September 20, 2012
Bahrain is the most economically free in the MENA region, according to an international think tank, but with continued oppression and state-violence against protestors, is this just an economic useful idiot ?
The oil-rich Saudi Kingdom illustrated it's financial might by supporting post-Arab Spring with financial aid, as other nations in the region also receive substantial packages.
Previously reported visa restrictions for migrant workers, especially those coming from Asia, have been denied by an official in the UAE's Ministry of Interior.
The government postponed discussions on imposing additional taxes to fund a wage increase for public sector employees after it reached an agreement on a first basket of taxes.
September 19, 2012
The Algerian government is negotiating with Egypt's ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm's main stakeholder told the stock exchange on Wednesday.
After the violent protests that engulfed the MENA region last week, the USA eased off on commitments to funding in post-Arab Spring democracies, but the European Bank for Reconstruction and Development remains committed and has launched its first invest in emerging Arab democracies.
The International Labour Organisation has said that there needs to be minimum wage regulations across the Arab world, at a summit held in Amman, Jordan, on Monday.
Lebanon has secured access for apple exports to the Iraqi, Libyan and Egyptian markets, adding that clamping down on pesticide residue and quality packaging were key to opening new markets.
Saudi Arabia is taking action to reduce the price of oil by pumping about 10 million barrels a day of crude and will produce more if customers demand it.
Apple shares traded above $700 for the first time on Wall Street yesterday, amid optimism on the tech giant as it launches its new iPhone 5.
Jordan on Tuesday called on rich Arab countries to extend financial aid to help the Kingdom overcome “critical” economic challenges.
Oman's economy is expected to grow by 5 percent this year, while inflation in the small oil exporter should reach 3 percent in 2012.
Oman has been ranked among the top 20 most economically free countries in world, according to the 2012 Economic Freedom of the World Report released on Tuesday by the Fraser Institute, a leading Canadian public policy think-tank.
September 18, 2012
Egyptian-American talks about a proposed $1 billion in economic relief have been frozen as a result of Egypt's half-hearted response to the attacks on US embassy in Cairo last week.
The Finance Ministry is expected to issue 10-year treasury bills in Lebanese denominated currency with 8.25 percent interest and another issue in Eurobonds in October of this year.