Featured Articles

April 4, 2013

Fleeing Syrians find few opportunities in cash-strapped Egypt
13:09 GMT
Egypt has become home to a growing number of Syrian refugees who are struggling to find work and support their families in an already-difficult economic climate.
Better financial conditions for Jordan later this year
12:50 GMT
Sixty-five per cent of Jordanians believe that the country’s economy has gotten worse in the last six months, according to a new study.
Official data showed the UAE's imports of goods and services stood at US$256.4 billion in 2011
11:47 GMT
An upsurge in business has sharply boosted imports by the UAE over the past few years to turn into the largest market in the Middle East, despite having one of the lowest populations in the region.
Apple goes wide with its local retail strategy
09:17 GMT
The technology behemoth Apple has diversified its retail strategy, enabling tech-savvy consumers to get their hands on the munch-desired goods not just in electronic stores.
The fuel price raising option was among a set of recommendations
08:57 GMT
Kuwait’s parliament has rejected a proposal to raise fuel prices for expatriates through the introduction of special cards that maintain subsidized prices for Kuwaitis only.
Saudi banks are said to be shifting toward a more conservative stance this year, at least on the corporate side
08:41 GMT
Saudi Arabia’s credit growth is expected to slow next year and in 2015. The rate of commercial bank lending to the private sector, however, has been gathering pace, reflecting a buoyant non oil economy.

April 3, 2013

Egypt mulls tax on bank loans and shares in controversial reforms
12:50 GMT
Egypt is discussing potentially controversial changes to the tax system in an effort to bolster the economy as the IMF starts a visit to discuss a $4.8 billion loan.
Print continues to be the number one choice for organisations in the Middle East and North Africa due to its effectiveness in transmitting a message to the end- user
12:28 GMT
Despite continued talk of the death off the printed media, especially with newspapers, a new survey reveals that traditional media is still winning in the region.
The tourism sector is one of the country's largest employers, with 350,000 people
12:17 GMT
As political instability continues in Tunisia, more than two years after the revolution, the north African country is pushing for more tourists in an effort to boost the beleaguered economy.
More loans to state contingent on reforms
09:18 GMT
Lebanese banks said they were reluctant to lend any new Cabinet more money until they see concrete efforts to reduce waste, combat corruption and allow the private sector to take part in the megaprojects in the country.
Agriculture investment in the Arab world don’t exceed 8 per cent of the total investment in the region
08:38 GMT
The food crisis in the Arab world is getting bigger and it is expected to reach $89 billion in 2020, a leading expert claims.
IMF is not the only source of financial support to these Arab countries while GCC are some of the main supporters
08:29 GMT
Arab countries in transition needs about $30 billion to finance their needs, a top official of the International Monetary Fund (IMF) said.

April 2, 2013

Two-month ban on fishing Al Badah in Abu Dhabi
13:44 GMT
Abu Dhabi's Ministry of Environment and Water have banned some fishing off the coast of the Emirate in an effort to support stocks.
Consumer confidence boosts UAE economy
13:17 GMT
Boosting consumer confidence in the UAE markets is helping lift the Emirate’s economy.
Banks need to fuse commercial, social market presence
10:43 GMT
Financial institutions, especially banks, have to prove that they are both economically and socially useful to continue to have a place in the market, a leading banker has said.