The oil sector contributed about 45 per cent of output growth, thanks to higher crude prices on global markets.
Foreign companies in Kuwait pay a 15 per cent tax.
The Securities and Commodities Authority has circulated draft rules that treat sukuk and non-Shariah compliant debt separately.
A growing young population, increasing consumption and rising budget expenditure will create investment opportunities in the region.
The DFM General Index climbed 1.3 per cent to 3,199.88, the highest since October 2008.
MubasherTrade report forecasts low-to-mid-single digit economic growth rates in the Middle East in 2014.
The firm is also planning to launch an asset management and wealth management business next year.
The country ranks second in the Middle East in terms of both its ultra-high net worth population and overall wealth.
The sharia-compliant investor defaulted on a $100 million Islamic bond payment in 2009.
TVM Capital MENA chairman says overseas IPOs don’t work out in the long term.
Increased investor interest in the Middle East is indicative of the region’s recovery, EY said.
The IMF forecast in November Qatar’s oil GDP would grow just 0.4 per cent in 2013 and decline by 1.1 per cent next year.
The firm will focus on investing in high impact Middle East tech start-ups, say founders Paul Kenny and Arya Bolurfrushan.
Despite experiencing cyber attacks, the majority of Saudi Arabian consumers have not installed anti-virus software on their systems.
National Bank of Abu Dhabi plans to add around 900 jobs to its current headcount of 6,500 next year.
The country’s finance minister said that Qatar would focus on the local market.
The Swiss wealth manager will gain a foothold in Beirut and Manama and strengthen its existing presence in Dubai.
Dubai’s third quarter imports touched Dhs610 billion and have been instrumental in boosting the emirate’s trade.
The DFM General Index advanced 0.6 per cent to 3,031.80, the highest since November 2008.
As market conditions improve, 2014 could be the year for Gulf capital listings.
The agreement aims to develop poor areas in Egypt and maximise job creation among women and youth in the country.
The index climbed 0.9 per cent to 3,013 points, its highest close since October 2008.
The firm acquired the hotel from a unit of Dubai World for an undisclosed sum.
Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies.
Bank loan growth to the private sector was 13 per cent in October, the slowest rate of expansion since May last year.
The Kingdom’s economy expanded at an annual rate of 3.1 per cent in the third quarter of this year.
A study found that there is a significant gap between the belief about ethics and industry practices among finance executives.
The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.
Standard Chartered has reported 10 consecutive years of record income and profits.
Qatar had been a firm backer of Mursi’s Muslim Brotherhood and lent or gave Egypt $7.5 billion during the year he was in power.