January 28, 2013
Lebanon’s trade deficit widened 6 percent in 2012 to a five-year high of $16.8 billion as Lebanese fuel imports, which are partially being re-exported to Syria, soared.
The recent dip in Saudi Arabian oil production could hurt the the global oil industry, especially when coupled with any slowdown in Chinese economic growth.
Abu Dhabi's economic output has reach over one trillion dihrams ($272 billion), which demonstrates, "the robustness and stability of the emirate’s economy," according to the statistic department.
January 27, 2013
Owners of new homes in a high-end housing development in Bahrain are being denied title deeds after the company behind the project defaulted on a loan.
Experts at the World Economic Forum at Davos has warned that there is no room for complacency in the global economy, which still faces grave threats, ranging from a slowing in China to the Syrian civil war.
Street vendors in Morocco have long been marginalised, but a new framework will enable them to work legally, according to a statement from the trade minister.
Iran will keep pushing forward with its disputed nuclear programme, special advisor on international affairs, Ali Akbar Velayati, said in an interview with semiofficial state media.
A London-based monitoring group has said that restructuring of Lebanon's lucrative mobile phone market could harm any potential of privatisation in the future.
January 24, 2013
Laws introduced in 2005 in Lebanon designed to protect consumers from dangerous goods and unsafe food, appear not to be working, with the panel set-up to deal with the law having never met.
Bahrain is planning a crack-down on undocumented workers, after a report revealed that there could be as many as 50,000 in the small island nation.
Abu Dhabi's economy is famed for its reliance on the black gold of hydrocarbons, but now the Emirate is planning a move into the agricultural sector by growing wheat.
Facebook's new search tool, the 'Graph Search', promises to revolutionise the world of search engines, but it could well end up costing user's their privacy.
Western economic sanctions on Iran may not work and have the inverse effect causing Iran to push harder to make a nuclear weapon to give the Islamic Republic greater negotiating leverage.
The International Monetary Fund said the global economy wil grow at 3.5 per cent this year in its half-yearly outlook report, with the MENA region needing macroeconomic stability, despite difficult conditions.
January 23, 2013
Egypt's tourism industry started to recover in 2012, with a 17 per cent increase if visitors, helping to create a 13 per cent rise in income generated.