October 30, 2012
Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their budgets more sustainable, as their combined surplus could turn into a deficit around 2017, the International Monetary Fund said yesterday.
Over half of Lebanese cannot afford to save money while two thirds face difficulties securing food and other necessities, a Finance Ministry survey showed Monday as inflation figures soared in first nine months of 2012.
Oil, often referred to as black gold, it can make a country and wealthier than they ever imagined, but there is a dark-side to the black stuff. It has lead to the deaths of many where good geology has led to bad politics.
October 29, 2012
The Gulf Cooperation Committee is doing relatively well in the face of the globale economy that is beset by the Eurozone, the US's so-called 'fiscal cliff', and a slowdown in China, but what is the future for the organisation?
It's an age old question in every household, one bound up in tradition and custom, but who are the better money managers for your house? A new survey has set out to found out, with potentially interesting answers.
Trade union leaders in Egypt are joined in opposing the Muslim Brotherhood’s approach to rights and freedoms for union action.
October 28, 2012
The Central Bank of Iran is planning to introduce a second official currency exchange rate for imports, Mehr news agency has recently reported. The new measure, which should be implemented within the next few weeks, has been approved by the government.
While thousands across the country enjoyed the Eid festivities and took the chance to get some rest and relaxation, many dedicated residents were out in force working through the holiday to keep the country running smoothly.
For decades, Lebanese farmers have been working the fields along the banks of the river Assi inside Syrian territory. Over the last few months, armed groups have repeatedly assaulted many of their villages, leaving death and destruction in their wake.
October 25, 2012
Moukheiber Habshi, a member of the founding committee of the Spinneys-Lebanon workers union, was assaulted Monday night by attackers in the latest round of violence trying to sabotage their activity.
Despite the run up to Eid, when customers usually throng the shopping districts of Amman, many retailers are complaining that sales have been down compared to last year, and are blaming the worsening economy in the Kingdom.
Saudi Arabia has a huge potential to be a catalyst for growth in the global market for green building materials, an industry which is expected to reach $406 billion by 2015 as the Kingdom seeks to diversify its exports.
An online shopping revolution is happening in Egypt. Gone are the days of slow, frustrating websites. A new company is offering almost everything you could want, promising to offer value and choice, but will we see a Silicon Cairo?
Qatar considers acquiring major stakes in investment banks in Europe, sources told Al Arabiya, noting that the negotiations are currently underway with seven banks suffering from accumulated financial crises caused by the economic recession in Europe.
The conventional stock market wisdom is failing the global economy. In the wake of further poor results from leading companies, is it time to readdress what we know about the roulette wheel of the stock market?