC member state, central bank data showed on Tuesday. More from Arabian Business OPEC's secretary general said he was not worried about the oil market outlook for 2013, as the exporter group pumps a million barrels per day (bpd) more than its official output target without weakening prices. More from Arabian Business Demand for office and retail space in the UAE is growing faster than anywhere else in the world, according to the latest report from the Royal Institution of Chartered Surveyors (RICS). More from Arabian Business Saudi Arabia is stepping up efforts to lower unemployment among its citizens by fining private sector firms that employ more foreigners than Saudis, the labor ministry said in a statement carried by state
