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April 21, 2014

The new law is supposed to ensure in part that workers are not victims of corrupt-or inactive-recruitment agencies (File Archive)
12:00 GMT
Bahrain has recently passed a new law to regulate labor recruitment in the Gulf country. The new regulations aim to "safeguard the rights of skilled and semi-skilled expatriates," say authorities.
Iraq announced plans for four new oil refineries, but the country has failed to attract investment from the private sector in such ventures since 2009 (Courtesy of NPR)
08:30 GMT
Iraq must reconsider its expenditure and production of various energy sources if it wants to stabilize the country's energy situation overall and save much needed resources.
Egypt's government will allegedly make a "bigger push" to distribute smart cards for fuel to subsidize the price of gasoline for citizens (File Archive)
08:02 GMT
Egypt is attempting to restructure its energy subsidies "without affecting poor and low income segments," but can the new strategy work if the government is still undecided on whether or not they will raise petrol and fuel prices?
In the tourism segment, basically everything is needed, most of all, hotels and related leisure facilities, together with appropriate infrastructure.
03:55 GMT
Tourism receipts were also skyrocketing and reached $926mn in 2013 against some $400mn in 2012, according to official government figures.

April 20, 2014

Saudi Arabia-based companies awarded $10.59 billion in contracts in Q1 of 2014 (File Archive)
12:00 GMT
Saudi Arabia's construction industry witnessed a record year for contracting in 2013, and 2014 promises even brighter prospects for this developing sector.
BLOM Bank, Bank Med and Bank Audi all were upgraded from "negative" to "stable" under Standard & Poor's ratings (File Archive)
09:17 GMT
Standard & Poor's has raised its outlook for several Lebanese banks in what may be the latest sign of a recovering economy in this MENA country.
Along with the UAE, another Gulf country that is actively pursuing a nuclear programme is Saudi Arabia.
03:55 GMT
Fuelled by rising energy demand and depleting oil and gas resources, nuclear energy has gained strong momentum in the GCC, particularly in countries like the UAE.
other topics to be discussed by the Kingdom’s real estate leadership at the Summit include project funding, off-plan sales, ways to support the mortgage law, and the Kingdom’s construction labor shortage.
03:55 GMT
The Kingdom’s Western Region is experiencing an unprecedented real estate boom, with billions of riyals earmarked for mega projects.

April 18, 2014

The survey also revealed that the main reason for obtaining a loan is to a buy a car
08:26 GMT
About 34 per cent of national household heads reported that they continuously changed their mobile phones.

April 17, 2014

The issue of Saudi's SMEs has been debated over the last few years (File/AFP)
17:39 GMT
Small and medium enterprises (SMEs) are set to contribute 37 percent to Saudi Arabia's GDP but should the Kingdom look elsewhere for investment?
Islamic lenders Masraf al Rayan and Qatar Islamic Bank were the main reasons for the index's increase (File/AFP)
17:07 GMT
Qatar's main index rose 1.1 percent, making it the highest close since June 2008.
Hard at work: Saudi workers say they are hitting a "productivity wall" (Fayez Nureldine/AFP)
16:50 GMT
Six out of ten Saudi workers felt they didn't have the necessary tools or recourses to be productive according to a Global Workforce Survey.
The increase of house prices was a key factor (Getty/AFP)
15:28 GMT
Inflation climbed to its highest since 2010, according to data released by National Bureau of Statistics. Housing, utilities and food all contributed to the rise.
More than $40 billion worth of new contracts were awarded in the GCC during the first quarter of 2014 alone (File Archive)
07:40 GMT
2014 is promising to be a record-breaking year for the GCC's construction industry.
"Some Arab countries are still going through radical transformations, accompanied by negative economic development,” he said at the conference that discusses strategies for the advancement of Arab economies.
03:55 GMT
Arab bankers on Wednesday blamed "Arab Spring" for the deterioration in the region's economies.