Featured Articles

December 17, 2012

The UAE and Saudi Arabia are leading the way for renewable energy in the region
11:52 GMT
Saudi Arabia and the UAE are expected to lead Middle East and North Africa region’s generation of renewable energy, according to a report.
The Syrian economy is at crisis point
10:49 GMT
The anti-regime locals who have thrown together a ramshackle administration to run this northern Syrian town have one main struggle: Finding money to keep their community alive.
Bus drivers in Yemen complain of the 'organizers' who can be imposters and act violently
09:03 GMT
In Yemen, minibuses are a lifeline, providing transport for the masses and much needed employment for many, but unlicensed organizers are supposed
Oil demand in China is up
08:00 GMT
Oil demand in China rose at its fastest pasce in two years in November, calming fears in the MENA region that a prolonged decline could lead to a decrease in revenues for oil exporting nations.
Private sector wages in Lebanon increased by 11 per cent this year and are expected to grow again in 2013
07:45 GMT
Salaries in Lebanon increased by 11 per cent this year, and will continue to grow at 8 per cent next year, according to the international management consultancy, Hay Group.
Kuwait it trying to recoup losses on unpaid water and electricity bills
07:34 GMT
Authorities in Kuwait are taking a harder line with people with arrears on their utility accounts by disconnecting user with large debts as part of a scheme to recover millions of dinar of unpaid bills.

December 16, 2012

Saudi Arabia is planning a big investment in the rail industry
12:56 GMT
Saudi Arabia is to invest SR 365 billion ($97 billion) in railway projects by 2040, as part of the "Saudi Arabia's Railway Master Plan (SRMP) ."
Social media can help businesses improve advertising revenues, according to experts at the 3rd Arab Social Media Forum
09:48 GMT
Social Media is playing an increasing role in business across the region, and experts at the 3rd Arab Social Media Forum, held in Jordan, have predicted advertising revenues to boom because of it.
Not such a festive Christmas for hoteliers in Egypt as political instability leads to cancellations
08:52 GMT
Recent political instability in Egypt, particularly Cairo, has seen 50 per cent of all bookings for the festive period cancelled, although resorts in Sharm Al-Sheikh are expected to keep 90 per cent of bookings.
Iraq's oil output is at its  highest ever level, causing a headache for OPEC and other oil-producing nations
07:17 GMT
Iraq is producing more oil than ever, but this is causing a headache for the rest of the industry and causing Saudi Arabia to lower its own crude export to prevent price declines.
Morocco is planning to increase the use of microcredit schemes to boost employment
04:00 GMT
The Moroccan government plans to use microcredits to create two million permanent jobs over the next ten years instead of the one million currently forecasted.
Lebanese banks still could reap benefits from Syria once the conflict is over, the head the Association of Banks has said
03:00 GMT
Lebanese banks can reap huge benefits from the Syrian market once a political settlement is reached in the war torn country, the Secretary-General of the Association of Banks in Lebanon said Friday.

December 13, 2012

Emirate achieves new record with non-oil ties up 13 per cent on 2011
11:57 GMT
Non-oil trade in Dubai reached new highs of Dhs1 trillion in the first 10 months of this year, up 13 per cent on the same period in 2011, as the Emirate continues plans to make it the gateway to the region.
Dubai is the foremost GCC port by container volume and is ranked at the ninth place among the top 10 world container ports
11:30 GMT
The GCC countries are expected to spend billions of dollars to expand their seaports in the coming five years to keep abreast with increasing demand, booming businesses, maritime experts experts have said
Investors saw the IMF loan as a lifeline for those looking to put their money into the Egyptian Stock Exchange
11:30 GMT
Egypt's business community has expressed disappointment with the delay with to the $4.8 billion IMF loan, saying that it will harm the already fragile economic climate in the country.