Featured Articles

May 7, 2013

 IMF Managing Director Christine Lagarde (L) greets Somalia's Bank Governor Abdusalam Omer (R) during a meeting with members of MENA, April 21, 2013 at the IMF Headquarters in Washington, DC.
13:43 GMT
A recent World Bank report says most African countries' impressive economic growth over the last decade has largely been a result of the abundance of extractive resources and high prices on international markets.
Oman expects boost in hotel development in 2013/2014
13:32 GMT
Mohammed Mahfoodh Al Ardhi, chairman of Sundus Investments and Vice Chairman of National Bank of Oman, sounded upbeat over the growth prospects of Oman's hospitality sector.
Gold closed at $1,470.75 an ounce on Sunday. But the jewellery trade believes there is another spurt of buying at the retail level starting from last weekend and lasting all the way to May 13
11:58 GMT
It was set off by a buying and selling frenzy in the 10 days from the afternoon of April 11, when gold prices took a dive, and saw volumes of gold touch 2-2.5 tonnes a day against the average of 1-1.5 tonnes a day in more sedate times.
Social media seminar in Sudan
11:57 GMT
Restrictions on press freedoms shouldn't preclude the development of other media in Sudan, a forum in Khartoum on journalism's digital revolution heard on Saturday.
As investors wait for the Federal Reserve's policy-making committee to conclude its two-day meeting, the Dow Jones industrial average, S&P 500 and the Nasdaq all declined 0.4% in morning trading. (Photo by Spencer Platt/Getty Images)
11:51 GMT
David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on ‘Market Makers’ that the Federal Reserve’s QE program is ‘the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there’ to figure out how to properly exit.
King Abdullah Bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, greets guests during the inauguration of King Abdullah University of Science and Technology (KAUST) on September 23, 2009 in Thuwal, Saudi Arabia.
10:55 GMT
The priority given to Saudi Arabia’s infrastructure development is yielding dividends, says Abdulaziz M. Al-Angari, board member and vice president of Al-Angari Holding Company.

May 6, 2013

The Kingdom’s trade surplus grew from SR 150.65 billion in 2002 to SR 874.17 billion in 2011, according to official data.
13:22 GMT
KSA's trade balance has improved drastically over the last decade, according to a new national report
Google's new year's doodle
11:47 GMT
From its humble beginnings the company has grown into one which has become almost unavoidable online and in some cases offline, as it also owns the loss-making Motorola Mobility mobile phone maker.
Saudi housing sector growth fastest in Middle East
11:37 GMT
According to the statistics that have been conducted in 2013 Saudi Arabia is a country of approximately 18 million citizens with a land area of about 1.96 million square kilometers.
Local leaders have urged Emiratis to prioritise knowledge and personality development over fancy job titles.
11:03 GMT
Local leaders have urged Emiratis to prioritise knowledge and personality development over fancy job titles.

May 5, 2013

 A wheat field with straw bales is pictured on September 2, 2012 in Bad Neustadt, Germany
12:04 GMT
A report published recently in this paper on the Kingdom’s decision to stop producing wheat locally and depend on imports mirrors the regional issue of food security and the need to tackle it on that level.
A picture of Dubai palm beach
11:03 GMT
Scams are a growing business. It is estimated that scammers make off with $2.92 billion from Americans and 3.5 billion pounds from Britons every year.

May 2, 2013

Egypt-IMF deal pending updated reform plan
14:02 GMT
IMF officials are awaiting updated figures from Egypt in order to re-assess the viability of the proposed $4.8 billion loan.
Syrian pound has lost about 60 percent of its value against the U.S. dollar in two years
13:46 GMT
Despite threat of violence, as Syria's civil war heads closer to Damascus investors are heading back to Lebanon to find cheap deals on the bourse.
Iran's economy declines as sanctions bite
13:28 GMT
Western sanctions on Iran, the most severe it's ever faced, are biting deeper than ever, U.S. statistics indicate, with Iranian oil exports tumbling to a 26-year low only weeks before a presidential election.