February 20, 2013
UAE motorists are laughing all the way to the tank after it was revealed the country has the fifth cheapest petrol in the world, according to the latest Bloomberg statistics.
Does the private sector for Emirati nationals in the UAE needs to open and reward locals who want to move out of the public sector?
February 19, 2013
Qatar’s ambitious megaprojects will surge ahead, with $120 billion worth of projects to be undertaken until 2020, a major conference heard on Tuesday.
The fishing trade in Yemen is the country's third largest industry, with two million benefiting from it, and it needs be taken seriously so it can play its part in rebuilding the economy, experts have said.
Egypt's new central bank governor Hesham Ramez says that the country's economy needs crisis management as the government announces plans to ration fuel.
Egypt's economic growth rate is expected to reach 3% by end of 2012/13 fiscal year – 0.5% lower than previous estimate, according to the planning minister.
Iran will attempt to allay fears over its nuclear programme ahead of planned talks next, the Islamic Republic's foreign ministers said yesterday.
Saudi Arabia and Finland could increase co-operation in the public and private fields, according to experts.
February 18, 2013
Despite protests, Bahrain will remain the hub for financial services in the region, despite competition from Dubai and Qatar, top bankers said yesterday.
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.