April 28, 2013
Egypt's fuel subsidy reform programme is moving ahead on schedule and is not the reason why a deal with the International Monetary Fund (IMF) has stalled, Minister of Petroleum Osama Kamal has said.
April 25, 2013
As the Egyptian economy continues to struggle after two years of political instability after the January 25 Revolution, unemployment in the beleaguered nation is only set to get worse.
Two Lebanese currency exchange firms accused of money laundering by the United States Treasury Department have vehemently denied the allegations, saying they were considering legal action to clear their names.
Merger and Acquisitions in the MENA region are booming, registering a 100 per cent increase in the first quarter of 2013.
April 24, 2013
Fitch Ratings said the $1.75 billion stand-by arrangement (SBA) agreed by the Tunisian authorities and IMF staff will provide the crucial support for the economy.
Fresh analysis of offshore seismic surveys of Lebanon are showing that tapping into Lebanon’s gas wealth might be easier than first thought, experts have said.
The International Monetary Fund (IMF) released a report showing that Middle East and North Africa (MENA) governments spend $236.7bn in energy subsidies, which is 50% of the $480.6bn total energy subsidies bill footed by governments worldwide.
April 23, 2013
Egypt's deal with the IMF is long-running and seemingly never ending, but is no news good news?
Qatar plans to fund at least $70 billion worth of domestic transport projects, with the rail and metro network claiming more than $35 billion in the next ten years.
The majority of Saudi nationals save less than 10 percent of their monthly income, according to a new survey.
Lebanese offshore gas may not produce a big windfall for the country's beleaguered economy as it enters a changing energy market.
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.
The six nations in the GCC are expected to becoming the hub for global air travel, according to a new report.
April 22, 2013
Following Jordan's crackdown on migrant workers in the country, farm workers are demanding better wages.
The GCC petrochemicals and chemicals capacity is forecast to soar 50 per cent by 2020, latest figures suggest.