Gulf Bank Received Awards from Citibank
The second largest bank in Kuwait Gulf Bank received two quality recognition awards from Citibank.
Empire World – New Website Launched
Empire World, a private real estate and investment company in the Erbil (Kurdistan Region of Iraq), just launched an innovative website, one of the best in its sector.
Lebanon: Real GDP growth for 2012 at 0.6%
The Institute of International Finance (IIF) projected Lebanon’s real GDP growth for 2012 at 0.6%.
Corruption Perception Index 2012 in MENA Countries: Qatar Ranks on the Top
Qatar tops the MENA countries in Transparency International’s 2012 CPI.
Abu Dhabi Real Growth in 2012: 5%
Also, S&P estimates Abu Dhabi’s GDP per capita at US$ 110,000 in 2012.
Nominal GDP Growth of GCC Decreased
EFG-Hermes decreased its GCC nominal GDP forecast by 0.5% for 2012 and by 1.4% for 2013.
Turkish Economy Slowdown 2012: Healthy Slowdown from Overhearing Phase
TURKEY ECONOMIC REPORT, December 2012: Healthy Slowdowning Down from Overhearing Phase
Dubai rents rose by an average of 17%
Dubai rents rose by an average of 17% over the last 12 months, with those in some of the most popular areas posting an increase of around 24%, according to CB Richard Ellis (CBRE).
MENA Non-Oil Economies Heading Towards Slower Growth in 2013
The Institute of International Finance (IIF) indicated that non-oil economies of the MENA region mightface at best a modest recovery in 2013 as they struggle with weak growth, relatively wider fiscal andcurrent account shortfalls as well as rising unemployment.
The Lebanese Consumer Confidence Index (CCI) increased by 29%
Beirut, Lebanon: The Lebanese Consumer Confidence Index (CCI) published by ARA for Research and Consulting increased by 29% from last month to settle at 85 points in November.