Featured Articles

March 19, 2013

Kuwait has stepped up its investments in foreign energy markets and in foreign energy infrastructure
08:26 GMT
The political stalemate in Kuwait is hurting the country economically. As long as reforms are put on hold because of corruption charges and changes in government, Kuwait will fail to adapt to the global economy and will struggle to diversify its economy.
The study found increased awareness of nuclear energy in the UAE
07:09 GMT
A new study suggests there is overwhelming public support for the UAE’s nuclear energy programme.
The most likely outcome for Lebanon is the adoption of a balanced approach between meeting domestic demand and allowing companies to export
07:08 GMT
Following the discovery off the coast of Lebanon, the Cedar nation faces a series of tough choices over the deposits that could dramatically change the economic map of the region.

March 18, 2013

Cash is still the preferred method of payment in the UAE
14:59 GMT
There is strong potential for growth in electronic payment methods in the region as only 10 per cent of transactions in the UAE are paid for electronically compared to 15 per cent globally, senior MasterCard officials told Gulf News.
MENA domiciled assets are booming, according to a new report
14:12 GMT
The total assets of funds domiciled in the Middle East and North Africa (MENA) region increased by three per cent in the first half of 2012, according to a new study.
Yemen's economy continues to suffer following the revolution
13:46 GMT
As a prelude to the National Dialogue set to take place in Yemen today, donors who have pledged a significant amount of aid to the nation took a seat side by side on March 7th to discuss why disbursement of said funds has been an issue.
Egypt bakeries protest planned reduction of flour subsidies
11:25 GMT
Egyptian bakers and bakery owners protest government decision to significantly raise price of flour used to produce subsidized bread.
The GCC private sector is losing
11:15 GMT
The Arab revolutions have reversed GCC government's plans to decrease the size of the public sector in the region by giving people jobs to try and calm potential protest movements.
The development of the algae-for-biofuels industry can be used to supplement the growth of the aquaculture industry in the UAE
10:30 GMT
The UAE is planning to become a world leader in biofuels from the algae industry by 2020, joining major countries which have already started practical steps in producing energy and biofuels from the algae industry.

March 17, 2013

Iraq’s Gross Domestic Product reached 10.5 percent in 2012, the highest percentage in the Middle East, and higher than previous expectations
11:30 GMT
Iraq has recorded the highest percentage of economic growth of all Arab economies in the last few years , with the US and Kurdish companies taking the lion's share of profits.
Repairing the damage caused by two years of fighting could cost up to $80 billion
11:26 GMT
As the Syrian conflict enters its third year,forcing over one million to flee and killing over 70,000, the macro-economic concerns may not be at the forefront of people’s minds. However, the country is facing harsh economic realities, despite the lack of official information.
Of the food lost Yemen, 90 percent of the loss happens before the food even reaches consumers
10:55 GMT
With almost half of Yemen's population facing difficulties feeding themselves, restaurants in the capital city, Sana'a are finding ways to ensure nothing goes to waste.
No aid to Egypt without democracy, human rights
08:34 GMT
European Parliament threatens to halt funds to Egypt, citing Port Said death sentences, human rights violations, and lack of political consensus in Egypt.
Lebanese banks in Syria would continue to operate in this country unless the Syrian central bank governor decides to revoke their licenses
08:01 GMT
Lebanese banks are regularly updating the lists of individuals and groups with suspected links to terrorist organizations in line with strict U.S. and European measures to combat terrorist funding, the secretary-general of the Association of Banks in Lebanon said Friday.
The 13th annual Jeddah Economic Forum is currently being held at the Jeddah Hilton
07:46 GMT
The World Economic Forum (WEF) will be making its debut in Saudi Arabia on Sunday through a “strategic partnership” with the Jeddah Economic Forum (JEF).