http://www.zawya.com/moneyen-usCopyright 2010 ABQ Zawya Ltd. All rights reserved.Wed, 10 Feb 2010 05:37:00 GMT5014476http://www.zawya.com/moneyhttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20100210053759/Accord Signed To Set Up KAIA Commercial CityThe General Authority for Civil Aviation (GACA) has signed an agreement with the International Financing Company to establish a commercial city at King Abdulaziz International Airport (KAIA) here, according to GACA spokesman Khaled Al-Khaibari.Wed, 10 Feb 2010 06:58:00 GMTThe Saudi Gazette ZAWYA20100210053759Openhttp://www.zawya.com/story.cfm/sidZAWYA20100210045012/GCC exports to Japan fall 48% in 2009 A sharp decline in oil prices combined with lower crude supplies to depress exports by the UAE and five other Gulf countries to Japan by nearly 48.5 per cent in the first 11 months of 2009, according to official Japanese data.The decline reversed...Wed, 10 Feb 2010 05:24:08 GMTEmirates Business 24/7 ZAWYA20100210045012Openhttp://www.zawya.com/story.cfm/sidANA20100209T115426ZDRF84/Kuwait Projects Huge Deficit In Next Fiscal YearOPEC member Kuwait is projecting a $22.4 billion budget deficit for the 2010-2011 fiscal year after raising spending by over 33 percent, according to a draft budget seen on Tuesday.Tue, 09 Feb 2010 11:59:49 GMTAFP ANA20100209T115426ZDRF84Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209111058/Iraq seeks strategic economic partnership with USIraqi Trade Ministry said on Tuesday that Iraq needs the U.S. as an investor and strategic partner to form a developed economy.Tue, 09 Feb 2010 11:17:23 GMTAswat Aliraq ZAWYA20100209111058Openhttp://www.zawya.com/story.cfm/sidZW20100209000066/Iraq Co For Bk Guarantees Extends Loans To SMEsThe Iraqi Company for Bank Guarantees, or ICBG, has guaranteed 1,075 loans granted to small and medium-sized enterprises worth nearly $16.5 million in the last three years, its chairman said.Tue, 09 Feb 2010 10:53:50 GMTZawya Dow Jones News ZW20100209000066Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209071701/Iran sees $12b in foreign investment by 2015The director of the Organization for Investment, Economic and Technical Assistance of Iran stated that it is predicted by the end of the Fifth Development Plan (2015) $12 billion foreign investments will have entered the country.Tue, 09 Feb 2010 07:23:45 GMTTehran Times ZAWYA20100209071701Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209033209/Gulf central bankers to meetThe first meeting of the Gulf Central Bank will be held in March this year, said GCC Secretary General Abdul Rahman Al-Attiyah here on Monday.Tue, 09 Feb 2010 07:21:39 GMTArab News ZAWYA20100209033209Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209050500/Excess reserves at CBJ stand at JD3.907 billionThe Central Bank of Jordan (CBJ) announced on Monday that the volume of excess reserves, including overnight window deposits held at CBJ was JD3.907 billion.Tue, 09 Feb 2010 06:31:43 GMTJordan News Agency - Petra ZAWYA20100209050500Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209051632/Free trade zones to fuel investment, economic growth: MackiOman's free trade zone initiatives will serve as catalysts for investments and economic development, according to Ahmed bin Abdulnabi Macki, Minister of National Economy and Vice- Chairman of the Financial Affairs and Energy Resources Council.Tue, 09 Feb 2010 06:25:52 GMTOman Daily Observer ZAWYA20100209051632Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209051715/Oman, Rhineland-Palatinate trade reaches 45m eurosForeign trade between Rhineland-Palatinate, Germany and Oman has almost quadrupled from 10 million euros in 2004 to nearly 45 million euros in 2008 in spite of the global economic and financial crisis.Tue, 09 Feb 2010 06:24:45 GMTOman Daily Observer ZAWYA20100209051715Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209053231/UAE to push ahead with public spendingThe UAE is expected to maintain a policy of increasing public spending to mitigate repercussions of the global credit squeeze and ensure growth in its economy, a key Saudi bank said.Tue, 09 Feb 2010 06:14:05 GMTEmirates Business 24/7 ZAWYA20100209053231Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209045917/Egypt struggles with population surgeEgypt has made no adequate gains in curbing the country's massive population growth since a ministry for family and population was set up a year ago, the minister in charge of the department said.Tue, 09 Feb 