Saudi Arabia is moving ahead with the expansion of its giant Khurais oilfield but the project would move slower than originally planned because of budgetary reasons, industry sources said.
Since global oil pric
The total real estate sales in Kuwait reached KD2.1 billion ($6.9 billion) for the first eight months of the year, down 23 per cent from the same period last year, according to a report.
The sales continued to
The speed of decline in Saudi Arabia's foreign reserves slowed in July after the government began issuing domestic debt to cover part of a budget deficit created by low oil prices, central bank data showed on Thursday.
Bahrain’s inflation slowed last month to 1.1 per cent as food prices fell, data from the Central Informatics Organisation showed. The housing and utility costs, which account for 24 per cent of consumer expenses, rose 2.3 per cent from a
A trickle of aid, medicine and commercial food cargoes is reaching Yemen yet the process remains slow as more ships await clearance to discharge at ports and logistical chains buckle due to fuel shortages and war.
Before Saudi Ara
The rise of Dubai's red-hot residential real estate market is slowing as government steps to curb speculative buying have an impact and higher prices start to affect demand, consultants JLL said in a report on Sunday.
Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 per cent in May from 9.11 per cent in April, the central bank said on Tuesday.
The rate of infection of a deadly virus in Saudi Arabia has slowed since mid May and Monday was the first day free of new cases in six weeks, figures released by the kingdom's Health Ministry showed.
Political unrest has hurt Tunisia's growth outlook but it will stay committed to cutting the state budget deficit next year, while relying on foreign aid to fill a large external financing gap, Prime Minister Ali Larayedh told Reuters.
Qatar expects its economic growth will slow to 4.5 per cent in 2013, the weakest rate in a decade, but plans to continue heavy investment in its non-hydrocarbon sector, the state planning authority said yesterday.
The Opec member's oil