Featured Articles

April 21, 2013

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.
On occasions of Muslim persecution around the world the Saudi government is very often one of the first to speak out
11:49 GMT
After months of sectarian violence aimed at Rohingya Muslims in Burma and Saudi Arabia offering aid, has the austere Kingdom forskaen them for oil money?
Lower gold prices in Dubai
08:48 GMT
Gold retailers in flashy Dubai are worried over a slowdown in the supply of the precious metal.
The IMF has reduced its forecast for global economic growth this year to 3.3 per cent
08:31 GMT
Ahead of the spring meetings of the International Monetary Fund (IMF) and World Bank, the IMF has released its latest World Economic Outlook and the news remains gloomy.
Iran's gross domestic product is forecast to shrink 1.3% this year after contracting 1.9% last year
08:26 GMT
Iran’s economy should emerge from a recession caused by international sanctions over its disputed nuclear programme, but not until 2014, a year later than previously forecast, according to the IMF.

April 17, 2013

Jordan’s economy grew by 2.7 per cent in 2012, according to official figures
11:57 GMT
The International Monetary Fund (IMF) expects Jordan’s economy to grow by 3.3 per cent this year and to expand by 3.5 per cent in 2014.
According to the ILO report the lack of an inspection mechanism increased the isolation of domestic workers in private businesses and their mistreatment
11:57 GMT
Expat workers in the Middle East, particularly in the Gulf, are among the most likely group to become victims of human trafficking, according to a new report from the ILO.
Egypt's budget deficit is expected to reach LE185 billion ($26 billion) in the current fiscal year which ends on 30 June 2013
11:34 GMT
A Lack of support among the Egyptian opposition may delay the long-awaited $4.8 billion loan, which requires consensus among political and social groups.
The import of Syrian strawberries has forced Lebanese farmers to slash their prices
08:38 GMT
Agricultural products from war-ravaged Syria are flooding the Lebanese market, north Lebanon farmers said Monday, threatening to take matters into their own hands if the government fails to protect local agriculture.
The UAE is the world's seventh biggest energy producer, with proven oil reserves of 97.8 billion barrels
08:26 GMT
Residents in the UAE have some of the highest energy consumption in the world, but other Gulf states surge ahead.
The International Monetary Fund
08:21 GMT
The International Monetary Fund's (IMF) has cut its global growth forecast, but remains optimistic that growth will return.

April 16, 2013

Renewable Energy Drive Gains Pace in Morocco
08:30 GMT
Ambitious plans to increase renewables in Morocco's energy mix have taken another step closer to completion, following the announcement that Africa's second-largest wind farm is to be built in the south of the country.