Featured Articles

February 11, 2013

Beirut is no longer the "Paris of the Middle East" according to a new report, citing economic and security instability
15:59 GMT
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 considering a move to allow foreigners the right to own businesses
15:32 GMT
The UAE is set to allow foreigners to fully own companies in the country, if a draft law passes through parliament.
Iran oil tankers are using the Suez Canal to reach Syria, according to reports
14:18 GMT
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.
41 countries receive UAE exports of plastics worth over $ 10 million each, with India coming in first place in this regard, receiving $ 195 million worth of the product from the UAE
12:15 GMT
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 in Lebanon outgrew GDP last year registering an overal growth of 4.5 per cent
10:06 GMT
Advertising spending in Lebanon outpaced GDP, with online advertising making a huge improvement on the previous year, growing 29 per cent.

February 10, 2013

Top import sectors included transportation equipment ($ 7.69 billion), non-electrical machinery ($ 3.29bn) and chemicals
13:18 GMT
US exports to the Arab world are booming, having increased by 17 per cent in 2012, to $66 billion, according to latest figures.
Saudi exports to Japan was $ 48 billion (over SR 180 billion), while its imports from Japan remained at $ 8 billion
12:55 GMT
Saudi Arabia has been praised by Japan for its role in stabilizing oil markets.
The strike will not stop until the new salary scale is passed, preparations still proceeding despite pressure
12:19 GMT
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.
Transit numbers at Beirut airport have dropped dramatically
09:18 GMT
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 IMF has pledged support for Syrian refugees in Lebanon
08:30 GMT
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

Islamic finance in Belgium – sizing the retail market was independently commissioned by the Association for the Development of Islamic Finance (ADEFI) in conjunction with IFAAS (Islamic Finance Advisory & Assurance Services
11:50 GMT
Over 70% of respondents in a study said they were likely to take-up the products.
Both Demco and Tannous claim to have the largest market share in Lebanon
11:22 GMT
Metals suppliers worry over fate of sector as the Syrian conflict takes its toll.

February 6, 2013

Under the slogan “We are all partners,” the campaign involves more than 120 public institutions and is implemented in cooperation with the private sector.
12:56 GMT
2,000 job applications submitted on opening day of recruitment drive.
Sanctions have failed to force Tehran to abandon its nuclear program.
12:38 GMT
Iran’s spiral into hyperinflation has subsided.
The foreign non-oil trade maintained its positive growth during the January to August period 2012 registering a Dh70 billion growth
10:07 GMT
Non-oil trade in the hydrocarbon heavy UAE is surging, with new figures showing an increase by 12 per cent in the first eight months on 2012.