Featured Articles

February 25, 2013

Egyptians bought 43 per cent more cars in January 2013 compared to the same month of 2012; producers and distributors remain cautious
11:57 GMT
Car sale in Egypt are in the fast lane, increasing by 43 per cent in January of this year, the latest report from the Automotive Marketing Information Council (AMIC) shows.
The teachers would seal off the entrances to private schools starting from 6 a.m. to make sure none of them receive students
11:01 GMT
Private sector teachers in Lebanon join government colleagues as strike action over the long-debated salary increases enters its second week.
New projects to boost Saudi tourism
10:01 GMT
Saudi Arabia is moving itself to become the centre for tourism in the MENA region, including massive new infrastructure projects and a new airport in Jeddah.
45.2pc of people stated not being paid enough was the main factor in wanting to quit
08:55 GMT
More than half of people working in the Middle East and North Africa (MENA) want to quit their jobs, according to a new study.
It estimates that Iran lost over $40 billion in export revenues in 2012 or about $3.4 billion per month
08:42 GMT
Iranian oil will continue to slip up as western sanctions on the Islamic Republic's alleged nuclear programme continue to hurt exports.

February 24, 2013

Some retailers in the UAE have tested their products to be sure their meals are clear
20:38 GMT
It's a scrumptious affair for food lovers and traders, as the Gulf's largest food industry event - Gulfood 2013 - prepares to showcase over 50,000 food and beverage brands and welcome hoards of industry VIPs to Dubai this week.
Food remains one of the leading drivers of inflation in most of the GCC countries
13:01 GMT
The GCC region remains steady in its inflation of 3.3%. The Gulf economies witnessed a moderate 3.0 percent inflation in consumer prices during 2012, down from 3.7 percent in 2011, according to the expert tracking. This is relatively low when compared to the global average inflation of 4.0 percent and the MENA region's 10.4 percent.
The clear improvement in the number of jobs to be available in the coming three and 12 months is a positive sign for the UAE’s economy
10:40 GMT
A survey has found that in the next three months, 30% of Middle East and North Africa (MENA) employers are “definitely hiring”, with an additional 27% stating that they are “probably hiring”.

February 21, 2013

Many employees at the Finance Ministry’s Value Added Tax department closed their offices and joined a sit-in organized by the Union Coordination Committee
11:19 GMT
Strike action in Lebanon rumbles on as the long-running debate over public sector pay increases shows no sign of abating.
HTC launches new flagship smartphone
11:10 GMT
The global phone giant HTC launched its new HTC One handset yesterday, which it hopes will take the fight to Apple for supremacy in the fight to be the leader in the market.
The local defence manufacturing industry is in the nascent stage and can develop further
10:55 GMT
Defense contractors in the UAE are expecting to close deals with various government entities during Idex as they call on customers to buy locally.
Port Said's once-thriving economy took a further turn for the worse in the wake of last month's violence
08:52 GMT
Port Said, once a bustling trade and touristic hub, has been ravaged by recent violence, which hurts the once flourishing economy.
Saudi Arabia expects to raise its output in the second quarter to satisfy higher demand from China and drive economic recovery elsewhere
08:16 GMT
Oil prices were little changed on Wednesday as the prospect of more Saudi supply offset optimism about the global economy that has helped bolster an improved demand outlook.
Qatar enjoyed exceptional growth in the last decade
08:05 GMT
The Qatar projects market is the third largest in the GCC, just behind Saudi Arabia and the UAE, according the a new report.

February 20, 2013

E-commerce in particular, generally defined as the buying and selling of goods and services online
11:39 GMT
Online shopping in Egypt is growing, having attracted millions in investment since the 2011 revolution, but will this nascent industry take off?