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February 13, 2013

The construction industry across the Gulf is looking positive and things are picking up quite nicely in Bahrain
11:07 GMT
The construction industry in the GGC region could face skills shortage in the near future, according to an industry expert.
The shortages come at a time when the government is keen to reduce fuel subsidies
11:05 GMT
The state appears caught between acute diesel shortages and planned reductions of energy subsidies, upon which a proposed $4.8 bn IMF loan is conditional.
Ministry denies exporting fuel to Syria from refineries
08:39 GMT
Lebanon’s Energy and Water Ministry denied claims yesterday that kerosene or red diesel was being exported to Syria from refineries in Tripoli and Zahrani.
Reducing expenditures cannot logically entail a wage increase for civil servants
08:03 GMT
For the first time in 12 years, Lebanon will post a primary deficit of around $460 million in 2012, raising the total budget deficit to around 10 percent of GDP.
In the UAE only 9 per cent of Emiratis surveyed were unemployed
07:52 GMT
GCC countries still have a long way to go to create a sustainable job creation engine for their local populations, although some progress has been made in recent years, according to a new study.

February 12, 2013

The media should not be subject to any form of censorship to allow it to act out its role properly
12:40 GMT
After last years controversial press law, which some critics say amounts to censorship especially of online media, several MPs in Jordan are calling for the law to be amended.
Egypt's government is trying to integrate to so-called 'grey economy' into the formal sector
12:32 GMT
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.
Egypt's decision to block access to video sharing site YouTube has angered activists
12:15 GMT
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.
Qatar public debt second largest in GCC
11:54 GMT
Despite enormous oil wealth, Qatar's public debt as ratio to GDP, is the second largest in the GCC region, new figures show.
Traders fear Syria oil exports violate sanctions
09:10 GMT
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

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.