January 16, 2013
As the conflict in Syria comes up for its second anniversary and political instability blights Egypt, remittances from Saudi Arabia to these countries has nosedived by up to thirty per cent.
Two years after the revolutions, the MENA economies continue to hurt after with wider MENA growth dropping in 2012.
Despite an economy that is heavily relient on hydrocarbons, the UAE has urged a greener future at the launch of Abu Dhabi Sustainability week and the World Future Energy Summit.
Plans to regenerate the maria in Tripoli, northern Lebanon, has caused consternation amongst locals, but after 20 years of neglect, can residents for the divided city work out a viable future together?
Queen Rania of Jordan used a keynote speech at the World Future Energy Summit in Dubai to say that the global economic slowdown warrants investment in green energy technology.
January 15, 2013
Iran is desperate to maintain its role with OPEC and is thought to have spent $25 billion investing in oil and gas industries, but experts believe that the Islamic Republic must spend more to ensure western sanctions don't affect its role on the organisation.
Kuwait is easing visa-bans on people from six nations, which it introduced in 2011 blaming "security concerns". The relaxation will allow individuals to bring some family members and the rules vary depend on whether they work in the public or private sector.
Jordan is set to launch a new scheme involving 120 government bodies in an effort to provide 18,000 jobs as the official unemployment rate in the Kingdom hits 12.5 per cent.
As protests continue in Bahrain, and concerns remains over human rights abuses in the the small island nation, a new report claims that Bahrain is the most economically free in the MENA region.
As other industries in Lebanon face a difficult future as the 23-month civil war in Syria grinds on, industrial exports are benefitting from the conflict.
The UAE’s information technology market set for another strong year as economic growth heads northwards and consumer confidence gains momentum, with expectations of 13 per cent growth this year.
January 14, 2013
The boss of Lebanon's flag carrying airline, Mohammed Hout, expressed fears that 2013 could be a tough year for MEA as the Syrian conflict grinds on, in addition to a host of internal Lebanese problem.
Equity capital markets issuance reached $9.4 billion last year while total debt issuance reached $38.6 billion in 2012, a 26 percent increase over 2011.
The Abu Dhabi government will invest Dh330 billion to help fund capital projects during the next five years and create 5,000 new job opportunities this year for Emiratis in various sectors in order to upgrade public performance.
January 13, 2013
For the second year in a row, the Port of Beirut is witnessing a phase of rapid growth and expansion in spite of economic slowdown, as the conflict in Syria sees shipping routes redirected.