Featured Articles

May 5, 2013

 A wheat field with straw bales is pictured on September 2, 2012 in Bad Neustadt, Germany
12:04 GMT
A report published recently in this paper on the Kingdom’s decision to stop producing wheat locally and depend on imports mirrors the regional issue of food security and the need to tackle it on that level.
A picture of Dubai palm beach
11:03 GMT
Scams are a growing business. It is estimated that scammers make off with $2.92 billion from Americans and 3.5 billion pounds from Britons every year.

May 2, 2013

Egypt-IMF deal pending updated reform plan
14:02 GMT
IMF officials are awaiting updated figures from Egypt in order to re-assess the viability of the proposed $4.8 billion loan.
Syrian pound has lost about 60 percent of its value against the U.S. dollar in two years
13:46 GMT
Despite threat of violence, as Syria's civil war heads closer to Damascus investors are heading back to Lebanon to find cheap deals on the bourse.
Iran's economy declines as sanctions bite
13:28 GMT
Western sanctions on Iran, the most severe it's ever faced, are biting deeper than ever, U.S. statistics indicate, with Iranian oil exports tumbling to a 26-year low only weeks before a presidential election.
The GCC imports 90 per cent of its drug requirements has been one factor in health care inflation costs
09:03 GMT
The “Made in the UAE” label is starting to stick in the global pharmaceutical industry.
A 14.2 per cent rise in the capacity of region’s carriers boosted load factor one percentage point to 79.7 per cent
08:58 GMT
Middle East carriers experienced the strongest traffic growth for any region in March at 15.6 per cent year-on-year, according to the latest statistics released by IATA.
46 per cent of parents in Abu Dhabi pay 21 per cent or more of their household income on their children’s school fees
08:47 GMT
Education is a major expense in the UAE with one in five families spending more than 30 per cent of their monthly household budget on school fees, a new school survey has revealed.

May 1, 2013

The number of work-related injuries in Egypt dropped by 7 percent in 2011 on the previous year
12:13 GMT
New figures released by Egypt's statistics agency reveal sharp decline in work-related accidents in 2011; experts, however, question data's veracity.
Many have to keep working through Labor Day holiday
12:10 GMT
Lebanon will take a holiday Wednesday to mark Labor Day, but many of the workers who are being celebrated will turn up to their jobs as usual to keep money in their pockets and food on the table.
About 70 per cent think firms will hire more sales and marketing employees and 40 per cent highlight operational staff
11:58 GMT
As many as 89 per cent of Middle Eastern businesses are planning to increase or maintain headcount this year, a report said, highlighting a strong emphasis on recruitment in sales and marketing departments.
Middle East investors line-up to buy property in Northern Cyprus
09:49 GMT
Despite negative perceptions about property ownership in North Cyprus, there has been an increase in the number of Middle East investors acquiring property in the area,
Many such laborers spend the better part of the day cleaning and repairing suspended from platforms several feet above ground
09:45 GMT
While more than 80 countries celebrate International Labor Day Wednesday, for workers in factories, farms and building sites throughout Lebanon, it will be just another day of coping with the unregulated daily dangers associated with their trade.
Oil and gas supermajors are among the 46 international energy firms that prequalified earlier this month to bid for offshore hydrocarbon exploration contracts in Lebanon
09:25 GMT
Lebanon Tuesday officially launched the first oil and gas licensing round as officials warned that any delay in issuing the decrees by any new Cabinet could postpone the offshore drilling and exploration in the east Mediterranean.

April 30, 2013

Post-revolution labour strikes, social struggles on rise in Egypt
12:43 GMT
Despite the promise of a new society following the January 25 revolution, industrial action has doubled compared to 2010, according to a new report.