Featured Articles

January 24, 2013

Iran knows that it will have more leverage in the talks with the US if it has a bomb
07:07 GMT
Western economic sanctions on Iran may not work and have the inverse effect causing Iran to push harder to make a nuclear weapon to give the Islamic Republic greater negotiating leverage.
Global economic growth is expected to reach 3.5 per cent this year, up from 3.2 per cent in 2012
06:44 GMT
The International Monetary Fund said the global economy wil grow at 3.5 per cent this year in its half-yearly outlook report, with the MENA region needing macroeconomic stability, despite difficult conditions.

January 23, 2013

Tourism in Egypt is returning  and bringing increased revenues
12:33 GMT
Egypt's tourism industry started to recover in 2012, with a 17 per cent increase if visitors, helping to create a 13 per cent rise in income generated.
Confusion over new mortgage rules from the Central Bank of the UAE is leading to an increase in real estate transactions
12:09 GMT
Confusion over new mortgage rules in the UAE, expats and locals alike are rushing to buy homes in the strongest property market since 2006.
As Egypt prepares to commemorate the second anniversary of the revolution, the Muslim Brotherhood announces a new development campaign
10:58 GMT
Days away from the second anniversary of Egypt's revolution, the Muslim Brotherhood announces a new campaign to provide social services called "Building Egypt Together".
Arab investment within their countries to enhance economic development in the Arab region
08:48 GMT
As the Arab Economic and Social Development Summit came to a close yesterday, leaders pledged to push forward greater economic unity between Arab nations.
Airports at Riyadh and Jeddah cater to approximately 75 per cent of the total traffic
08:26 GMT
As Saudi Arabia's economy continues to grow, boosted by high oil prices, fears are rising that the Kingdom's transport infrastructure will soon not be able to cope.
Recent explorations in Iran have found new oil and gas reserves on borders with Turkmenistan and Iraq
08:03 GMT
Iran has discovered new oil fields near the Iraq and Turkmenistan borders, but with Western sanctions hitting the Islamic Republic's ability to export, will Tehran be able to exploit the new discoveries?

January 22, 2013

Demand for food will increase by 35 percent, and the global food production outlook will worsen due to climate change patterns
12:29 GMT
Lebanon's economy is facing uncertain times, with conflict over the border in Syria and a tourism industry in decline, but it can survive if it adapts, according to a leading policy expert.
GCC countries offered $ 5 billion in aid to Jordan and Morocco to implement developmental projects and a similar assistance package to Yemen
12:13 GMT
An official with the GCC has urged the Arab League to set realistic goals for the regions economy, which is continuing to struggle in the wake of the Arab Uprisings.
Crown Prince Salman bin Abdulaziz Al Saud, Deputy Premier and Minister of Defense kicks off the Arab Economic Forum in Riyadh
11:26 GMT
The King of Saudi Arabia, Abdullah bin Abdul Aziz, unveiled a new financing initiative at the third Arab Economic Summit, designed to help poor Arab countries.
The G8 is to help Arab Spring nations with investment in SMEs and asset recovery
09:09 GMT
The G8 group of developed nations, currently chaired by the UK , is to assist Arab Spring economies with support of SMEs, asset recovery
The Egyptian pound continues to slide against the dollar as investors hope the IMF deal will shore up the currency
08:22 GMT
The Egyptian pound continued its downward trend on Monday after hitting another record low in the wake of a Sunday currency auction held by the Central Bank of Egypt (CBE).
As Jordanian head to the polls tomorrow, candidates economic policies all share the same ideas
08:06 GMT
As Jordan heads to the polls tomorrow, facing a worsening economy, almost all candidates share the same approach for the economic and financial woes fo the Kingdom.

January 21, 2013

Demand for Opec crude will average 29.07 mbpd in the first half of 2013
12:48 GMT
OPEC is predicting that demand for its crude in 2013 will be lower due to higher supply from rival producers, indicating inventories could build up substantially even after a cut in output by top exporter Saudi Arabia.