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April 23, 2013

UAE central bank chief urges oil exporters to diversify more
09:40 GMT
UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi said oil-exporting nations in the region must adjust their policies in response to lower global demand and an anticipated decline in commodity prices.
Emirates still had on order 73 777 wide-body aircraft valued at $23 billion — six were 777 freighters and 67 of the largest 777, the -300ER
09:19 GMT
The six nations in the GCC are expected to becoming the hub for global air travel, according to a new report.

April 22, 2013

Farm owners hit out at gov’t over recruitment ban
12:33 GMT
Following Jordan's crackdown on migrant workers in the country, farm workers are demanding better wages.
The updated database foresees the capacity reaching 191.2 million tonnes by 2020
12:06 GMT
The GCC petrochemicals and chemicals capacity is forecast to soar 50 per cent by 2020, latest figures suggest.
Recent price inflation was largely driven by broad-based increases in food and non-food prices
11:58 GMT
According to new poll, 82 percent of Egyptian consumers believe recent spate of inflation will affect their lifestyles and spending habits.
Moroccan hackers attack sites in Oman
09:56 GMT
Oman was targeted by Moroccan hackers on Sunday, according to the head of Google's MENA enterprise partner.
90% of consumers are happy with the current state of the economy and 95% are anticipating a stronger economic performance in 2013
09:31 GMT
Consumers are very optimistic about the performance of the Dubai economy in 2013 with an overwhelming majority expecting better job prospects, the Dubai Department of Economic Development announced on Sunday.
Oman's economy would maintain a moderate growth rate, which will average 3.8 per cent to 2018
09:20 GMT
The International Monetary Fund is predicting Oman's economy to grow by 4.2 per cent this year.

April 21, 2013

International and local firms vie for talent at FORWARD job fair
12:15 GMT
Despite efforts by organizers and local NGOs to focus on reversing Lebanon’s ongoing brain drain, international companies remain the top attraction for job seekers at this year’s Forum for Orientation and Recruitment (FORWARD).
The platform that the race produces presents a fabulous shop window for Bahrain
11:53 GMT
As protests flare up across Bahrain and fears grow for human rights abuses, top officials are trying to regain the upper-hand to discuss the economic benefits.
The total value of real estate transactions in Bahrain grew by 46 per cent in 2012 compared to the year before
11:44 GMT
The real estate sector in Bahrain has ‘bottomed out’ in terms of rental rates and sale prices during the first quarter, according to new research.
Central Bank: Qatar's promised $3 bn in aid not yet received
08:17 GMT
Central Bank of Egypt Governor Hesham Ramez said Egypt has not yet received a Qatari deposit of US$3 billion intended for buying bonds.
Adoption of renewable energy is part of the UAE's commitment to the developing world
08:14 GMT
UAE, a major oil-producing country, is spearheading a number of renewable energy project in the Middle East, Africa and Europe.

April 18, 2013

Wild fisheries only produce about 400,000 tons of fish per year - which amounts to about 35% of the annual fish catch
12:39 GMT
With Egypt's economy struggling and the cost of living increasing, Alexandria's fishermen are feeling the strain.
UAE human trafficking fight records victory
11:54 GMT
Just days after the ILO revealed that the MENA region is the world's hotspot for human trafficking the UAE has announced new laws to deal with the crime and safeguard victims.