Featured Articles

April 4, 2013

Saudi banks are said to be shifting toward a more conservative stance this year, at least on the corporate side
08:41 GMT
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 mulls tax on bank loans and shares in controversial reforms
12:50 GMT
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.
Print continues to be the number one choice for organisations in the Middle East and North Africa due to its effectiveness in transmitting a message to the end- user
12:28 GMT
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.
The tourism sector is one of the country's largest employers, with 350,000 people
12:17 GMT
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.
More loans to state contingent on reforms
09:18 GMT
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.
Agriculture investment in the Arab world don’t exceed 8 per cent of the total investment in the region
08:38 GMT
The food crisis in the Arab world is getting bigger and it is expected to reach $89 billion in 2020, a leading expert claims.
IMF is not the only source of financial support to these Arab countries while GCC are some of the main supporters
08:29 GMT
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

Two-month ban on fishing Al Badah in Abu Dhabi
13:44 GMT
Abu Dhabi's Ministry of Environment and Water have banned some fishing off the coast of the Emirate in an effort to support stocks.
Consumer confidence boosts UAE economy
13:17 GMT
Boosting consumer confidence in the UAE markets is helping lift the Emirate’s economy.
Banks need to fuse commercial, social market presence
10:43 GMT
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.
UAE largest Arab capital exporter
09:43 GMT
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 technology grey market turns a few shades lighter
08:45 GMT
Dubai's technology market, long associated with so-called 'grey' activity, is slowly becoming more legitimate.

April 1, 2013

Egyptian households see energy prices increase
12:21 GMT
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.
Government pursues foreign aid
12:18 GMT
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.
Qatar drives GCC exports to the UK
09:37 GMT
The United Kingdom's demand for Qatar's gas is pushing exports from the GCC region to news highs.