Featured Articles

December 16, 2012

Lebanese banks still could reap benefits from Syria once the conflict is over, the head the Association of Banks has said
03:00 GMT
Lebanese banks can reap huge benefits from the Syrian market once a political settlement is reached in the war torn country, the Secretary-General of the Association of Banks in Lebanon said Friday.

December 13, 2012

Emirate achieves new record with non-oil ties up 13 per cent on 2011
11:57 GMT
Non-oil trade in Dubai reached new highs of Dhs1 trillion in the first 10 months of this year, up 13 per cent on the same period in 2011, as the Emirate continues plans to make it the gateway to the region.
Dubai is the foremost GCC port by container volume and is ranked at the ninth place among the top 10 world container ports
11:30 GMT
The GCC countries are expected to spend billions of dollars to expand their seaports in the coming five years to keep abreast with increasing demand, booming businesses, maritime experts experts have said
Investors saw the IMF loan as a lifeline for those looking to put their money into the Egyptian Stock Exchange
11:30 GMT
Egypt's business community has expressed disappointment with the delay with to the $4.8 billion IMF loan, saying that it will harm the already fragile economic climate in the country.
Can Lebanon's Prime Minister Najib Mikati resolve the crisis?
08:16 GMT
Hundreds of striking teachers and public sector employees marched in Beirut Wednesday to protest the continued failure of the Cabinet to refer a salary raise to Parliament, but what is the future of the protests movement after so many months?
Libya is trying to diversify its economy into the green gold of olive oil
06:00 GMT
Libya is trying to increase the production of the Middle Eastern favourite, the olive, in an effort to boost and diversify the economy, which is heavily relient on the hydrocarbon oil.
The IMF has issued a stark warning on the Yemeni economy
03:00 GMT
The International Monetary Fund (IMF) says the Central Bank of Yemen should refrain from any additional lending to the Government, as the post Arab Spring country faces economic and financial challenges.

December 12, 2012

The Syrian economy is at risk of collapse, economists have warned
12:00 GMT
War-ravaged Syria’s economy will shrink by a fifth in 2012 and all its foreign reserves could be spent by the end of next year, a global finance industry association said Monday.
The proposed tax will target newly constructed buildings in Beirut and other regions and would allow developers to rise higher than current zoning regulations permit
11:28 GMT
Lebanon is being buffeted by the Syrian civil war and on the home front, Prime Minister Najib Mikati is struggling with restive trade unions over a pay increase for public sector workers, but any false move could hurt the economy.
The cabinet was neither consulted nor informed about the president’s sudden decision to suspend the new tax law
11:13 GMT
Egypt's embattled president, Mohammed Morsi is facing more criticism over the handing of the $4.8 million IMF deal, which has been put on hold as political turmoil grips the country, but can the economy survive?
100 million new jobs need to be created in the Middle East
06:39 GMT
The huge gap between the supply of qualified youth and the market requirements is one of the key reasons behind rising unemployment in the Middle East and North Africa region, experts have said.
Egyptian tourism bosses have criticised the latest move to increase the tax on certain goods
04:00 GMT
Officials in the Egyptian tourism industry criticised the government latest measures, which have been temporarily frozen, to raise taxes on selected goods.
Is Egypt's president holding up the Central Bank of Egypt?
03:00 GMT
Egypt's President Morsi is set to issue a modification to two articles in the laws governing the Central Bank of Egypt within days, which grants himself more authority.

December 11, 2012

Silver bars
12:54 GMT
A look at the risks of investing in silver.
The U.S. is expected to become energy self-sufficient in 2020, and to become an oil exporter by 2030
09:35 GMT
It's not new news, but the notion that the United States is no longer depending on the Middle East for oil as it retires out of the region it once had the hots for is all the buzz on the global street. Is the US really turning its back on the Arab and Muslim world in favor of the far East?