Featured Articles

May 1, 2013

Oil and gas supermajors are among the 46 international energy firms that prequalified earlier this month to bid for offshore hydrocarbon exploration contracts in Lebanon
09:25 GMT
Lebanon Tuesday officially launched the first oil and gas licensing round as officials warned that any delay in issuing the decrees by any new Cabinet could postpone the offshore drilling and exploration in the east Mediterranean.

April 30, 2013

Post-revolution labour strikes, social struggles on rise in Egypt
12:43 GMT
Despite the promise of a new society following the January 25 revolution, industrial action has doubled compared to 2010, according to a new report.
The real estate sector is also seen as an alternative to investing in the Kuwait Stock Exchange
12:22 GMT
The real estate sales in Kuwait registered a solid 19 per cent year-on-year (y/y) growth in March to hit KD293 million ($1.02 billion) after two months of weak sales, said a report.
The Lebanese look down on Syrian refugees
11:52 GMT
As the Syrian conflict enters its third year, with no signs of abating, refugees in Lebanon are starting to lay down roots and begin a new range of businesses.
The UAE student population has expanded by seven per cent in the last five years
09:38 GMT
As more UK educational institutions open up in the UAE, these links are strengthening the historical relationship between to the two countries.
UAE nuclear plants designed to withstand earthquakes
09:15 GMT
The UAE’s nuclear facilities are designed to withstand the frequency and gravity of Korea’s quakes — of a much graver and of a much larger magnitude than those occurring here in the Gulf region, nuclear energy experts have assured.
Egypt is in dire need of a conclusion to this financing deal
09:12 GMT
Egypt's negotiations with the IMF hit a yet another stumbling block recently when Cairo's chief negotiator resigned, and as the sage continues to rumble on, what is just rhetoric from Washington and Egypt, and what is the reality?

April 29, 2013

New bill could encourage both domestic and International investment
12:28 GMT
New laws in Yemen could boost both internal and external investment, as the country's economy continues to struggle.
The passenger traffic surged by 20.6 per cent to hit a record 5.84 million the highest since August 2012
11:51 GMT
Dubai International, the world’s second busiest international hub, registered a record 5.8 million passengers in March according to the monthly traffic report issued by Dubai Airports on Monday.
The IMF has reportedly voiced its dissatisfaction with the amendments Egypt made to the November economic program
11:46 GMT
As negotiations between Egypt and the IMF continue, as Cairo slashes public spending in a new age of austerity, is parsimony really the right path for the newly democratic country?
SMEs in UAE need more funding support
08:41 GMT
SMEs in the UAE have said they need more support, especially in gaining access to much needed credit lines.
The only law on commercial fraud in practice in the country was drafted in 1979
08:24 GMT
The UAE will step up efforts to fight fraud and trade in fake goods, with unscrupulous traders facing up to two years in jail, and a fine, according to a new draft law.
Opec dropped individual allocations in 2011 when it adopted a 30-mbpd output target
08:11 GMT
Oil-rich Libya is pushing for a bigger role in OPEC as it seeks to rejuvenate its hydrocarbon sector following the revolution that ousted Muammar Gaddafi.

April 28, 2013

QNB Group has said the IMF's predications for the MENA region are too optimistic
11:40 GMT
QNB Group, Qatar's first commercial bank, has said that it thinks that the IMF's predictions for MENA economies is too optimistic and the trend of downward revisions to forecasts is likely to continue.
The UAe is hoping to be able to slash prices for Ramadan by 30 per cent
11:17 GMT
The UAE's Ministry of Economy is hoping to bring about a 30 per cent price slash on Ramadan-related commodities once the Holy month begins in July.