Featured Articles

May 4, 2014

Oman is pushing to raise production, with output to be increased steadily over the next few years
10:55 GMT
Domestic gas requirements are set to expand rapidly over the next few years as Oman’s industrial base expands and as the utilities sector grows to keep pace with rising demand for water and electricity.
Qatar's property market may be booming overall, but leasing activity has remained limited with rental rates remaining flat during the first quarter of 2014 (File Archive)
09:04 GMT
Qatar's property market is growing significantly on a quarter-to-quarter basis, most recently reporting a 29 percent increase in the number of transactions in the last quarter.
Omanis spend about $110 million in shopping alone in the UAE on a yearly basis (File Archive)
08:30 GMT
Omanis are flocking to the UAE for their shopping needs, but is their spending behaviors abroad hurting their own country's economy?

May 2, 2014

Above all, the ratings agencies like the fact that Sharjah’s finances have shown resilience, and that is has never received regular direct budgetary transfers from the UAE finance ministry or the Abu Dhabi government - attesting to a certain fiscal independence.
23:04 GMT
Sharjah is leaving no stone unturned in its quest to be a diverse economic hub and investment destination of choice. But can it do so in Dubai’s ever expanding shadow?
The memorable event reflected Renault’s strong commitment to make the Middle East part of its core markets.
22:50 GMT
The city of Paris hosted an exclusive event organized by Renault for its dealership owners. The operation gathered Chairmen and CEO’s from the Middle East region together.
Sawiris: There are sectors of the Egyptian economy that have been on fire in the last one or two years, despite all the political turmoil.
22:45 GMT
Though Nassef Sawiris predicts Egypt’s turbulence will continue until the summer, he says there are sectors right now that are still attracting investors.

May 1, 2014

Dubai Investments Park is the largest industrial, commercial and industrial combination in the Middle East (File/AFP)
12:39 GMT
Ahead of Expo 2020, the Middle East's biggest industrial, residential and commercial community is expanding. Good quality housing and reliability is the reason why.
The organizers shared that Turkey’s real estate sector offers great deals for investors with the population factors that are parallel to its developing economic numbers
04:33 GMT
In recent years, Turkey has witnessed a surge in high investment from the Gulf Region.

April 30, 2014

By 2011, one in four Egyptians were living in poverty (File/AFP)
13:48 GMT
Egypt's subsidies account for 14 percent of it's $250 billion GDP and can't be sustained. Something has to be done before the country dips further into a financial crisis.
A Lebanese woman walks through Souks shopping district in Beirut (File/AFP)
11:16 GMT
Lebanese brands are of excellent quality. So why are they not venturing abroad and expanding beyond the Middle East?
Although global defence spending fell marginally last year, IISS said that it rose significantly in the Middle East and Asia.
05:13 GMT
“Economic diversification is seen as one avenue to achieve long-term economic goals and defense industrialisation is viewed as a route to economic change and an opportunity to create jobs for nationals.”
Dr Al Anshasi added while oil has fuelled much of the UAE’s social and economic development in the last half-century, it is important to ensure that other areas of economic activity are also given every chance to succeed.
05:02 GMT
The UAE has set its sights on increasing its gross national income per capita by 65 per cent by 2021, placing the country among the world’s top ten economies per capita income.

April 29, 2014

The U.S. president had suspended military aid to Egypt following the ouster of the Muslim Brotherhood-affiliated President Mohammed Mursi. A
21:40 GMT
“Data shows that USAID allocated $557 million in 2003 for Egypt alone, including $200 million in cash transfers to provide hard currency for new projects. But 70 percent of this conditional aid is routed back to the U.S., to Egypt’s detriment.”
The numbers are moving in the right direction: In eight out of the last 10 years, the share of women becoming CEOs of the world’s biggest public companies has been higher than the share of women leaving that office
21:31 GMT
“We see a similar trend also in the Middle East with an increasing amount of women as CEOs or in other senior leadership positions, not least in family-owned businesses that constitute an important part of these economies.”
The US shale oil revolution (driven by technology and the private sector, not White House dictate) is a game-changer in global energy markets
21:05 GMT
It is no exaggeration to state that the world is on the eve of an entirely new world energy order, whose first drafts will be written by energy journalists in 2014.