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March 18, 2013

MENA domiciled assets are booming, according to a new report
MENA domiciled assets booming
14:12 GMT
The total assets of funds domiciled in the Middle East and North Africa (MENA) region increased by three per cent in the first half of 2012, according to a new study.
Yemen's economy continues to suffer following the revolution
Yemen's public finances in disarray
13:46 GMT
As a prelude to the National Dialogue set to take place in Yemen today, donors who have pledged a significant amount of aid to the nation took a seat side by side on March 7th to discuss why disbursement of said funds has been an issue.
Egypt bakeries protest planned reduction of flour subsidies
Let them eat bread: Egyptians protests over planned subsidy reduction
11:25 GMT
Egyptian bakers and bakery owners protest government decision to significantly raise price of flour used to produce subsidized bread.
The GCC private sector is losing
Public sector still king in the GCC
11:15 GMT
The Arab revolutions have reversed GCC government's plans to decrease the size of the public sector in the region by giving people jobs to try and calm potential protest movements.
The development of the algae-for-biofuels industry can be used to supplement the growth of the aquaculture industry in the UAE
Is the UAE about to kick the oil habit?
10:30 GMT
The UAE is planning to become a world leader in biofuels from the algae industry by 2020, joining major countries which have already started practical steps in producing energy and biofuels from the algae industry.

March 17, 2013

Iraq’s Gross Domestic Product reached 10.5 percent in 2012, the highest percentage in the Middle East, and higher than previous expectations
Kurds and US win big in post-war Iraqi contracts
11:30 GMT
Iraq has recorded the highest percentage of economic growth of all Arab economies in the last few years , with the US and Kurdish companies taking the lion's share of profits.
Repairing the damage caused by two years of fighting could cost up to $80 billion
Syria's economy continues to suffer
11:26 GMT
As the Syrian conflict enters its third year,forcing over one million to flee and killing over 70,000, the macro-economic concerns may not be at the forefront of people’s minds. However, the country is facing harsh economic realities, despite the lack of official information.
Of the food lost Yemen, 90 percent of the loss happens before the food even reaches consumers
Waste not, want not in Sana'a's restaurants
10:55 GMT
With almost half of Yemen's population facing difficulties feeding themselves, restaurants in the capital city, Sana'a are finding ways to ensure nothing goes to waste.
No aid to Egypt without democracy, human rights
EU warns egypt over financial aid
08:34 GMT
European Parliament threatens to halt funds to Egypt, citing Port Said death sentences, human rights violations, and lack of political consensus in Egypt.
Lebanese banks in Syria would continue to operate in this country unless the Syrian central bank governor decides to revoke their licenses
Lebanese banks complying with UK and European blacklists
08:01 GMT
Lebanese banks are regularly updating the lists of individuals and groups with suspected links to terrorist organizations in line with strict U.S. and European measures to combat terrorist funding, the secretary-general of the Association of Banks in Lebanon said Friday.
The 13th annual Jeddah Economic Forum is currently being held at the Jeddah Hilton
WEF makes its Saudi debut
07:46 GMT
The World Economic Forum (WEF) will be making its debut in Saudi Arabia on Sunday through a “strategic partnership” with the Jeddah Economic Forum (JEF).

March 14, 2013

Devices spending in the region was likely to reach $29.6 billion in 2013, up 7.7 per cent over last year
Middle East IT spending booming
11:31 GMT
The Middle East region’s expenditure on Information Technology (IT) is projected to hit $192.9 billion in 2013, registering a 5.5 per cent increase from last year.
IBP believes that political turmoil in Egypt and other countries in the region has affected budget transparency
Budget transparency in post-revolution Egypt
11:09 GMT
Egypt was last year's worse performer when it comes to budget transparency, according to new survey highlighting dramatic regression in post-revolution period.
Gas vendors from Marib and Jawf intend to join the men currently protesting outside the Yemeni Gas Company in Sana’a
Yemeni gas vendors take the fight to the government
10:59 GMT
Following a rise in the cost of gas cylinders in Yemen, traders are complaining that the increase in price is harming their ability to turn a profit.
Lebanese authorities would now begin giving high priority to Egyptian products entering the Lebanese market
Egyptian medical products to be boosted in Lebanese markets
07:50 GMT
Ali Hassan Khalil, Lebanon’s health minister, stated recently that Egyptian medical products would be given a high priority within the Lebanese market.