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The work of the Ministry of Finance is being obstructed at every corner by bureaucracy and an IT system that presents more problems than solutions. (Photo: Marwan Tahtah)
Lebanese union accuses finance ministry of 'intentional errors'
13:18 GMT
The Union Coordination Committee Wednesday accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament.
Egypt to boost fuel supply to ease po2wer shortages
Egypt to sink some $700 million to easy electricity shortages
12:13 GMT
The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough fuel.
Pakistan had received similar help from the Saudis in 1998
Saudi 'likely' to bailout Pakistan energy with $15 billion
11:03 GMT
Pakistan may get a bailout worth up to $15 billion from Saudi Arabia for its troubled energy sector, a Pakistani official told Dawn newspaper.
Brands have also begun to appreciate the importance of digital.
ME digital ad spend to increase 10 times in 5 years - expert
06:00 GMT
Regional online advertising spend is growing at a rate of around 25-30 per cent every year.
Newsweek.com will be entirely free to begin with, but there are plans to introduce a metered pay wall.
Newsweek punctuates 80 years of print with digital transformation
05:00 GMT
Newsweek re-launched the website in tandem with the US based design firm Huge, with three-to-five feature stories from Newsweek’s tablet edition (called Newsweek Global) will go live on the website.
Those who want to take the gold iPad home with them will be able to buy them from the hotel’s boutique
Dubai bling culture reaches 24-carat iPads
05:00 GMT
Opulent devices provide guests with quicker access to services and part of wider technology push

May 22, 2013

Manufacturers are waiting for interest in hybrids to grow
Will Emirates love for environment drive in hybrid cars?
05:00 GMT
Hybrid cars are reaching the Gulf in limited numbers. But those who want to do their bit for the environment, or make a statement, will have to dig deep into their resources.

May 21, 2013

Developed markets poured leveraged capital into the UAE
UAE witnessing increasing foreign capital influx — Invesco study
13:30 GMT
The UAE is increasingly becoming a preferred destination for foreign private capital as the country proved a safe haven for investors amid the political turmoil in the Arab world.
"Annual credit growth is likely to be closer to 14-17% y-o-y"
Qatar expansion driving down credit growth - Barclays
10:11 GMT
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

May 20, 2013

Spending on interiors is expected to increase 28 per cent
UAE to spend $1.5 billion on interior design
13:48 GMT
The UAE is expected to be the biggest spender in the GCC on home interiors and fit-outs, with an estimated $1.5 billion (Dh5.5 billion) budget in 2013 as the country’s residential market continues to grow.
46 percent of Internet users in the UAE shop online
Lebanon e-retail revolution underway
11:45 GMT
The arrival of PayPal promises to create a new landscape for online shopping.
The UAE wants more of its youth to be entrepreneurs.
Emiratisation? Less expats, more locals wanted in entrepreneurship sector
10:46 GMT
The UAE wants more of its youth to be entrepreneurs.
Turkey woos Gulf nationals as property investors
Turkey new hotspot for GCC real estate investors
05:40 GMT
Priding itself as the gateway between Asia and Europe, Turkey is successfully attracting Gulf nationals to its real estate sector.

May 19, 2013

GCC currencies
GCC is 13th largest world economy - Bahraini Minister
13:41 GMT
Gulf hydrocarbon producers emerged as the 13th most powerful economy in the world in 2011 while strong oil prices allowed them to become the fifth largest exporter with the highest trade surplus.
UAE’s international tourism receipts are somewhat close to $10 billion
If you're touring the Middle East, you're likely going to UAE
12:39 GMT
The UAE is the world’s 31st popular tourism destination and the most popular in the Arab World, ahead of Egypt — ranked 32nd and Saudi Arabia ranked 35 — in terms of tourism receipts.