Economics
Gold inched up on Monday to reverse losses from the previous session, bolstered by expectations for aggressive monetary easing from the Bank of Japan.
Average rental rates for residential property in Dubai increased 17 percent last year while villa rentals rose 14 percent following a rebound in the emirate’s real estate sector, according to a new report.
Masdar and Morocco have signed a framework agreement that paves the way for investment into the North African country's burgeoning renewable energy sector.
The number of tourists in Lebanon during 2012 reached 1.36 million, down by 17 percent from 2011, according to the statistics of the Ministry of Tourism (MoT).
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Companies
Growth in Lebanon’s Bank Audi’s local and foreign operations – mainly Turkey and Egypt – have outpaced the contraction of its activity in Syria, the bank reported Sunday as it released its 2012 end year results.
WorleyParsons has been awarded a three year contract by Shell Gas Iraq BV to provide project management support and services for the rehabilitation of gas facilities and infrastructure that are part of the scope of Basrah Gas Company (BGC).
Etihad Airways has signed a three-year, multi-million dollar partnership with Sydney Opera House in a bid to further grow its cultural profile in Australia.
Saudi Arabia’s Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, posted an 11.6 per cent increase in its fourth-quarter net profit, it said in a bourse statement on Monday.
Saudi Arabian Mining Co (Maaden) posted a forecast-beating 45 per cent increase in its fourth-quarter net profit after it began production of ammonia and di-ammonium phosphate, it said in a bourse statement on Sunday.