November 19, 2012
Iranian oil output rose in October after seven months of decline due to Western sanctions and its exports rebounded strongly as China and South Korea bought more oil, the West’ energy watchdog said.
The US will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017, the West’s energy agency said, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency.
November 18, 2012
Lebanon's economy has had a tough year. The Syrian conflict has hit the country hard, public sector workers held stikes over pay increases, and a bombing in Beirut have all taken their tole, but growth should remain, albeit at a lower 2% rate.
The long-awaited International Monetary Fund loan to Egypt still rests behind a smokescreen, not helped by secretive government officials who are refusing to discuss the details of the deal, so what is it really about?
Jordan's Prime Minister Ensour has said that the decision to increase the cost of fuel and cooking gas as aprt of a wide ranging austerity drive is a necessary medicine that the Kingdom must take if the economy is still to regain health.
The Saudi Ministry of Labour will address private business concerns over the fees charged to companies for expatriate workers if their numbers exceed those of Saudi employees
The International Monetary Fund has said that it is ready to offer advice and assistance to the North African country that is still beset by economic woes after the revolution that removed President Ben Ali from power.
Uncertainties are weighing heavily on Arab economies and structural reform is, more than ever, needed to avert falling into a vicious cycle of economic deterioration and unrest.
November 15, 2012
Latin America's growing trade relations with the Gulf countries shielded it from the worst of the economic recession which pummelled their traditional trading partners, a top official said.
Global unemployment is posing a grave risk to the global economy and future stability of regions as policy makers struggle to work out how to create the necessary jobs needed.
In the MENA region, 12 per cent of the adult population has started a private business, compared to an average of 18 per cent in emerging Latin American economies and five per cent in G7 countries, are we witnessing a game changer in MENA business?
The International Monetary Fund said Wednesday that Lebanonâ€™s gross domestic product had been growing at a fast pace in 2010 for the fourth consecutive year.
After two nights of protests across Jordan that have left one person dead, caused by the governments decision to increase fuel and gas prices, is there an alternative way for the Kingdom to increase revenue?
November 14, 2012
The world economy is at a crossroads, with every major region of the world at a potential turning point, according to a new report.
Monday night, the Friends of the Spinneys Workers’ Committee gathered for a sit-in across from the supermarket chain’s Achrafieh branch in Lebanon, but what do the workers want and what else lies behind the dispute?