February 12, 2013
With the Egyptian economy deteriorating and job opportunities in short supply, many Egyptians are trying to cover their expenses through the massive grey economy, which operates outside the tax system and most government regulation.
The decision by an Egyptian court to ban YouTube in the country for one month due to its continued hosting of an anti-Islamic film has attracted harsh criticism from human rights organisations, online activists, and disgruntled users of the video-sharing website.
Despite enormous oil wealth, Qatar's public debt as ratio to GDP, is the second largest in the GCC region, new figures show.
Close to 1,000 tons of fuel are flowing each day from Lebanon to Syria as local traders worry about Lebanon becoming entangled by international sanctions against its warn-torn neighbour.
February 11, 2013
In a recent ranking on the quality of living, Lebanon’s capital Beirut, formerly known as the “Paris of the Middle East,” ranked 171st worldwide and 16th in the MENA region.
The UAE is set to allow foreigners to fully own companies in the country, if a draft law passes through parliament.
Iranian tankers are traversing the Suez Canal in Egypt to reach Syria, with reported cargos of fuel and weapons, as sanctions stop Damascus exporting to traditional markets.
Saudi Arabia is the UAE's largest supplier of plastics, accounting for 20 per cent of overal imports, well ahead of second place China.
Advertising spending in Lebanon outpaced GDP, with online advertising making a huge improvement on the previous year, growing 29 per cent.
February 10, 2013
US exports to the Arab world are booming, having increased by 17 per cent in 2012, to $66 billion, according to latest figures.
Saudi Arabia has been praised by Japan for its role in stabilizing oil markets.
Trade unions in Lebanon are preparing for an open-ended strike that will see public sector workers taking action over pay increases as the private sector reiterates its opposition to the move.
Despite persistent growth in the total number of air passengers, transit activity at the Beirut airport has seen a significant decline, statistics released Friday by Rafik Hariri International showed.
The International Monetary Fund offered to provide assistance to Syrian refugees in Lebanon during Finance Minister Mohammad Safadi’s visit to Washington last week.
February 7, 2013
Over 70% of respondents in a study said they were likely to take-up the products.