2010 05:01:10 GMTThe National ZAWYA20100209045917Openhttp://www.zawya.com/story.cfm/sidGN_08022010_090202/Growth Will Stay Low, UAE ConfirmsThe UAE's growth rate will remain "low" in 2010, but it will be better than that in 2009, Central Bank Governor Sultan Bin Nasser Al Suwaidi said.Tue, 09 Feb 2010 04:59:31 GMTGulf News GN_08022010_090202Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209043132/UAE Central Bank Sees Drop In Emergency Fund WithdrawalUAE banks appear to have stopped withdrawing funds from the Central Bank under its liquidity support facility introduced just after the global fiscal tremor to bridge a serious liquidity gap in the country, official data showed.Tue, 09 Feb 2010 04:41:31 GMTEmirates Business 24/7 ZAWYA20100209043132Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209042301/Drop In Eibor Yet To Benefit ConsumersEven as banks in UAE are enjoying the benefits of a substantial drop in the cost of their funding, with the Emirates Inter-Bank Offered Rate (Eibor) witnessing a decline in the second half of 2009, they are yet to pass on such gains to end-consumers.Tue, 09 Feb 2010 04:33:36 GMTEmirates Business 24/7 ZAWYA20100209042301Openhttp://www.zawya.com/story.cfm/sidANA20100208T125545ZDMW54/Kuwait 4-Year Plan Could Boost Economy: Moody'sKuwait's $104-billion development plan which parliament passed last week could boost the Gulf state's non-oil economy if implemented correctly, Moody's Investors Service said.Mon, 08 Feb 2010 13:06:37 GMTAFP ANA20100208T125545ZDMW54Openhttp://www.zawya.com/story.cfm/sidANA20100208T105536ZDMK70/Kuwait central bank cuts repurchase ratesThe Central Bank of Kuwait on Monday cut its one-week and one-month repurchase rates by 25 basis points each in a bid to expand money supply, a day after reducing the benchmark discount rate.Mon, 08 Feb 2010 12:29:24 GMTAFP ANA20100208T105536ZDMK70Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208040144/Oman-US FTA boosts economic tiesThe Foreign Trade Agreement (FTA) inked by the Sultanate of Oman and the United States a year ago has been highly instrumental in bolstering the bilateral ties between the two, according to a top notch US official.Mon, 08 Feb 2010 08:33:46 GMTOman Daily Observer ZAWYA20100208040144Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208041149/Iran: Non-oil exports surpass $20bIran exported some $20.4 billion worth of non-oil goods, including gas condensates, in the 10-month period which ended on January 20, 2010.Mon, 08 Feb 2010 08:32:47 GMTTehran Times ZAWYA20100208041149Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208043126/Seven countries account for 70 per cent of Jordan exportsSeven countries accounted for more than two thirds of the Kingdom's exports in the first eleven months of 2009, official statistics showed.Mon, 08 Feb 2010 08:24:26 GMTJordan News Agency - Petra ZAWYA20100208043126Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208044113/$18 billion, the volume of projects in ASEZAqaba Special Economic Zone Authority (ASEZA) Commissioner Muhammad Saqer said the volume of projects underway in the southern port city stood at $18 billion.Mon, 08 Feb 2010 08:17:08 GMTJordan News Agency - Petra ZAWYA20100208044113Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208044756/Forex market continues to attract local investorsThe UAE investors continued actively trading in foreign exchange (forex) currency markets in 2009 even as worldwide volumes took a hit, said a senior executive of a Swiss-based online foreign currency broker.Mon, 08 Feb 2010 08:10:43 GMTEmirates Business 24/7 ZAWYA20100208044756Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208050238/Tharoor pitches for Omani investment in IndiaShashi Tharoor, Indian minister of state for external affairs, urged the Omani businessmen to make best use of the 'huge investment opportunity' available in IndiaMon, 08 Feb 2010 08:04:37 GMTTimes of Oman ZAWYA20100208050238Openhttp://www.zawya.com/story.cfm/sidDS080210_dsart53/US guide highlights Lebanon's favorable investment climate, warns of red tapeThe US Commerce Department?s 2009 Country Commercial Guide for Lebanon (CCG) highlighted the country?s favorable investment climate and its liberal economic system, but said red tape and an unpredictable operating environment are some of the issues hurting Lebanon?s image as a country open for investment, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group.Mon, 08 Feb 2010 05:12:13 GMTThe Daily Star