February 27, 2013
The Institute of International Finance estimated that Lebanon’s GDP growth fell to 0.8 percent in 2012, down from 1.8 percent in 2011, saying the decline highlighted the need for a stable political environment and structural reform.
February 26, 2013
The passenger traffic at Dubai International Airport surged 14.6 per cent in January to hit a record 5.56 million compared to 4.85 million during the same period last year, as the wider regions sees a dip in tourist numbers.
Egypt has unveiled a raft of measures as part of an economic reform programme, designed to finally clinch the $4.8 billion loan from the International Monetary Fund.
Gulf Air, Bahrain's troubled flag carrying airline, is on course to complete a strategic restructuring, according to Bahraini media.
Innovation is key for businesses in the UAE, with 89 per cent of companies looking for new methods of working, according to a new survey.
Home builders in Jordan are facing a massive profit squeeze, but there are hopes for strong sales in the summer months, according to the head of the country's house building association.
Turkish investments in the United Arab Emirates reached $ 6 billion, with the main focus in the construction sector, while the UAE investments in Turkey reached $ 5 billion in 2011.
February 25, 2013
The health care spending will impose a hefty burden on GCC governments in years to come, according to research by Booz and Company.
Car sale in Egypt are in the fast lane, increasing by 43 per cent in January of this year, the latest report from the Automotive Marketing Information Council (AMIC) shows.
Private sector teachers in Lebanon join government colleagues as strike action over the long-debated salary increases enters its second week.
Saudi Arabia is moving itself to become the centre for tourism in the MENA region, including massive new infrastructure projects and a new airport in Jeddah.
More than half of people working in the Middle East and North Africa (MENA) want to quit their jobs, according to a new study.
Iranian oil will continue to slip up as western sanctions on the Islamic Republic's alleged nuclear programme continue to hurt exports.
February 24, 2013
It's a scrumptious affair for food lovers and traders, as the Gulf's largest food industry event - Gulfood 2013 - prepares to showcase over 50,000 food and beverage brands and welcome hoards of industry VIPs to Dubai this week.
The GCC region remains steady in its inflation of 3.3%. The Gulf economies witnessed a moderate 3.0 percent inflation in consumer prices during 2012, down from 3.7 percent in 2011, according to the expert tracking. This is relatively low when compared to the global average inflation of 4.0 percent and the MENA region's 10.4 percent.