JEDDAH: The increase in oil revenues will fuel another year of twin surpluses, with the fiscal and current account balances expected to register 14.3 percent and 31.3 percent to GDP, respectively, says a new report from the National Commercial Bank ( NCB ) unveiled yesterday. The Kingdom’s real GDP growth is expected to rise…

  Manama The Gulf Cooperation Council (GCC) countries are expected to adopt tomorrow a proposal to establish a high commission to coordinate the decisions by the six member states, a Saudi daily reported. Citing “well-informed” sources, Al Sharq said that the commission would oversee the implementation of the GCC decisions or proposals and would follow…

  Amman – Prime Minister Fayez Tarawneh said on Saturday Jordan had received just a fraction of foreign aid pledged to the Kingdom, putting additional pressures on an already strained budget. He told daily newspaper editors and columnists that the Kingdom had since the start of the year received only $18 million of a total…

  TEHRAN – The unemployment rate in Iran stood at 12.3 percent last year, which ended on March 19, showing 1.2 percent fall compared to the preceding year, the Statistical Center of Iran reported. The IRNA News Agency quoted the report as saying that the number of jobless individuals has fallen to 2.8 million from…

  MUSCAT — The state’s general revenues increased by 30.8 per cent by the end of February this year, registering RO 1.85 billion as compared to RO 1.42 billion during the corresponding period last year, according to statistics released by the department concerned (at the Ministry of National Economy). The state revenues received strong backing…

  Manama, Bahrain: Leading telecom and broadband provider, VIVA Bahrain, announced yesterday it’s latest innovation as part of its efforts to enhance it’s customers experience, the all new ‘Platinum Plan; loaded with benefits and designed to give more flexibility and options to its high demanding clients. For only BD50 a month, VIVA customers can take…