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.
As the conflict in Syria shows no sign of ending, UAE-based Syrian businessmen are ready to invest $1 billion in the country across different sectors in the post-Al Assad era
Gulf markets steadied yesterday even as investors remained cautious amid a prolonged Israeli air raid on the Gaza Strip, while Egypt recovered after reaching a preliminary loan deal for $4.8 billion with the International Monetary Fund.
November 21, 2012
Economic growth in the Gulf Cooperation Council (GCC) will slow in 2013 owing to a moderation in oil production growth, but high oil prices will provide a supportive backdrop for another year of solid non-oil growth, rating agency Fitch said.
Saudi Arabia, the world's largest crude exporter, doubled imports of fuel oil this year and is poised to maintain them at a high level to preserve its spare capacity for producing crude, Energy Aspects said.
Oman's nominal GDP, which is measured at current market prices, grew 16.2 per cent in the first half of this year to RO15.2bn against RO13.08bn in the same period of 2011, according to new statistics.