March 11, 2013
A $6-billion railway project being planned by the Omani government is expected to generate more than 70,000 jobs, according to project statistics
The economies of Gulf hydrocarbon producers will grow by around eight per cent to peak at nearly $1.6 trillion in current prices this year, new statistics show.
Lebanon's Finance Ministry has forwarded an amended 2013 budget proposal to the Cabinet, cutting expenditures by over $1 billion in a bid to curb the soaring deficit, said a statement released by the ministry over the weekend.
March 10, 2013
Egyptian ports have lost most of their transit to Libya business, as suppliers have shifted their trade activities to Lebanese, Turkish and other ports.
Tunisians are outraged by the latest increase in fuel prices, which some suggest could also imperil the country's fragile political environment.
Jordan's King said on Saturday that the private sector is key to a sustainable future for the country's economy.
The number of Syrians investing in Jordan shot up by 197 per cent during the first two months of this year, the general controller of companies revealed.
Saudi Arabia is fast becoming a leading investor in alternative energy with the government announcing various solar energy projects that are aimed to ensure sustainable long-term supply of energy across the Kingdom, experts have said.
March 7, 2013
Economic devastation is tearing Syria apart, perhaps irreparably, if fighting rages for another two years, according to a former minister now working on a U.N.-backed reconstruction plan.
Over two years since the uprising that ousted former Tunisian president Ben Ali, continued political instability is hurting the economy of the north African country.
Ensuring sustainable supplies of oil and gas in the face of growing market demand is the biggest long-term challenge facing the region's energy sector, experts said on Wednesday.
International oil companies are competing over exploiting Lebanon's large energy reserves detected off its coast, as analysts say it could redraw the energy landscape of the region.
Ahead of Friday's International Women's Day, the UN has said that women will not be able to fully participate in their countries’ economic and political activities until gender equality is achieved.
A sluggish economy and stiff competition from international ad serving platforms will make it difficult for local websites to boost their advertising revenues this year, and there is very little they can do about it, industry experts have said.
March 6, 2013
Continued instability in Libya, including the recent clashes near a gas installation, forcing the halt of exports to Italy, is hurting the slow process of economic recovery.