Featured Articles

May 29, 2014

Trade union and human rights activists as well as the United Nations Human Rights Council have demanded that Qatar abolish the kafala system which severely restricts workers’ rights.
13:31 GMT
“We have many questions what is exactly meant by the changes. I don’t think these measures go far enough,” said James Lynch, an Amnesty International official.
WTO accession negotiations can be tortuous -- Yemen's began in 2000 -- as would-be members first strike deals with countries already in the trade body.
12:57 GMT
WTO membership is seen as a key step in the global economy because it gives countries easier access to other countries' markets under a set of agreed rules, as well as a forum to deal with trade disputes.

May 28, 2014

Planning a meeting at a specific time in Beirut is a virtual impossibility as you may arrive one hour early, late – or not at all.
20:24 GMT
There is approximately one car for every two persons in Lebanon. That's an extremely high figure for a developing country (Turkey has one car per seven people, South Africa has one in five).
In line with global standards and corporate governance best practices, there are certain structures that family businesses should look at implementing.
19:22 GMT
The establishment of a solid, working, corporate governance structure is key for any company looking to invest in a portfolio of different opportunities.
Egypt’s economy will probably grow 2.5 percent this year, up from 2.1 percent in 2013, according the median estimate in a Bloomberg survey of economists.
06:55 GMT
To gauge how Field Marshal Abdel-Fattah al-Sisi’s likely victory in this week’s Egyptian presidential election is winning over investors, look no further than the country’s creditworthiness.
In fact, according to the latest monthly statistics published by the Swiss National Bank, foreigners have been depositing a growing volume of assets into Swiss banks
06:32 GMT
The fabled secrecy that Swiss banks used to provide — and which was a key to its attractiveness as a financial centre — has been cracked open.

May 27, 2014

After all, China is the big hope for growth in LNG demand, with some forecasts calling for a tripling of its imports to more than 60 million tonnes per annum by 2020.
23:04 GMT
Should developers of liquefied natural gas (LNG) projects in Australia, the United States and elsewhere be worried by the $400 billion deal between Russia and China?
The report, which is conducted by the Economist Intelligence Unit, surveys senior executives from large regional companies.
04:55 GMT
Mena-based executives are also seeing an improvement in the global economy with 61 per cent of those surveyed confident in the resurgence.

May 26, 2014

“One of the biggest challenges is the issue of the customs,” he said. “I think they have made practical steps in addressing these issues and how to redistribute the custom fees between the GCC countries.”
23:24 GMT
The long-delayed GCC customs union, which was first launched in 2003, is expected to facilitate trade between the members of the GCC and boost investments within the region.
Sabahy promises to establish a silicon industrial complex within two years, with a total budget of $250m, along with a poly silicon facility.
21:32 GMT
Both candidates recently released their economic platform, promising prosperity and development in various sectors.
Although most people find paying through debit cards unappealing (as the money is deducted at source), financial experts encourage this habit because this leads you to spend only the money you have.
11:12 GMT
As a lifelong belief, we should be clear about our financial bottomline, says Hutchinson. “You must not attempt to spend money that you do not possess.”
The loyalist province has remained mostly untouched by Syria's three-year war, and unlike the rest of the country, its economy is booming.
03:55 GMT
"There is a real economic boom. (The displaced) have got things moving, and the jobless have found work," said Sami Sufi, who heads the province's chamber of commerce and industry.

May 25, 2014

DTCM estimates that Dubai needed a total of between 140,000 to 160,000 rooms to provide accommodation for targeted visitor numbers for 2020.
22:17 GMT
Last month, Dubai had been named as one of the top 25 places to go worldwide in the Traveller Choice Awards 2014 by TripAdvisor.
Saudi Arabia’s Rotana Group plans to open five-star hotels in Tehran and the Shia pilgrimage city of Mashhad.Lonely Planet said appetite for information about Iran has prompted the publisher to dedicate a chapter on the country in the update to its Middle East travel guide due next year.
21:56 GMT
oreign visitors to Iran are the most visible effect of President Hassan Rohani’s drive to mend ties with the US and Europe.
With inflation becoming well entrenched again regionally, the issue of managing cash, or translating it into other vehicles, has become pressing again.
16:36 GMT
Such is the variety of people living and working in the Gulf that there will be mixed perceptions of the international value of their dollar-linked wealth and earnings these days.