April 30, 2013
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'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 laws in Yemen could boost both internal and external investment, as the country's economy continues to struggle.
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.
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 the UAE have said they need more support, especially in gaining access to much needed credit lines.
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.
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, 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'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.
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.