Featured Articles

December 11, 2012

The U.S. is expected to become energy self-sufficient in 2020, and to become an oil exporter by 2030
09:35 GMT
It's not new news, but the notion that the United States is no longer depending on the Middle East for oil as it retires out of the region it once had the hots for is all the buzz on the global street. Is the US really turning its back on the Arab and Muslim world in favor of the far East?

December 10, 2012

More than one third (37%) of industry employees are satisfied
13:29 GMT
According to a recent survey, telecom workers are among the most satisfied professionals in the MENA region.
Solar energy
12:53 GMT
MENA is set to pump even more money into renewable energy projects over the next 12 months, according to an industry expert.
The virtue of Islamic finance is the creation of real value in the economy thus creating real growth and jobs
10:27 GMT
Saudi banks are doing a good job in the field of Shariah-compliant financing and are creating more excitement in the world about the industry, says SEDCO Capital CEO Hasan S. AlJabri.

December 9, 2012

The experts said spending on mobile advertising, especially on mobile display ads, in the Middle East is expected to reach $10 million in 2012
12:14 GMT
Spending on mobile display advertisements is expected to boom in Jordan and the rest of the Middle East countries in the coming years due to growth in the number of mobile phone holders, according to experts.
Amid the buzz over solar, countries have begun rolling out ambitious renewable targets
08:44 GMT
With its vast deserts and long stretches of sunny days, the Middle East would seem to be an ideal place to harness solar energy.
Pricing is an involved process, entailing price reporting agencies (most prominently Platts and Argus) in a central role
07:30 GMT
Differing grades and disturbances among traditional benchmarks and spreads means there is no such thing as the price of oil.

December 6, 2012

More than 750,000 new entrants to the labour market every year, the unemployment rate in Egypt has been on the rise
12:12 GMT
Egypt's Prime Minister Hesham Qandil described the times we are passing through as “challenging”, but reaffirmed the governments plan to create 750,000 jobs by helping small businesses.
CCS is the process of collecting waste carbon dioxide from places where it is heavily produced as a byproduct
11:02 GMT
The UAE plans to invest in Carbon Capture and Storage (CCS) to use carbon dioxide for oil extraction, to both protect the environment and prepare for a time when oil levels get lower in the country, experts have said at the COP18 climate talks in Doha.
Islamic financial institutions are offering various deposit products on the basis of Wakala and Mudaraba, which are reliable sources of Sharia-compliant income for depositors
11:01 GMT
The success of sukuk issuances by financial institutions underline the tremendous potential of Islamic finance industry, experts have said, as the industry goes from the strength to strength.
It is estimated that the government owes the NSSF in excess of $500 million in arrears since the beginning of the year
09:09 GMT
Leading Lebanese businesses voiced their total rejection Wednesday of a Cabinet decision to hike a ceiling on National Social Security Fund fees, as private hospitals and labor unions hailed it as step toward improving the fund’s services.
Public-private partnerships (PPPs) is the long-term solution to increase the supply of affordable housing in the market
08:49 GMT
The government in the UAE needs to give the private sector more incentives to encourage investment in the affordable housing market, which traditionally has low profit margins, industry experts said.
Gold buying by the global central banks will hit a new high this year as they look for safe heavens
03:00 GMT
Gold buying by the global central banks will hit a new high this year of more than 500 tons up from 465 tons in 2011, according to new data, as they look for safe investments.

December 5, 2012

Saudi Arabia is currently undergoing a major metamorphosis with several major rail projects being built on a 7000km network
11:05 GMT
Saudi Arabia is expected to invest $45 billion for establishment of its mammoth 7000 km railway network which will include major projects such as the Saudi landbridge, Haramain High Speed Rail and the GCC Rail network.
Growth in the Middle East has slowed but the region is still outperforming much of the world, according to ICAEW’s latest quarterly report
10:47 GMT
Economies in the Middle East need to diversify and remove their dependency on oil, es experts warn that growth in the region is slowing and that without non-oil revenues, nations won't be able to sustain current spending patterns.