Economy & Trade

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Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.

December 4, 2013

Real estate auctions have taken the leap to the online world. (Image credit: Shutterstock)
06:00 GMT

Real estate buyers in Dubai can now bid for properties online.

December 3, 2013

Qatar had originally given Egypt $7.5 billion when former president Mohammed Morsi was in office, but since his oust, relations between Qatar and Egypt have deteriorated dramatically (Reuters)
13:18 GMT

Egypt returned $500 million to Qatar December 2 after the Gulf peninsula "refused" to renew a former deposit it had made in Egypt's central bank. The December 2 transfer represents the second deposit return to Doha in the last month.

The Economic Freedom of the Arab World report compares and ranks Arab nations in five areas of economic freedom. (Image credit: Shutterstock)
05:12 GMT

The annual Economic Freedom of the Arab World report published by the Fraser Institute has ranked Arab nations in terms of economic freedom.

December 2, 2013

Belounis said he had been unable to obtain an exit visa which has to be applied for by his employers under the kafala, or sponsorship, system.
13:43 GMT

Qatar has been told by the world players’ union FIFPro to abolish the kafala system for footballers and respect international standards for their contracts.

Saudi Arabia will open the new shipping line between Jeddah and Casablanca in an effort to boost commercial ties between the two countries (Courtesy of Wikimedia)
11:00 GMT

Trade exchange between Saudi Arabia and Morocco will jump to $7 billion by early 2014.

Saudi aid will help boost Egyptian construction, tourism and investment sectors. (Image credit: Shutterstock)
07:46 GMT

A senior official at the Ministry of Finance said Saudi Arabia would offer a new aid package to Egypt worth US$5 billion.

December 1, 2013

Jordan was one of the top ranked countries for economic freedom in the report, despite its growing notoriety for some of the highest taxes in the region. Jordanians gathered earlier this year to protest against tax hikes on cooking gas and telecommunications (AFP)
06:48 GMT

A recent report released by a Canadian public policy think tank suggests that Bahrain, Jordan and the UAE have the highest levels of economic freedom in the region.

November 28, 2013

Many of the main services, such as Gaza's water filtration and sewage system, are in dire need of funding to continue operations in the upcoming months (Marco Longari/AFP)
10:06 GMT

Qatar granted the Palestinian Authority (PA) $150 million to help its economy Wednesday according to reports from Thursday.

 Sultan Bin Saeed Al Mansouri will represent the UAE at the WTO December meeting (Courtesy of Arabian Business)
08:10 GMT

UAE announced Wednesday that it will participate in the World Trade Organization's December meeting in Bali.

John Taylor, Jasmine Montgomery, Austin Rudman (BBBF Deputy Chairman), Dena Wales (BBBF Executive Manager)
07:40 GMT
(press release)

The Bahrain British Business Forum (BBBF) Legal and Organizational Effectiveness special interest groups held a joint seminar entitled “Building and Protecting Great Brands” with keynote speakers Mr.

Some $50 billion will be poured into the Iranian economy annually if the 'unjustified' international sanctions against the country are lifted
03:55 GMT

Since he took office in August, Rouhani has made improving the country’s economy a priority.

November 27, 2013

Business leaders and senior executives from across various industry segments expressed their confidence in Expo 2020 transforming the economic land scape of UAE while bringing about far reaching economic prosperity.
20:46 GMT

Dubai is the first city in the Middle East and North Africa (Mena) region to host the World Expo, the highly celebrated international exhibition, the third largest global non-commercial event, following the Olympic Games and the Fifa World Cup.

EU Ambassador to Jordan Joanna Wronecka announced the additional funding for Jordan from the EU late Tuesday (Courtesy of EU EuroMed)
12:02 GMT

EU's bilateral grant funds to Jordan for 2011-2013 now exceed 330 million euros with Tuesday's announcement that the European Parliament has approved another 180 million euro package for Jordan.

Izmir is one of the strong contenders for the bid, but faces stiff competition from Dubai, Sao Paolo and Ekaterinburg.
10:53 GMT

Turkey has received backing for Izmir’s Expo 2020 bid from 60 countries, and is confident of winning the bid, the country’s transport minister Binali Yıldırım was quoted as saying by Turkish media.

November 26, 2013

The first 4 RMG cranes on-board ZPMC vessel Zhen Hua 18 sailing into Jebel Ali Port
10:03 GMT

The first four of 50 Rail Mounted Gantry (RMG) cranes bound for DP World’s new Container Terminal 3 have arrived at Jebel Ali Port.