September 23, 2012
The potential for a big rebound in politically and economically unstable countries in the Middle East and North Africa has some investors turning to risky currencies as a potentially lucrative investment.
Iraq is set to embark on an ambitious job creation plan it hopes will result in work for as many as five million Iraqis in the next five years as it spends US$275 billion (Dh1.01 trillion) of cash earmarked for development.
Trade unions in Cairo want guarantees to the right to form free and independent unions and protection from harassment.
An international firm has estimated the volume of gas in Lebanon’s south-west corner to be close to 25 trillion cubic feet, valued by experts to be worth over $40 billion.
September 20, 2012
A Lebanese entrepreneur has created software that saves the banking industry time, effort and money, through an automated system. Fares Kobeissi's idea is starting to be noticed, and it's 100 per cent Lebanese.
Gulf states need to diversify their economies and reduce their oil dependency, according to a leading expert.
In a world dominated to a great extent by media institutions, where media becomes a battle front, it is necessary to explore how the media operates, with what goals, and how it influences society. In an interview with Arwa Al-Rikabi of Arab News, Leon Barkho who is a prominent scholar, spoke on this issue.
South Sudan, one of the newest nations on earth, has faced hardship since it seceded from its northern neighbour in 2011. Celebrations were plentiful in Juba, but problems remain as change is needed to secure a bright future.
Measured by the increase in gross domestic product over the past 50 years, Arab countries did well, as average GDP per capita increased by about four-fold.
September 19, 2012
The World Bank's latest report on the Palestinian economy warns of a deepening fiscal crisis in the Palestinian territories, urging donors to act urgently.
Thomson Reuters has launched a global sukuk index, as the $1.2 trillion Islamic finance industry is growing at a highly impressive 15 per cent annually.
Saudi non-oil exports showed a retraction of 2.3 percent in June in comparison to the previous month and a moderate 7.7 percent decline over the last 12-month period in value terms edging down to SR 14.5 billion
Arab Spring economies, notably Egypt, Libya, and Tunisia, were slowly being transformed and courting large investment deals from the USA, IMF and large MNCs. Now they are facing a difficult situation, after the USA and investors were scared off after violent protests swept the region.
The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world
September 18, 2012
Getting stuck in traffic and complaining about it are daily ingredients of Lebanese life, but it costs the economy 5 per cent of GDP a year. What solutions are there to resolve this crisis?