Featured Articles

April 22, 2013

90% of consumers are happy with the current state of the economy and 95% are anticipating a stronger economic performance in 2013
09:31 GMT
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.
Oman's economy would maintain a moderate growth rate, which will average 3.8 per cent to 2018
09:20 GMT
The International Monetary Fund is predicting Oman's economy to grow by 4.2 per cent this year.

April 21, 2013

International and local firms vie for talent at FORWARD job fair
12:15 GMT
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).
The platform that the race produces presents a fabulous shop window for Bahrain
11:53 GMT
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.
The total value of real estate transactions in Bahrain grew by 46 per cent in 2012 compared to the year before
11:44 GMT
The real estate sector in Bahrain has ‘bottomed out’ in terms of rental rates and sale prices during the first quarter, according to new research.
Central Bank: Qatar's promised $3 bn in aid not yet received
08:17 GMT
Central Bank of Egypt Governor Hesham Ramez said Egypt has not yet received a Qatari deposit of US$3 billion intended for buying bonds.
Adoption of renewable energy is part of the UAE's commitment to the developing world
08:14 GMT
UAE, a major oil-producing country, is spearheading a number of renewable energy project in the Middle East, Africa and Europe.

April 18, 2013

Wild fisheries only produce about 400,000 tons of fish per year - which amounts to about 35% of the annual fish catch
12:39 GMT
With Egypt's economy struggling and the cost of living increasing, Alexandria's fishermen are feeling the strain.
UAE human trafficking fight records victory
11:54 GMT
Just days after the ILO revealed that the MENA region is the world's hotspot for human trafficking the UAE has announced new laws to deal with the crime and safeguard victims.
On occasions of Muslim persecution around the world the Saudi government is very often one of the first to speak out
11:49 GMT
After months of sectarian violence aimed at Rohingya Muslims in Burma and Saudi Arabia offering aid, has the austere Kingdom forskaen them for oil money?
Lower gold prices in Dubai
08:48 GMT
Gold retailers in flashy Dubai are worried over a slowdown in the supply of the precious metal.
The IMF has reduced its forecast for global economic growth this year to 3.3 per cent
08:31 GMT
Ahead of the spring meetings of the International Monetary Fund (IMF) and World Bank, the IMF has released its latest World Economic Outlook and the news remains gloomy.
Iran's gross domestic product is forecast to shrink 1.3% this year after contracting 1.9% last year
08:26 GMT
Iran’s economy should emerge from a recession caused by international sanctions over its disputed nuclear programme, but not until 2014, a year later than previously forecast, according to the IMF.

April 17, 2013

Jordan’s economy grew by 2.7 per cent in 2012, according to official figures
11:57 GMT
The International Monetary Fund (IMF) expects Jordan’s economy to grow by 3.3 per cent this year and to expand by 3.5 per cent in 2014.
According to the ILO report the lack of an inspection mechanism increased the isolation of domestic workers in private businesses and their mistreatment
11:57 GMT
Expat workers in the Middle East, particularly in the Gulf, are among the most likely group to become victims of human trafficking, according to a new report from the ILO.