February 18, 2013
The International Monetary Fund (IMF)'s proposed $4.8 billion loan will not be enough for Egypt to overcome its post-revolution economic dilemmas, David Malone, president of Canada’s International Development Research Centre (IDRC), said in Cairo on Sunday.
Yemen's tourism industry is still struggling after the revolution after security instability, including the kidnapping of westerners, in the Arabian peninsula nation.
In a wide-ranging interview, Lebanon's IMF representative says that the Cedar country needs strong domestic policies to deal with increasing external pressures.
HSBC, the global bank that prides itself on being 'local' is to close the accounts of Syrians and Iranian nationals as well as Sudanese, due to sanctions from European Union and the United States.
Lebanon's investment industry is in a tricky situation, where cash remains kinds and government bonds look increasingly unattractive, according to one of the country's leading investors.
February 17, 2013
Oman's GDP is booming thanks to higher oil revenues and an increase in domestic demand for fuel.
The G20 grouping of nations, which includes Saudi Arabia, will not push for stricter controls on foreign exchange mechanisms or single out Japan as fears grow over so-called 'currency wars'.
Jordan's pharmaceutical exports are looking healthy, recording a 20 per cent increase in 2012.
Lebanon's 2013 budget plans are "missing in action" according to leading policy expert Dr. Mazen Soueid
Major economic sectors and economic activity in the Emirates remained stable and growing, as Dubai shows of its plumage to woo yet more investment.
The must have accessory from teens to businessmen, the now almost ubiquitous smarth phone, shows now sign of being out of of favour with the regions tech-heads.
February 14, 2013
Egypt's Court of Appeal accepted the appeal of former prime minister Ahmed Nazif and notorious former interior minister Habib El-Adly on Wednesday and will allow a retrial.
Nearly 20 per cent of Jordan's workforce said they have to sacrifice sleep to accommodate both personal and work commitments, either by waking up early or burning the midnight oil, a new report shows.
Kuwait's budget surplus could be in the rabge of KD11.9 billion to KD14.4 billion ($42 billion to $50.9 billion) for the current fiscal year backed by high oil revenue.
In the first step toward creating an estimated $72 million equity fund that would be the largest source of venture capital for Lebanese startups, the World Bank signed a $30 million loan agreement with the Finance Ministry Wednesday.