Featured Articles

July 30, 2012

The first half of 2012 saw the deficit climbing 22.5 percent, or around $1.6 billion, to reach $8.71 billion, compared to $7.11 billion in the same period of 2011
10:50 GMT
Economists and business leaders predict a bleak economic picture of Lebanon this year in light of falling foreign direct investments, plummeting tourism, a widening trade deficit and a war raging across Lebanon’s only accessible neighbor.

July 29, 2012

The MENA infrastructure and construction market is among the world’s most attractive given its sheer size
13:41 GMT
Over the next 15 years, the MENA construction sector will be a key beneficiary of the implementation of structural reforms to raise productivity of the non-oil sector.
Around 180,000 patients came for treatment in the Kingdom’s hospitals in 2011, compared to around 220,000 the previous year, according to PHA figures
13:10 GMT
Jordan’s medical tourism sector remains among the most robust in the Middle East but must address several challenges to retain its competitive, according to a sector representative.
As demand on products and services increases, businesses produce more and hire more workers, reducing unemployment
09:31 GMT
A minimum wage high enough to provide decent living conditions for workers and their families, paying for their basic needs, would do wonders to the economy.

July 26, 2012

Saudi Arabia is set to take the lead in regional infrastructure investment and construction spending
13:22 GMT
Saudi Arabia will take the lead in terms of construction spending in the MENA region as the Kingdom responds positively to pressing social needs such as labor, housing and education.
Youth unemployment is one of the major challenges facing GCC economies
13:02 GMT
The study said the joblessness problem among the young generations is “more acute” than the rate among other groups.
Funds need to come from somewhere, and save for additional taxes, the only remaining option is more debt, a measure that will surely cause alarm among international rating agencies and the International Monetary Fund
08:07 GMT
Allocating more funds for the salary hike will cost the treasury an additional $1.2 billion, causing the deficit to rise much higher than the projected 26 percent at the end of 2012.

July 25, 2012

In the long-run, Sukuk markets are likely to continue to grow as Islamic finance increases its share of the financial markets in the GCC, but that does not mean the growth will occur along a straight line
13:43 GMT
One of the most surprising indicators of how much demand for Sukuk has rebounded is that the Dubai sovereign Sukuk - issued by the very sovereign that was at the centre of a storm in December 2009 - has seen its yield drop from 6.396 percent when it was issued to just 3.2 percent yesterday.
The rise in inflation, reflects the turbulent economic times in the new nation
13:21 GMT
South Sudan's annual inflation increased by 74% from June 2011 to June this year, while the country witnessed an upsurge in consumer price index by 1.7% from May 2012 to June.
Hospitality recorded the most notable growth with 35 percent over the year in June
13:05 GMT
In the Middle East, UAE is number one for online job opportunities as the country registered a robust annual growth of 33 percent, according to the latest edition of the Monster Employment Index.

July 24, 2012

According to experts, competition will be tough since the new mortgage law ensures the fairness of the transaction and the safety of the financial system
13:20 GMT
Real estate and banking officials told Arab News that Saudi Arabia would offer a bunch of facilities to investors in a bid to attract more foreign investment.
Fast growth is bringing even faster change to the luxury sector
13:01 GMT
According to a new study, the Middle East luxury market will grow by 15 percent this year leading the strong performance of the worldwide luxury market.
Any inappropriate Facebook profile, posts and photos could cost job candidates their next job
12:33 GMT
According to a new study, many employers are using Facebook profiles of job candidates to filter out weaker applicants based on perception of lifestyle, attitudes and personal appearance.

July 23, 2012

The UAE’s Jebel Ali port is a major regional products blending hub and an important fuel storage also
11:29 GMT
Securing strategic oil storage space at Fujairah has been a top priority for oil producers and trading houses.
The report revealed that some ten trillion dollars that has been stashed in off-shore accounts is owned by only 92,000 people, or 0.001 percent of the world's population
10:08 GMT
The wealthiest people in the world have hidden a staggering 21 trillion dollars or more in offshore accounts, according to a report.