Featured Articles

May 5, 2014

Dubai wants to attract 20 million visitors by 2020 (File Archive)
08:22 GMT
Dubai is aiming to be the most visited city in the world by 2020, and here is what the emirate is doing to make sure they not only reach, but surpass this goal over the next six years.

May 4, 2014

Tourists who were due to participate in an aquatic exercise class, perform their exercises on the sand instead, at the Egyptian Red Sea resort of Sharm el-Sheikh, Egypt (Image: Reuters)
14:13 GMT
5 investment projects have been approved on the Red Sea coast.
Saudi Arabia is still the leading country in the petroleum industry. (Image: Zawya)
13:06 GMT
It is about time for the leaders to give priority to economic considerations, which may open the door to sort out political differences.
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.