November 26, 2012
The Gulf Cooperation Council (GCC) has said that it is in a better place for reform in the new Middle East after the 'Arab Spring'. A leading figures in the organisation says that it is time to grab the opportunity for reform , but is it all just hot air from the hot region?
Fears are growing of a a new SARs-like virus that has been found in Saudia Arabia and Qatar, with only sixth reported deaths so far. Should a pandemic occur, this could cause more than a headache for the region's businesses as staff fall ill.
For a stabile global financial system, green development and sustainable economic development is the only way forward to create a viable economy that is safe for future generations.
The Saudi government cold be sitting pretty with its latest efforts at 'Saudization', as it attempts to fulfil its promise to create more jobs for local workers and will see a huge increase in revenue from fines levied at firms employ migrant workers.
With 191 countries and the European Union as members, the Kyoto Protocol is the only global treaty with binding limits on climate-altering greenhouse gases, and there are fears that the Doha talks are the last opportunity to find a suitable replacement.
November 25, 2012
Almost a decade after the American-led invasion saw the downfall of Saddam Hussein, the Iraqi economy is slowly rebuilding, with some economists predicting that the country will be the fastest growing on earth, helped high crude oil prices.
Unemployment in Saudi Arabia has been a constant problem for several years. Now the Kingdom is attempting a process of 'Saudization', replacing expat-workers with local staff and fining companies that employ more foreign-national workers than Saudi Arabian.
Last orders has been called on an illegal bazaar in the Jebel Ali district of Dubai as authorities try to stop the sale of alcohol and illegal goods that are sold are prices designed to lure many of the underpaid workers in the city.
Measures to protect public funds and assets from misuse in Jordan are still not as effective as they should be, according to the Kingdom’s chief auditor, who called for granting the Audit Bureau wider authorities to combat corruption in government
The economic impact of the Arab Spring revolutions is a natural part of region’s course to democracy but urgent action is needed to curb unemployment and fiscal deficits, experts and officials said at an economic forum last week.
Bahrain and the UAE top an economic freedom report, compiled and published by the Fraser Institute in conjunction with Friedrich Naumann Foundation for Liberty, despite ongoing concern over human rights abuses.
November 22, 2012
The Middle East is no longer dependent on executive expertise from Western expatriates, said an expert, adding that those already in the region are too expensive.
Organic food in the United Arab Emirates is being certified under new regulations in the hope to gove consumers greater confidence in the industry.
In a unipolar 'dollarised’ world, no region or country is immune to a global crisis. As the economies of the Middle Eastern countries grow and gradually become integrated with the global economy, they also become affected by the crisis.
Lebanon's industrial exports fell 11.3 percent in the first nine months of 2012 compared to same period in 2011, an Industry Ministry report showed Wednesday.