DS080210_dsart53Openhttp://www.zawya.com/story.cfm/sidGN_07022010_080248/Dubai Creates Watchdog To Protect BusinessesDubai yesterday announced a plan to set up a trade regulator - Joint Commercial Control and Protection Establishment - to develop, regulate and protect its business environment.Mon, 08 Feb 2010 04:30:02 GMTGulf News GN_07022010_080248Openhttp://www.zawya.com/story.cfm/sidANA20100207T145525ZDKB83/Dubai Pumped $6.2 Billion Into Debt-Ridden GiantDubai said Sunday it has pumped $6.2 billion into Dubai World and that it is prepared to put even more money into the conglomerate whose debt woes caused global market jitters late last year.Mon, 08 Feb 2010 04:26:52 GMTAFP ANA20100207T145525ZDKB83Openhttp://www.zawya.com/story.cfm/sidANA20100207T105414ZDJM18/Kuwait To Post $24 Billion Budget SurplusKuwait is set to post a surplus of $24 billion in the current fiscal year on the back of higher oil prices, despite projecting a shortfall, an economic report forecast on Sunday.Sun, 07 Feb 2010 14:27:04 GMTAFP ANA20100207T105414ZDJM18Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207065416/Kuwaiti Current year budget surplus may reach up to KD7BA recent economic report by the National Bank of Kuwait (NBK) said that the average crude price per barrel that ranged between USD 68 and USD 70 in the first ten months of the current fiscal year (2009-2010) ensures a big budget surplus for the State of Kuwait.Sun, 07 Feb 2010 07:37:35 GMTKUNA (Kuwait News Agency) ZAWYA20100207065416Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207033055/Saudi Arabia's new CPI delights customersCustomers and supermarket owners hailed the consumer price index (CPI) introduced last week, describing it as a measure that would help both consumers and traders.Sun, 07 Feb 2010 07:30:16 GMTArab News ZAWYA20100207033055Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207035713/Iran, COMESA to expand trade and economic tiesThe director of the Arabic and African Bureau of the Trade Promotion Organization of Iran stated the secretary-general of the Common Market of East and South Africa (COMESA) will visit Iran from Saturday to Thursday.Sun, 07 Feb 2010 07:24:59 GMTTehran Times ZAWYA20100207035713Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207041434/Dubai DeD Issued 11,635 Licences in 2009The Dubai Department of Economic Development (DED) announced that the Dubai's economic activities in 2009 continued to surge, highlighting the investors' trust in the economic opportunities available in the emirate and the UAE.The DED issued 11,635 licences for various businesses in 2009.Sun, 07 Feb 2010 07:21:08 GMTKhaleej Times ZAWYA20100207041434Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207045448/ID70b deficit in 2010 budget for Missan - governorThe deficit in the appropriations for the Provincial Development Budget (PBD) for Missan is estimated at 70 billion Iraqi dinars, according to the governor.Sun, 07 Feb 2010 06:50:06 GMTAswat Aliraq ZAWYA20100207045448Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207050446/JCCI wants expo to create 100,000 jobs in KSAThe Jeddah Chamber of Commerce and Industry (JCCI) hopes the 2nd Saudi Labor Market Exhibition to be held here from March 13 to 16 will create opportunities for 100,000 Saudi job seekers.Sun, 07 Feb 2010 06:44:55 GMTThe Saudi Gazette ZAWYA20100207050446Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206100058/Oil find will boost UAE's economic prospectsThe latest oil discovery announced yesterday by the Dubai Government is a shot in the arm for the emirate. The size of the oil reserve has yet to be announced.Sun, 07 Feb 2010 05:42:27 GMTGulf News ZAWYA20100206100058Openhttp://www.zawya.com/story.cfm/sidGN_06022010_070216/Oman GDP up 17.3% on higher crude pricesOman's third quarter gross domestic product (GDP) grew by 17.3 per cent in the third quarter of 2009 compared to the second quarter of 2009 according to a report by the Ministry of National Economy.Sun, 07 Feb 2010 05:13:57 GMTGulf News GN_06022010_070216Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207042610/UAE Unveils 2021 National Historic CharterThe Cabinet has approved a historic National Charter that aims to transform the UAE into "one of the best countries in the world by 2021", when the country will be celebrating the golden jubilee anniversary of the formation of the Union.Sun, 07 Feb 2010 04:40:41 GMTKhaleej Times ZAWYA20100207042610Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206085447/KFAED keen