May 8, 2014
There have been reports about defense deals for the supply of Israeli unmanned aerial vehicles (UAVs) to Russia, and that the Russians are very interested in procuring other Israeli military systems
Saudi Arabia’s budget surplus, which the International Monetary Fund estimates was 8.3 percent last year, is expected to shrink to 4.9 percent of gross domestic product this year and 3.7 percent in 2015.
The emirate is facing a rise in demand for housing by six per cent year-on-year with an additional demand of 15,208 units in 2014, according to Colliers.
Protests by American University of Beirut (AUB) students this year did not target only tuition fee hikes, but also voiced demands related to transparency, participation in running the university, and tackling corruption
"The Gulf-Turkish affair is gaining momentum"
May 7, 2014
The revenues of the Suez Canal registered $1.214bn during the first quarter of 2014 compared to $1.187bn during the same period last year, constituting an approximately 2.2% increase.
"This (Algerian) financing will bring the reserves back to levels equal to 100 days of imports," Tunisian Central Bank governor Chadli Ayari said in an interview with state television on Sunday.
Spending their way out of trouble? Welfare spending and Saudi Arabia's pursuit of an economic 'qualitative shift'
The huge increase in welfare spending has helped buy social peace in Saudi Arabia and has spared the kingdom the kind of upheaval that toppled governments elsewhere in the Middle East and North Africa during the ‘Arab Spring’ that began in 2011.
Forget the US, forget Saudi Arabia: Could Jordan's development of oil shale be the true game changer here?
Jordan, according to the World Energy Council, sits on the world’s eighth largest proven reserves of oil shale estimated at more than 40 billion tonnes. In a country as hungry for energy as the Hashemite kingdom, it has the potential to be a gamechanger.
May 6, 2014
Tourism is expected to peak in Lebanon this summer despite the unstable security situation, tourism minister Michel Pharaon said Monday.
Saudis will now get up to $6,400 if they stay in their jobs. The new scheme has been launched in the Kingdom to keep workers in jobs for longer.
More than half of Wacker Chemie's business is in GCC countries. What else does the Munich-based manufacturer have to offer?
May 5, 2014
The demand for water has prompted the government to sign several contracts worth billions of dollars to establish new desalination facilities in the Kingdom.
The National Committee for International Education at the Saudi Council of Chambers expects that 500 international schools across the Kingdom will close down by next year.
Jordan faces a number of economic issues ranging from poverty and high unemployment to severe levels of public debt. The country's tourism sector, however, may be one of many ways to solve the country's economic woes.