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NEWS IN BRIEF - ECONOMY & BUSINESS.

Bahrain February inflation hits 4-month high

Bahrain's inflation climbed to a four- month high of 1.6 per cent on an annual basis in February as consumer prices jumped from the previous month fueled by soaring food and transport costs, data from the Central Informatics Organization showed.

Dubai economy grew by 2.2 percent in 2010

Dubai's economy is expected to have grown by around 2.2 percent in real terms last year, emerging from a similar contraction in the previous year, the Arab emirate's statistics office said recently.

DIT participates in Waitro meeting

Dubai Institute of Technology (DIT) said it took part in the first executive committee meeting of World Association of Industrial and Technological Research Organizations (WAITRO) in Malaysia recently.

Iraq core inflation rises to 5.5 percent in February

Iraq's core annual inflation rose to 5.5 per cent in February versus 5.3 per cent in January, driven by increases in the cost of power, rental and housing, a central bank official has revealed recently.

Dubai real GDP shrinks by 2.4 percent in 2009

Dubai's economy contracted by 2.4 per cent in real terms in 2009, more than expected, due to a plunge in property and construction sectors, data from the Dubai Statistics Center has shown recently.

Rakia highlights advantages at forum

Ras Al Khaimah Investment Authority (Rakia), a major provider of investment opportunities in its free zones, highlighted its strategic advantages and key factors for its growth at a recent forum for high-profile CEOs in Dubai.

S&P cuts Bahrain ratings 2 notches

Standard & Poor's has cut Bahrain's ratings by two notches to BBB from A- and kept them on negative watch, saying the recent protests have caused the country's political and economic environment to deteriorate.

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Publication:Saudi Economic Survey
Article Type:Brief article
Geographic Code:70MID
Date:Mar 23, 2011
Words:307
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