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February 4, 2015

Within the Gulf Cooperation Council Countries (GCC), Saudi Arabia tops the list, with a misery index of 20.35, putting the country in the 47th place globally as of 2014.
04:55 GMT
Life is difficult if there are no jobs, the cost of living is rising and loans are hard to come by.

February 3, 2015

The divided public in Bahrain will eventually demand collective reforms, either when they realize that royal handouts are untenable or when they no longer believe that their monarchy is legitimate.
19:56 GMT
The divided public in Bahrain will eventually demand collective reforms, either when they realize that royal handouts are untenable or when they no longer believe that their monarchy is legitimate.

Oil prices are likely to stay relatively low in 2015, and/or until demand picks up strongly.
05:55 GMT
While low oil prices are a challenge for oil exporting countries, it is also an opportunity for stable GCC countries to implement deep structural reforms and move towards becoming more mature and diversified economies, say experts.
As the global economy has witnessed in the previous months, the market for fuel has been a very volatile one, otherwise cursed with a lack in demand.
04:55 GMT
Euro-commodity brokers earned a large share of meticulously watched endeavours to source Egypt with approximately $2bn worth of liquefied natural gas [LNG] as they exert great efforts to develop into a sector.

February 2, 2015

Following the temporary rebound in 2010, world real gross domestic product (GDP) grew by a mere 2.5 percent per annum.
18:32 GMT
The global economy never fully recovered from the financial crisis.
The World Bank is trying to measure the consequences of plunging oil prices on the economies of the MENA region
12:54 GMT
According to its most recent report, entitled, “Plunging Oil Prices,” the World Bank expects lower oil prices to benefit Lebanon’s economy.
The oil-producing region had hoped to make tourism the second pillar of its economy.
07:55 GMT
Billboards still read "Welcome to Arbil, 2014 Arab Tourism Capital," but most of the visitors Iraq's Kurdistan region welcomed last year were people made homeless by a jihadist offensive.
The Dubai index which gained more than 40 per cent until November, gave up all its gains at one point only to end the year 11 per cent higher.
05:55 GMT
It's time to forget the stellar 40 per cent returns witnessed in 2014.

February 1, 2015

Naimi has already survived more than one price crash by acting decisively.
18:00 GMT
After all, 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.
Jordan is the third largest recipient of remittances in the Middle East and North Africa (MENA) from Gulf states, according to World Bank report.
07:55 GMT
As a net oil importer, Jordan’s widening trade deficit in the first nine months of 2014 was anticipated to decelerate in the last quarter of the year on account of lower oil prices.
Salman’s announcement on Thursday suggested the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
06:45 GMT
A lavish payout to public employees ordered by Saudi Arabia’s new King Salman will help to sustain the kingdom’s consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
Regulators and officials at the meeting will have to juggle political sensitivities and arguments over the budgets of cash-squeezed airlines.
05:55 GMT
2014 was the deadliest year for commercial airlines in almost a decade.

January 30, 2015

Iraqi crude production is climbing from a 35-year high.
22:18 GMT
“This price war is not just between Saudi Arabia and the U.S., it’s also intra-OPEC,” said Seth Kleinman,
The Al-Araby Television network, of which Al-Araby Al-Jadeed channel was the first to launch, addresses audiences in the Arab world, particularly the youth.
16:25 GMT
The Qatari-funded channel, Al-Araby Al-Jadeed, was launched from London on Sunday, a highly symbolic date as it coincided with the fourth anniversary of the 25 January Revolution in Egypt.

January 29, 2015

Affording a home and getting married is still difficult under Sisi for many young men unable to make a living.
16:35 GMT
Facing grim economic prospects at home, desperate young Egyptians are seeking jobs in Libya, a country sliding into lawlessness.