January 15, 2013
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.
Despite previous insistence that oil should be at $100 a barrel, it now looks like Saudi Arabia is hoping for an extra ten dollars on a barrel, owing to changes in production levels in the Kingdom.
Inflation in Abu Dhabi remained low in 2012, with the CPI rate recording a 1.1 per cent increase, easing on the figures from 2011.
A fifth of the world’s tallest 100 towers are currently located in Dubai, according to a latest report issued by the Council on Tall Buildings and Urban Habitat (CTBUH).
Real GDP growth in the GCC is likely to have slowed from 7.8 percent in 2011 to an estimated 5.7 percent in 2012.
The Middle East and North African (MENA) countries are expected to pump nearly $250 billion into power projects over the next five years to expand generation capacity and meet the growing domestic demand.
January 10, 2013
The boss of Middle East retail stalwart Spinneys has been removed from his position after claims he was damaging the reputation of the business.
Egypt will sign a long-awaited financing deal with the International Monetary Fund (IMF) before upcoming parliamentary elections, hinting that elements of the government’s economic program could be subject to change in a revision
An overwhelming majority of residents in the region support the idea of Dubai hosting the 2024 Summer Olympics, according to a study.
As Lebanon braced for another day of extreme weather, Public Works and Transport Minister Ghazi Aridi has approved more emergency funding to help those affected.
Qatar’s prime minister has dismissed claims that his country was seeking to dominate Egypt’s politics and economy as “silly jokes.”