on supporting all sorts of projects in Lebanon without exception - Sadeqi Representative of the Kuwait Fund for Arab Economic Development (KFAED) in Lebanon Dr. Mohammad Sadegi said on Saturday the Fund seeks to support and fund projects and activities in all sectors and areas without exception, especially humanitarian, social and economic ones that have developmental returns for the country.Sat, 06 Feb 2010 09:31:49 GMTKUNA (Kuwait News Agency) ZAWYA20100206085447Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206080737/DED issued 11,635 licences in 2009The Dubai Department of Economic Development (DED) announced that Dubai's economic activities in 2009 continued at the same momentum, highlighting the investors' trust in the economic opportunities available in the Emirate and the UAE. Sat, 06 Feb 2010 08:33:41 GMTPress Release ZAWYA20100206080737Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206045539/Qatar To Invest $2bn In India Qatar, the richest Arab country with the highest per capita income in the world, hopes to invest a whopping $2bn in India, the world's second largest emerging economy. Sat, 06 Feb 2010 06:24:45 GMTThe Peninsula ZAWYA20100206045539Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206051539/Saudi Arabia: Most businesses run by women fail in first year Eighty percent of women-run businesses fail within the first year due to complications posed by regulatory formalities and procedures, a gathering organized by the Council of Young Businesswomen at the Chamber of Commerce and Industry in Dammam heard last week.Sat, 06 Feb 2010 06:17:32 GMTThe Saudi Gazette ZAWYA20100206051539Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206054340/Tehran, New Delhi keen to enhance economic ties Iranian minister of economic affairs and finance called for an increase in the annual trade between Iran and India which currently stands at $13 billion. Sat, 06 Feb 2010 06:11:46 GMTTehran Times ZAWYA20100206054340Openhttp://www.zawya.com/story.cfm/sidANA20100204T223938ZDCA02/US gives 40 million dollars to UN agency for PalestiniansThe United States announced Thursday it has given an initial 40 million dollars this year to the United Nations Relief and Works Agency for Palestinian refugees.Fri, 05 Feb 2010 06:29:57 GMTAFP ANA20100204T223938ZDCA02Openhttp://www.zawya.com/story.cfm/sidANA20100204T125035ZCZJ30/ECB, BoE keep main lending rates on hold at record lowsThe European Central Bank and Bank of England kept interest rates at record lows on Thursday as financial markets looked for guidance on growing eurozone deficit and debt problems.Thu, 04 Feb 2010 13:04:04 GMTAFP ANA20100204T125035ZCZJ30Openhttp://www.zawya.com/story.cfm/sidWAM20100204011012812/Chances Of Rain Tomorrow in UAEWeathermen gave forecasts of hazy weather in general in the UAE tomorrow. The skies will be partially cloudy over northern and eastern areas with another rise in temperatures.Thu, 04 Feb 2010 05:44:53 GMTWAM (Emirates News Agency) WAM20100204011012812Subscriptionhttp://www.zawya.com/story.cfm/sidANA20100203T102004ZCTW96/Kuwait Posts $25B Surplus In First Nine MonthsOPEC member Kuwait posted a preliminary budget surplus of 25.2 billion dollars in the first nine months of the current fiscal year on higher oil income, the finance ministry said on Wednesday.Wed, 03 Feb 2010 11:49:19 GMTAFP ANA20100203T102004ZCTW96Openhttp://www.zawya.com/story.cfm/sidZAWYA20100203081735/Worker influx poses threat in GCC The GCC employs 17 million foreign workers, but has more than one million unemployed citizens, Bahrain's Minister of Labour said yesterday, warning the influx of foreigners poses "a threat to our existence".Wed, 03 Feb 2010 08:31:24 GMTGulf News ZAWYA20100203081735Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20100203074255/Kuwait: Parliament approves 4-year development strategy First provision of the draft law, according to an attached clarification memorandum, stipulated that the plan would be valid for four years, for one year (the fifth) had already passed.Wed, 03 Feb 2010 08:04:39 GMTKUNA (Kuwait News Agency) ZAWYA20100203074255Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20100203061058/Iran-Italy Imports increase 27% Non-oil exports to Italy has increased by 27 percent in the first 9 months of the current Iranian year (started March 20, 2009) compared with the same period of last year, a Trade Promotion Organization of Iran (TPOI) official said. Wed, 03 Feb 2010 07:56:43 GMTIran Daily ZAWYA20100203061058Open