April 24, 2013
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.
According to new poll, 82 percent of Egyptian consumers believe recent spate of inflation will affect their lifestyles and spending habits.
Oman was targeted by Moroccan hackers on Sunday, according to the head of Google's MENA enterprise partner.
Consumers are very optimistic about the performance of the Dubai economy in 2013 with an overwhelming majority expecting better job prospects, the Dubai Department of Economic Development announced on Sunday.
The International Monetary Fund is predicting Oman's economy to grow by 4.2 per cent this year.
April 21, 2013
Despite efforts by organizers and local NGOs to focus on reversing Lebanon’s ongoing brain drain, international companies remain the top attraction for job seekers at this year’s Forum for Orientation and Recruitment (FORWARD).
As protests flare up across Bahrain and fears grow for human rights abuses, top officials are trying to regain the upper-hand to discuss the economic benefits.