April 11, 2013
The Middle East and North Africa (MENA) region is witnessing the fastest growth in the aviation sector, higher than the global average growth rate.
While oil may be the main source of income for many nations, the tourism industry is poised to overtake it very soon, a minister from South America said in Abu Dhabi.
April 10, 2013
Morocco's Prime Minister Benkirane’s government needs to take significant action to satisfy a young population that is demanding wide-ranging reforms, writes Bassam Aoun.
A study prepared by the International Labour Organisation (ILO), which was revealed on Tuesday, showed that the highest rates of human trafficking were registered in the Middle East.
The utilities sector has remained a key ingredient to the success of the UAE economy for more than four decades as the country’s leadership has ensured uninterrupted power supply to its residents and business establishments.
The deputy director of the Middle East and Central Asia department at the International Monetary Fund (IMF) Edward Jameel warns that it will be near impossible for Sudan to secure debt relief, despite reforms.
Lebanon’s GDP is expected to grow at 1.4 percent in 2013 in the face of mostly poor economic indicators, according to a report by global bank HSBC.
The UAE's GDP will rise by more than 15 per cent by 2022 to amount to $75.4 billion on annual basis, according to a report by the World Travel and Tourism Council (WTTC).
April 9, 2013
The regional capital markets in the Middle East and North Africa recorded a twenty-fold increase in capital raised during the first quarter through three IPOs.
As Egypt cancels its planned capital gains tax changes, the decision shows an economy in disarray.
Officials in Cairo hope increases in household electricity prices will take some pressure off national power grid this summer, amid mounting concerns over Egypt's ability to import enough fuel to meet energy needs.
The UAE’s $20 billion civil nuclear programme is on schedule with the country’s first nuclear reactor slated to start operations in 2017.
With enabling ICT policies and focus on digitization, the South Asia and the Mena region can realize a $1.3 trillion cumulative impact on its GDP by 2020, creating more than 7.2 million new businesses and 13 million new jobs, a report said.
April 8, 2013
Despite lucrative gas fields in Algeria's south, unemployment remains an issue that the government is struggling to resolve.
As the Syrian civil war continues, Western sanctions on the regime are hurting the population while the regime appears unfazed.