October 25, 2012
Despite the run up to Eid, when customers usually throng the shopping districts of Amman, many retailers are complaining that sales have been down compared to last year, and are blaming the worsening economy in the Kingdom.
Saudi Arabia has a huge potential to be a catalyst for growth in the global market for green building materials, an industry which is expected to reach $406 billion by 2015 as the Kingdom seeks to diversify its exports.
An online shopping revolution is happening in Egypt. Gone are the days of slow, frustrating websites. A new company is offering almost everything you could want, promising to offer value and choice, but will we see a Silicon Cairo?
Qatar considers acquiring major stakes in investment banks in Europe, sources told Al Arabiya, noting that the negotiations are currently underway with seven banks suffering from accumulated financial crises caused by the economic recession in Europe.
The conventional stock market wisdom is failing the global economy. In the wake of further poor results from leading companies, is it time to readdress what we know about the roulette wheel of the stock market?
October 24, 2012
Iran, which is under tremendous pressure and undergoing a sanction imposed by the United States and the European Union for pursuing nuclear energy to power its economy, is investing $100 billion (Dh367 billion) to boost its oil and gas production.
Dubai is gearing up for one of the biggest weekends of the year as it plans to celebrate the festival of Eid al Adha, as Emirate is expecting thousands of visitors to head to the Emirate.
Housewives in Jordan are increasingly turning to the social networking website 'Facebook', to start a small business revolution in the Kingdom.
The Philippine government has lifted a temporary deployment ban of overseas Filipino workers to Jordan and Lebanon, a senior official said, but overseas workers may not be able to return if they do not have correct documentation.
Europe’s Hotbird satellite broadcasting system has suspended the broadcast of Syrian television channels, the Syrian government announced, as sanctions against the media by the EU and Arab League affect.
The targeting of Iraq’s well-respected central bank chief appears to be a move by Prime Minister Nuri Al-Maliki to consolidate power and sends a bad message to international investors, experts and diplomats say.
October 23, 2012
With the Wold Energy Forum happening in the UAE, Mosques in the region have become an surprising flag bearer for renewable energy, after an initiative was launched to educate people in the emirate to conserve water and electricity and follow green standards by using mosques as models.
Iranian diplomat calls for relaxation of visa restrictions to boost economic ties between Egypt and Islamic Republic, says Iran could help tackle Egypt’s energy crisis.
Angry butchers in Muharraq are planning an indefinite strike from today over claims they have been sidelined in the distribution of up to 5,000 live sheep in the build-up to Eid Al Adha.
The number of start-ups in the MENA region increased eight times in 2011 as compared to 2005. Jordan, Lebanon, Egypt and the UAE attracted most early stage investments in the same period, in some positive news for the economies of the region.