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More than $40 billion worth of new contracts were awarded in the GCC during the first quarter of 2014 alone (File Archive)
07:40 GMT
2014 is promising to be a record-breaking year for the GCC's construction industry.
"Some Arab countries are still going through radical transformations, accompanied by negative economic development,” he said at the conference that discusses strategies for the advancement of Arab economies.
03:55 GMT
Arab bankers on Wednesday blamed "Arab Spring" for the deterioration in the region's economies.

April 16, 2014

If realised, this would not only revive output at Idku but also mean that Israel's first LNG exports would take place from an Egyptian plant.
23:02 GMT
"Ultimately Egypt and Turkey need energy, and the fact that we have it is creating a regional convergence of interests," an Israeli diplomatic source told Reuters.
Since the military’s return to the top political table in July 2013, it seems to have accelerated its economic activities and intensified its hold on the country.
22:45 GMT
Egypt's generals the economy to develop along lines of their choosing and have taken the opportunity not just to entrench their business activities even further, but upscale and expand them.
Within four years an estimated 65 new housing units will be built in Dubai to keep up with demand (File/AFP)
14:28 GMT
Is flat hunting in Dubai as expensive as it seems? Around 17,000 new homes are due to be built this year, with more affordable price tags attached.
Healthcare spending will increase over 16 percent in 2014 (File/AFP)
12:14 GMT
Healthcare spending reached just under $17 billion in 2013 and is expected to grow, says a new report by the U.S.-UAE Business Council.
Talks are due to take place after Egypt's upcoming elections (File/AFP)
11:41 GMT
Relations with the IMF soured when Egypt suspended negotiations over a loan worth billions in 2013, but this may improve with upcoming discussions.
However, despite the sanction relief, the country may have to deal with pressurized external and fiscal balances, double-digit inflation, and shrunk economy since 2011 amounting to USD 270 billion.
03:55 GMT
Iran’s economy could grow between 6% and 8% in an optimistic scenario, according to a global information company report.

April 15, 2014

Egypt has been experiencing power cuts since 2008 and faces bigger energy problems due to political unrest (File/AFP)
14:00 GMT
Political unrest has seen gas exports fall in Egypt while electricity consumption went up by almost a third. Will it be an expensive summer?
Dubai welcomed over 11 millions guests in 2013 (File/AFP)
10:57 GMT
Not part of the strategy: Tourism chief says hotels being built in Dubai are not specifically for the World Expo in 2020.
King Abdullah addressed rising inequality and speeding up economic growth in a letter this month (File/AFP)
10:14 GMT
America's welfare state was modelled as a good example to provide for the poor. But what if the rich invested more in those less fortunate?

April 14, 2014

Return of Equity (RoE) for Saudi banks is 10 percent whereas U.S. and European counterparts only receive single digit returns (File Archive)
15:00 GMT
Saudi Arabia's banking sector has outperformed its western counterparts in terms of profitability as well as efficiency in terms of resource utilization.
SMEs contribute to more than 60 percent of the UAE's gross domestic product (File Archive/Shutterstock)
13:00 GMT
New legislation is set to help boost small and medium enterprise development in the emirates, but to what extent will the new policy translate into prosperous growth on the ground?
Diwanee is an online journal for "modern Arab women" (Courtesy of Wamda)
11:00 GMT
Lebanese startup digital media company Diwanee is paving the way for more domestic startups and entrepreneurs to move onto the global platform.
Based on national accounts, Jordan's middle class contributes a 45 percent share to the national income (File Archive)
08:12 GMT
Politicians and economists alike have described Jordan's middle class as "vanishing" over the past 20 years, but how accurate is such commentary in today's context and what exactly is meant by "middle class"?