January 13, 2013
Despite previous insistence that oil should be at $100 a barrel, it now looks like Saudi Arabia is hoping for an extra ten dollars on a barrel, owing to changes in production levels in the Kingdom.
Inflation in Abu Dhabi remained low in 2012, with the CPI rate recording a 1.1 per cent increase, easing on the figures from 2011.
A fifth of the world’s tallest 100 towers are currently located in Dubai, according to a latest report issued by the Council on Tall Buildings and Urban Habitat (CTBUH).
Real GDP growth in the GCC is likely to have slowed from 7.8 percent in 2011 to an estimated 5.7 percent in 2012.
The Middle East and North African (MENA) countries are expected to pump nearly $250 billion into power projects over the next five years to expand generation capacity and meet the growing domestic demand.
January 10, 2013
The boss of Middle East retail stalwart Spinneys has been removed from his position after claims he was damaging the reputation of the business.
Egypt will sign a long-awaited financing deal with the International Monetary Fund (IMF) before upcoming parliamentary elections, hinting that elements of the government’s economic program could be subject to change in a revision
An overwhelming majority of residents in the region support the idea of Dubai hosting the 2024 Summer Olympics, according to a study.
As Lebanon braced for another day of extreme weather, Public Works and Transport Minister Ghazi Aridi has approved more emergency funding to help those affected.
Qatar’s prime minister has dismissed claims that his country was seeking to dominate Egypt’s politics and economy as “silly jokes.”
Dubai is better known for washed up western celebs trying to fix their ailing careers than sharia compliant economics, but now the Emirate is planning on becoming the "Capital of Islamic Economy”.
January 9, 2013
Members of the Organisation of Petroleum Exporting Countries' (OPEC), which Nigeria is part of, got higher income in excess of $128 billion last year, new data shows.
Private sector companies face penalties if they fail to give three per cent annual salary increment to employees who have not under performed, a senior official at Oman’s Ministry of Manpower has warned.
Egypt’s Railway Authority is set to begin development on a new electric railway system in March, extending from Alexandria to Cairo.
As Bahrain upholds life sentences against activists, the government is trying to woo nearly 40,000 pensioners with a plan to offer discounted services.