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MIDDLE EAST BUSINESS
The Middle East, especially the oil-rich Gulf, is the world's hottest economic region, shrugging off the economic gloom plaguing much of the rest of the world. Hundreds of billions of dollars in wealth are piling up there each year in countries like Saudi Arabia, the United Arab Emirates, Iran, and Iraq. Money and the Internet are changing the region fast and helping to build huge fortunes and world class companies. But explosive tensions remain over Israel, Iran, Iraq, and the Palestinians.
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Saudi Arabia has published a roadmap for its renewable energy programme, aimed at reducing the amount of oil it burns...
Opec has revised up its forecast call on its members crude in 2013 by 100,000 b/d to 29.8mn b/d in its latest Monthly...
North America had been earmarked by Qatar as a guaranteed market to sell its copious Liquefied Natural Gas (LNG) export...
West Texas Intermediate oil dropped from the highest price in more than a week as Saudi Arabia boosted output and...
Abu Dhabi, the largest sheikhdom in the United Arab Emirates, is making a 10-fold boost in its capacity to generate...
Results from recent gas exploration and appraisal activities indicate that the region holds substantial resources of...
New York News: Israel's Prime Minister Benjamin Netanyahu said the start of production at Tamar marked “an important...
New York News: Saudi Arabia’s real GDP growth is expected to rise by 3 percent in 2013 driven by the decline in oil...
Iraq hit out at Chevron Corp over its just-signed oil contract with Kurdistan, barring it from any oil agreements with...
The oil minister, Rostam Qasemi, acknowledged that petroleum exports and sales had fallen by at least 40 percent over...
Iran's crude oil exports in December lept to their highest level since European Union sanctions took effect last July,...
Subsidies have adverse effects on public finances, economic growth, equity and the environment, body says
Egan Medical is celebrating its first-ever sale to a customer outside of North America and Western Europe today.
Turkey will continue buying Iranian natural gas and will make payments in whatever way is required to maintain supplies...
New York News: Libya's economy real GDP growth was 122 percent in 2012 and IMF expects a 16.7 percent growth in 2013 .
ON A bright summer day in Exeter, a university town in the south-west of England, an array of Gulf academics mingle to...
As Knowledge Partner for the event, a senior representative from Aranca will be presenting on the topic.
A study by the International Monetary Fund found that government fuel subsidies are expensive and detract from...
Abu Dhabi, UEA New York News:Abu Dhabi Investment Authority tops the world's list as largest fund at US$627 billion ...
The US Thursday exempted China and Singapore for 180 days from sanctions levied against countries who trade with Iran.
The world's driest region, the Middle East, is getting drier at an alarming rate. And yet, despite massive population...
Selling this gas overseas risks angering allies and enemies alike. Amid this uncertainty, Israel still has not...
Exxon Mobil has officially informed Iraq's government it wants to pull out of a $50 billion oil project, telling...
Top Sources: Middle East Business
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