Featured Articles

May 12, 2013

International Monetary Fund
12:33 GMT
The trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 per cent in 2012 to $2.1 trillion
The South Pars/North Dome field is the world’s largest gas field and is shared by Iran and Qatar.
11:35 GMT
Some $30 billion will be invested in Iran's South Pars gas field in the current Iranian calendar year, the National Iranian Oil Company managing director (NIOC) stated.
Islamic bonds have shown defensive quality while offering yield improvement
11:27 GMT
Islamic bonds have shown defensive quality while offering yield improvement
Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi addresses the audience during a lecture in The Center for Strategic and International Studies (CSIS) in Washington DC in this April 30, 2013 file photo. (AFP)
11:12 GMT
The Kingdom can reduce its dependence on oil revenues by creating a strong sovereign wealth fund (SWF), according to some experts.
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
07:40 GMT
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
The shift is due to the debt problems afflicting the European Union and the Arab Spring
06:06 GMT
While they continue to reduce dependence on energy resources, GCC countries are increasingly spending locally and redirecting a greater portion of foreign investments back into the region.

May 9, 2013

Feral cats crowd a boat in the hopes of receiving scraps from fishermen at a local dock (Photo by Greg Kahn/Getty Images)
12:09 GMT
The Saudi Presidency of Meteorology and the Environment department seeks to develop and activate all possible means, as well as deploy the latest technology, to protect people and properties from the elements and environmental pollution.
Over 90 per cent of online travel queries in the UAE and Saudi Arabia are brand-related
11:25 GMT
Despite the strong trust online customers in the Middle East have for brands, many of them fail to optimise their sites on mobile devices and tablets.
Saudi Arabia’s Green Construction Potential: Insurance for a New Green Economy?
11:16 GMT
Gulf countries should prioritise investing in green energy to sustain their economic and infrastructure growth
Anantara opened its Royal suite at its Abu Dhabi Eastern Mangroves resort in January.
06:48 GMT
The resort will be operated by Anantara Hotels & Resorts, which is opening a resort on Palm Jumeirah in Dubai in September.

May 8, 2013

A photo showing Lebanese construction workers
14:36 GMT
Lebanon’s cement market is an oligopoly controlled by Holcim, Sibline and Cimenterie Nationale, three producers benefiting from government regulation of imports which has effectively been a ban since import licenses were last granted in 2001.
The original plan projected a total of 895 MW of power
14:31 GMT
The US $7.6 billion Climate Investment Funds (CIF) today gave the go-ahead to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan.
 A trading board is seen on the floor of the New York Stock Exchange at the end of the trading day on May 7, 2013 in New York City. (Photo by Spencer Platt/Getty Images)
12:56 GMT
Would anybody in their right minds accept a two to three per cent annual return on an investment selling at an all-time high with a potential to lose half its value and perhaps as much as 10-15 per cent in a single day?
Two in three nurses want out of their jobs
11:10 GMT
The shortage of qualified nurses working in Lebanon could become even more acute if working conditions are not improved, nurses and public health experts warned on the eve of World Nurses Day.
Goldman Sachs tower in New Jersey
06:16 GMT
Brandon Short, a former Goldman Sachs investment banking executive for MENA, will join with two former senior executives from Deutsche Bank to form World Business Partners UAE (“WBP”), a small business finance company based in Dubai.