Featured Articles

December 9, 2012

Pricing is an involved process, entailing price reporting agencies (most prominently Platts and Argus) in a central role
07:30 GMT
Differing grades and disturbances among traditional benchmarks and spreads means there is no such thing as the price of oil.

December 6, 2012

More than 750,000 new entrants to the labour market every year, the unemployment rate in Egypt has been on the rise
12:12 GMT
Egypt's Prime Minister Hesham Qandil described the times we are passing through as “challenging”, but reaffirmed the governments plan to create 750,000 jobs by helping small businesses.
CCS is the process of collecting waste carbon dioxide from places where it is heavily produced as a byproduct
11:02 GMT
The UAE plans to invest in Carbon Capture and Storage (CCS) to use carbon dioxide for oil extraction, to both protect the environment and prepare for a time when oil levels get lower in the country, experts have said at the COP18 climate talks in Doha.
Islamic financial institutions are offering various deposit products on the basis of Wakala and Mudaraba, which are reliable sources of Sharia-compliant income for depositors
11:01 GMT
The success of sukuk issuances by financial institutions underline the tremendous potential of Islamic finance industry, experts have said, as the industry goes from the strength to strength.
It is estimated that the government owes the NSSF in excess of $500 million in arrears since the beginning of the year
09:09 GMT
Leading Lebanese businesses voiced their total rejection Wednesday of a Cabinet decision to hike a ceiling on National Social Security Fund fees, as private hospitals and labor unions hailed it as step toward improving the fund’s services.
Public-private partnerships (PPPs) is the long-term solution to increase the supply of affordable housing in the market
08:49 GMT
The government in the UAE needs to give the private sector more incentives to encourage investment in the affordable housing market, which traditionally has low profit margins, industry experts said.
Gold buying by the global central banks will hit a new high this year as they look for safe heavens
03:00 GMT
Gold buying by the global central banks will hit a new high this year of more than 500 tons up from 465 tons in 2011, according to new data, as they look for safe investments.

December 5, 2012

Saudi Arabia is currently undergoing a major metamorphosis with several major rail projects being built on a 7000km network
11:05 GMT
Saudi Arabia is expected to invest $45 billion for establishment of its mammoth 7000 km railway network which will include major projects such as the Saudi landbridge, Haramain High Speed Rail and the GCC Rail network.
Growth in the Middle East has slowed but the region is still outperforming much of the world, according to ICAEW’s latest quarterly report
10:47 GMT
Economies in the Middle East need to diversify and remove their dependency on oil, es experts warn that growth in the region is slowing and that without non-oil revenues, nations won't be able to sustain current spending patterns.
Lebanon needs to invest in Liquified NAtural Gas, experts say
06:38 GMT
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts at the conclusion of the Lebanon International Oil and Gas Summit Tuesday.
As the conflict in Syria grinds on, businessmen are fleeing
04:00 GMT
With mounting violence in Syria, a large number of businessmen have started transferring their money and business to Egypt, Turkey’s state Anatolia News Agency reported this week.
No sleep required: internet users in MENA region spend more time surfing than sleeping
03:00 GMT
People in the Middle East and North Africa (MENA) spend more time using the Internet, reading and watching media outlets than they do sleeping, according to new figures released.

December 4, 2012

The Arab Spring showed the power of ICT to help people voice their legitimate demands for human rights and greater accountability
11:18 GMT
United Nations Secretary-General Ban Ki-moon made an impassioned plea for a free internet at the World Conference on International Telecommunications, as the Syrian government recently showed the ability to repress the internet and citizens.
The US tops the list of importers with $2,265 billion of imports in 2011
11:18 GMT
The UAE exported $285 billion in merchandise trade in 2011, making it the world’s 20th biggest exporter, according to the most recent classification done by the World Trade Organisation (WTO) Secretariat.
Saudi Arabia is one of the few countries in the world that has not applied fees on foreign labor despite this law being applied in countries around the world
11:03 GMT
Prince Alwaleed bin Talal, chairman of the Kingdom Holding Company (KHC) and chairman of the Board of Alwaleed Bin Talal Foundation, praised the so-called 'Saudization' plan, which the Kingdom hopes will reduce high-levels of unemployment.