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January 23, 2013

Airports at Riyadh and Jeddah cater to approximately 75 per cent of the total traffic
08:26 GMT
As Saudi Arabia's economy continues to grow, boosted by high oil prices, fears are rising that the Kingdom's transport infrastructure will soon not be able to cope.
Recent explorations in Iran have found new oil and gas reserves on borders with Turkmenistan and Iraq
08:03 GMT
Iran has discovered new oil fields near the Iraq and Turkmenistan borders, but with Western sanctions hitting the Islamic Republic's ability to export, will Tehran be able to exploit the new discoveries?

January 22, 2013

Demand for food will increase by 35 percent, and the global food production outlook will worsen due to climate change patterns
12:29 GMT
Lebanon's economy is facing uncertain times, with conflict over the border in Syria and a tourism industry in decline, but it can survive if it adapts, according to a leading policy expert.
GCC countries offered $ 5 billion in aid to Jordan and Morocco to implement developmental projects and a similar assistance package to Yemen
12:13 GMT
An official with the GCC has urged the Arab League to set realistic goals for the regions economy, which is continuing to struggle in the wake of the Arab Uprisings.
Crown Prince Salman bin Abdulaziz Al Saud, Deputy Premier and Minister of Defense kicks off the Arab Economic Forum in Riyadh
11:26 GMT
The King of Saudi Arabia, Abdullah bin Abdul Aziz, unveiled a new financing initiative at the third Arab Economic Summit, designed to help poor Arab countries.
The G8 is to help Arab Spring nations with investment in SMEs and asset recovery
09:09 GMT
The G8 group of developed nations, currently chaired by the UK , is to assist Arab Spring economies with support of SMEs, asset recovery
The Egyptian pound continues to slide against the dollar as investors hope the IMF deal will shore up the currency
08:22 GMT
The Egyptian pound continued its downward trend on Monday after hitting another record low in the wake of a Sunday currency auction held by the Central Bank of Egypt (CBE).
As Jordanian head to the polls tomorrow, candidates economic policies all share the same ideas
08:06 GMT
As Jordan heads to the polls tomorrow, facing a worsening economy, almost all candidates share the same approach for the economic and financial woes fo the Kingdom.

January 21, 2013

Demand for Opec crude will average 29.07 mbpd in the first half of 2013
12:48 GMT
OPEC is predicting that demand for its crude in 2013 will be lower due to higher supply from rival producers, indicating inventories could build up substantially even after a cut in output by top exporter Saudi Arabia.
Despite many general slogans, the report concluded that some lists do provide coherent plans to address economic challenges
12:30 GMT
As Jordanians prepare to go to the polls on Wednesday, candidates knowledge of the economy could hurt the Kingdom as it faces a weakening economy and prepares for a loan agreement with the International Monetary Fund.
The number of tourists that visited Lebanon in 2012 fell more than 17 percent from 2011 and 37 percent below the levels recorded in 2010
11:56 GMT
Though no major foreign investors have definitively pulled out of Lebanon’s embattled hospitality sector in 2013, at least two hotel chains have put construction on hold and others are shrinking existing operations in anticipation of the rocky period ahead.
Exports to Kuwait at 17 per cent to Dh17.2 billion; and to Bahrain 11 per cent to Dh3.4 billion
10:35 GMT
The Dubai to GCC export market has shot up, rising by by 51 per cent in 2012, with Saudi Arabia proving to be the biggest net importer of goods from the Emirate.
The UAE operating environment is likely to remain subdued in 2013
08:17 GMT
The UAE's banking industry looks set to remain profitable, despite weaker asset growth, according to ratings agency Fitch.
According to NBK, oil prices will average $100 per barrel over the forecast horizon – a level that allows most GCC governments to finance higher spending without draining their financial reserves
07:17 GMT
GCC economic growth is set to slow to 3.6 per cent in 2013 from 5.4 per cent in 2012 as the three-year surge in regional oil production comes to an end, a new report claims.

January 20, 2013

OPEC s spare capacity reaching six million bpd by 2015 the highest since the late 1980s
12:14 GMT
As the Algerian hostage situation played out, increasing fears over security at installations across the region, oil prices spiked, helped by fresh worries over Saudi Arabian oil output came to the fore.