Featured Articles

October 10, 2012

Corruption costs Saudi's billions of potential income
08:27 GMT
An economist has predicted that Saudi citizens would be up to four times better off if corruption was tackled in the Kingdom. Bribes cost the Kingdom $20 - $30 billion a year.

October 9, 2012

Oil transportation fees for South Sudan wil not feature in Sudan's 2013 budget
14:21 GMT
The recent deal with South Sudan over oil transit fees will not be reflected in the 2013 budget, the country's finance and national economy minister said.
As violence continues in Syria, the economy is in crisis and businesses flee
13:47 GMT
With the violence in Syria escalating and no signs of it abating, Businessmen and women from the country are fleeing and taking their money with them.
Minimum wage needed in Saudi, according to economists
13:06 GMT
Economists have called for establishing a minimum wage policy for both Saudis and expatriates working in the Saudi Kingdom, as a new report highlights the pay difference between Saudi citizens and expatriates.
The IMF has slashed its global growth forecast as fears increase for the global economy
07:44 GMT
The IMF has painted a stark picture of the global economy, with slowdowns expected to increase in the so called BRIC nations as fears rise for Eurozone and the USA along with pressures in the Middle East adding to the worries.
Bread is the food of love and life in Egypt
07:00 GMT
Improving the quality and availability of state-subsidised bread was one of the key, populist pledges in President Morsi's 100-day programme. It's also the one where the most progress seems to have been made
GCC looking good in the hospitality sector
06:00 GMT
The GCC hospitality sector is poised for healthy growth owing to favourable economic conditions, infrastructure development, increased bids to host high-profile global events and government support to the private sector

October 8, 2012

Electricity is in short supply in Baghdad  and its getting worse
13:00 GMT
Iraq is facing serious electrical supply issues that pre-date the Us-led occupation as protests increases, the minister briefed with dealing with the crisis has issued assurances that solutions will be found, but the situation in Baghdad is getting worse.
Iran's currency crisis is bad news for the people of the Republic, but it is still no threat to Ahmadinejad
11:06 GMT
The currency crisis that has swept Iran, causing the rial to lose 40 per cent of its value in just over a week, has started whispers of an 'Arab Spring' style movement, but this is a long way off according to experts.
Rubbish is piling high in Egypt with no plan to deal with it
10:20 GMT
The refuse situation in Egypt is reaching crisis point as piles of rotting rubbish pile high in the capital, Cairo. Each family throws away four kilograms a day and the government is still rummaging for solutions.
Lebanese contractors are winning big with military contracts
08:23 GMT
Many Lebanese have tried to get a foot in the door of the lucrative world of military contracts, with varying degrees of success. Now on Lebanese businessman shares his story on the highs and lows of military contracts.
Lebanon set to see strikes on Wednesday as public sector workers take action
07:23 GMT
Lebanon is bracing for a strike by teachers and public sector employees on Wednesday as more associations confirmed over the weekend their participation in the protests, as the debacle continues to rumble on.
The Arab Spring started with economic grievances, but what is the future for the economies?
06:00 GMT
It will be remembered that the Arab Spring started with one man, with many grievances. Mohammed Boauzazi self-immolated after being harassed by police in Tunisia as he tried to make a living in a failing economy, sparking popular uprisings by people with similar issues. But what is the future for the new economies?

October 7, 2012

Sukuk is playing a significant role in infrastructure development in the MEDA region
10:59 GMT
Sukuk, a type of Islamic bond, has played a crucial role n the infrastructure sector over the past decade as demand for this financial product is outstripping supply.
Positive news for the Libyan economy
10:43 GMT
Arqaam Capital has reached an agreement to acquire Libya-based Al Rashad Finance and Management Advisory (Rashad), in a positive step for the economy, which is predicted to grow 121 per cent in 2012.