Featured Articles

March 21, 2013

Many street vendors agreed that difficult living conditions and the lack of government assistance forced them to take up street vending and to work illegally
07:39 GMT
Over two years after the self-immolation of Mohamed Bouazizi, starting the Arab uprisings, street vendors in the North African country are still reeling from two years of economic mismanagement.

March 20, 2013

Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of 2012, a 14 per cent increase on the previous year.
13:05 GMT
According to estimates by Ernst & Young’s Global Islamic Banking Center, Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of 2012.
Middle East airlines are expected to post a profit of $1.4 billion in 2013, and industry body said
12:38 GMT
Middle Eastern airlines are expected to post a profit of $1.4 billion during this year, while globally the airline industry will see a modest improvement in its financial performance, says an Iata forecast.
Jordan needs to market its image to investors , according to President of the European Bank for Reconstruction and Development (EBRD)
11:44 GMT
Jordan needs to market its image to investors as an open economy with a skilled labour force, according to President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti.
UAE Health Ministry blamed for poor health services
11:23 GMT
Members of the UAE's Federal National Council (FNC) have blamed the Emirati Ministry of Health for lack of internationally recognized healthcare standards, shortage of doctors and hospital beds and failing in its efforts to prevent chronic diseases.
Lebanese banks reluctant to reopen in Cyprus
10:06 GMT
Lebanese banks in Cyprus are remaining wary about restarting operations in the island nation after the the Cypriot government rejected bailout plans on Tuesday.
Lebanon nets $34 mln in seismic data sales
09:50 GMT
Sales of seismic data relating to Lebanon's offshore gas reserves have netted the government $34 million.

March 19, 2013

Advertising war between Apple and Samsung
11:20 GMT
Samsung and Apple are currently in the midst of a heated advertising war after the after the former announced last week that it would be releasing its new Galaxy S4 model smartphone, according to US global business magazine Fortune.
Lebanon lags behind MENA in corporate social responsibility
11:09 GMT
Lebanon’s government still lags behind many of its regional peers in promoting corporate social responsibility, despite successful initiatives by the private sector and civil society groups, said CSR experts who gathered Monday in Beirut.
The terrorist threat in southern Algeria will have no impact on national energy production, Algerian Energy Minister
11:04 GMT
The In Amenas terror attack will not slow down Algeria's energy sector, officials and investors agree.
Kuwait has stepped up its investments in foreign energy markets and in foreign energy infrastructure
08:26 GMT
The political stalemate in Kuwait is hurting the country economically. As long as reforms are put on hold because of corruption charges and changes in government, Kuwait will fail to adapt to the global economy and will struggle to diversify its economy.
The study found increased awareness of nuclear energy in the UAE
07:09 GMT
A new study suggests there is overwhelming public support for the UAE’s nuclear energy programme.
The most likely outcome for Lebanon is the adoption of a balanced approach between meeting domestic demand and allowing companies to export
07:08 GMT
Following the discovery off the coast of Lebanon, the Cedar nation faces a series of tough choices over the deposits that could dramatically change the economic map of the region.

March 18, 2013

Cash is still the preferred method of payment in the UAE
14:59 GMT
There is strong potential for growth in electronic payment methods in the region as only 10 per cent of transactions in the UAE are paid for electronically compared to 15 per cent globally, senior MasterCard officials told Gulf News.
MENA domiciled assets are booming, according to a new report
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.