Featured Articles

December 31, 2012

New gas fields have been found in Egypt's Nile Delta Basin
03:00 GMT
Dana Gas, the Middle East's first and largest regional private sector natural gas company, has made two new onshore gas discoveries in the Nile Delta Basin of Egypt.

December 30, 2012

The elections season used to be a major stimulant to the business
12:21 GMT
Jordan is gearing up for parliamentary elections on January 23 in the usual fashion of having posters for candidates hanging from every conceivable place and campaign tents dotted across the city dishing out sweet kunafa to the electorate, but suppliers are warning of a lower spending in this round of elections.
Up to 4,000 jobs within the BDD could be created over the next three to four years, and is adamant that some of these will go to members of the local community
11:10 GMT
Beirut is throwing off the shackles of history and forging a new 'Beta' version of itself for the 21st Century, but is all the digital development good for the Cedar city or is it just gentrification by any other name?
All experts and officials insist that the Lebanese company will not put a penny in the construction of oil platforms because the oil companies will do all the necessary investments
10:42 GMT
Over 40 international oil companies are expected to take part in the first gas tender in Lebanon in February 2013 amid indications that the country’s untapped reserves could be larger than early indications.
The construction industry in Yemen highlights the economic woes of the country
09:04 GMT
Yemen's construction industry is one of the most important sectors of the economy, comprising of two-thirds of national output, but the problems that it faces eloquently highlight the issues that Yemen needs to overcome.
Oil marketing revenues in Oman are set to boom in 2013, a new report shows
08:27 GMT
Oman's oil sector is well known for being highly lucrative, but new research shows the marketing of so-called "black-gold" in the Sultanate is expected to witness strong growth in 2013 due to growing consumer demand.
Iraq is now OPEC's second highest oil producer, with production rising 24 per cent n 2011
07:47 GMT
Iraq jumped two places to No. 2 in Opec's rankings this year, cementing its position among the world's leading oil producers. Neighbouring Iran dropped three spots to fifth as international sanctions took hold.

December 27, 2012

The GCC quest for relevance
11:34 GMT
The GCC held another meeting this week, but like other supranational institutions, it is struggling to find its role in the 21st Century, what is the future for the Riyadh-based grouping of Gulf states?
The total of agricultural exports increased 2 percent to reach $152 million in the first nine months of 2012
11:17 GMT
As the Syrian conflict continues to hurt the Lebanese economy, demand for agricultural goods from the the Cedar land is booming in the Gulf region.
75 per cent of women have secured jobs in the private sector, while the other 25 per cent started their own projects
11:05 GMT
Although a culture of shame still prevents many Jordanians from working as cleaners, waiters or in other “lowly” occupations, a civil society organisation in east Amman is helping some young people support their families by bucking these societal norms.
Lebanon's cabinet is to announce the tendering process for offshore gas
08:08 GMT
Lebanon is set to launch the tender process today for companies wishing to conduct offshore has drilling as the Cabinet discuss a raft of economic issues affecting the country.
A new report claims that Dubai is entering a new period of economic growth
07:56 GMT
A report published Wednesday by the Dubai Economic Council (DEC) claims the emirate’s financial performance since the crisis of 2009 indicates a “new phase of rapid growth” for Dubai’s economy.
More trouble with the Gulf Air restructuring as trade unions refuse communication with senior management
07:32 GMT
The unions of Bahrain’s national carrier Gulf Air have agreed not to communicate with the airline's executive management about the restructuring of the airline, as the debacle over the future of the flag carrier continues

December 26, 2012

 Libyans were treated in Jordan after the uprising, but many hotels are still waiting for payment
13:44 GMT
Some Jordanian hotels have been forced to close down or sell properties due to Libya’s delay in paying outstanding dues of Libyan guests who came to the Kingdom for medical care, according to the Jordan Hotel Association (JHA).
GCC economies are set to have a good 2013, buoyed by high oil prices
13:24 GMT
The GCC countries are expected to grow about five per cent in 2013 on a non-oil real GDP basis while oil prices will stay close to $100 per barrel keeping these countries budget finances in surplus, a report said.