April 4, 2013
Saudi Arabia’s credit growth is expected to slow next year and in 2015. The rate of commercial bank lending to the private sector, however, has been gathering pace, reflecting a buoyant non oil economy.
April 3, 2013
Egypt is discussing potentially controversial changes to the tax system in an effort to bolster the economy as the IMF starts a visit to discuss a $4.8 billion loan.
Despite continued talk of the death off the printed media, especially with newspapers, a new survey reveals that traditional media is still winning in the region.
As political instability continues in Tunisia, more than two years after the revolution, the north African country is pushing for more tourists in an effort to boost the beleaguered economy.
Lebanese banks said they were reluctant to lend any new Cabinet more money until they see concrete efforts to reduce waste, combat corruption and allow the private sector to take part in the megaprojects in the country.
The food crisis in the Arab world is getting bigger and it is expected to reach $89 billion in 2020, a leading expert claims.
Arab countries in transition needs about $30 billion to finance their needs, a top official of the International Monetary Fund (IMF) said.
April 2, 2013
Abu Dhabi's Ministry of Environment and Water have banned some fishing off the coast of the Emirate in an effort to support stocks.
Boosting consumer confidence in the UAE markets is helping lift the Emirate’s economy.
Financial institutions, especially banks, have to prove that they are both economically and socially useful to continue to have a place in the market, a leading banker has said.
The UAE has pumped in excess of $ 55 billion into foreign markets over the past three decades to emerge as the largest Arab capital exporter.
Dubai's technology market, long associated with so-called 'grey' activity, is slowly becoming more legitimate.
April 1, 2013
February's hike in electricity prices in Egypt,plus last year's increases in the price of gas, means consumers' bills are higher than ever ahead of planned subsidy changes.
Since the revolution that toppled Hosni Mubarak, governments have tried to woo foreign government in an attempt to gain much-needed financial aid, so far totaling $8.5 billion.
The United Kingdom's demand for Qatar's gas is pushing exports from the GCC region to news highs.