October 14, 2012
The Saudi Kingdom is investine SR 1.1 billion at holy sites as part of the governments efforts to enhance facilities for the annual Hajj pilgrimage.
At the IMF general meeting, the Middle East and Central Asia Department boss has said that the Middle East and North Africa region is spending $200 million on general subsidies that need to be reformed.
the Lebanese Businessmen Association has repeated its cals for an economic rescue plan whilst also lamenting any rise in public sector salaries.
Despite changes in diet all over the world, and particularly in the Arab world, wheat is still the most important ingredient in the daily meals consumed by all sectors of society, but it is increasingly harder to source and the Arab world is the biggest importer.
Hundreds of thousands of entry permits are expected to be granted to Palestinians during Eid al-Adha, but the move is likely to hurt Palestine economically as well as undermine the standing of the Palestinian Authority as the effective power.
October 11, 2012
Young people in Saudi Arabia have started to complain that they are not being offered adequate training for the work place as employers complain that they find it hard to find potential staff with the right training.
Syria's deputy prime minister and minister of trade declared this week that the country's economy would suffer "heart failure" if the crisis that has been sweeping the country over the last 18 months continues for another three months.
The firing of a Middle Eastern Airline employee after she publicly insulted foreign passengers is proof that, in a society which still has far to go in combating racism, public opinion is powerful and moving in a positive direction.
The Arab Spring could have wide-ranging effects on the economies of the MENA region and could lead to an increase in entrepreneurship, according industry.
Teachers and public sector employees threatened Wednesday to escalate action after staging a one-day strike protesting the Cabinet’s delay in referring to Parliament a draft law to increase their salaries.
Money talks in Lebanon during election periods as fears are raised over questionable government spending, with some being described as "politically or electorally motivated".
October 10, 2012
Car sales in the UAE are speeding away and are now at record levels, thanks to a surge in new residents, including tax exiles and refugees from the Arab Spring.
The International Monetary Fund (IMF) has revised its outlook for the Sudan economy showing a worst than projected economic contraction for 2012, as the Africa nation is reclassified as an 'Oil Importer" after last years succession of South Sudan.
Egypt's government will respect legal decisions to renationalise formerly state-owned companies once appeals are heard, the country's Investment Minister said on Tuesday.
Bahrain needs to rethink having its currency pegged to the US dollar in order to minimise the risks arising from a slowing American economy.