Featured Articles

December 26, 2012

GCC economies are set to have a good 2013, buoyed by high oil prices
13:24 GMT
The GCC countries are expected to grow about five per cent in 2013 on a non-oil real GDP basis while oil prices will stay close to $100 per barrel keeping these countries budget finances in surplus, a report said.
Oman has beaten all other GCC nations in a World Economic Forum energy league table
13:04 GMT
The Global Energy Architecture Performance Report 2013, published by the World Economic Forum (WEF), has Oman in 76th place and heading GCC countries in the global ranking of energy systems.
Strike gas workers in Egypt highlight the problems of the country's economy
11:43 GMT
Four hundred of Egypt's gas bill collectors go into their 15th day on strike over better wages.
As the conflict in Syria grinds on, daily necessities such as bread are harder to buy
11:10 GMT
As the civil war in Syria grinds on, daily life in Syria gets harder, with long queues from bread and inflated prices.

December 25, 2012

A new campaign is hoping to use technology to reduce poverty
06:00 GMT
The poverty rate in Yemen has reached almost 55 percent and poverty among youth has increased to 60 percent, according to a report released by the World Bank in 2012, but a new scheme is using technology to halt the growing trend.
Qatar has raised its growth forecast as infrastructure projects gain speed
03:00 GMT
Qatar raised its forecast for economic growth next year and said that while prices would rise considerably as huge infrastructure-building plans gained speed, some fear the spectre of inflation.

December 24, 2012

Dubai Airports revealed that traffic is forecast to reach 66 million in 2013
11:15 GMT
Passenger traffic at Dubai International is all set to surpass the projected target of 56.5 million for 2012, as the world’s fourth busiest hub for international passengers racked up another month of double digit growth this November with an eye on 66 million passengers next year, according to a report.
The number of Syrian journalists killed inside the country defeated the number of killed foreigner journalists
11:14 GMT
2012 proved to be one of the deadliest on record for journalists across the world, with Syria being one of the most dangerous places on earth to work in the industry, claiming the lives of 90 people.
Americans consume roughly 18.5 million barrels of oil daily, a mere $8 increase in the price per barrel would sap $1 billion per week from the U.S
10:51 GMT
The last twelve months were characterised by the ramping up of propaganda by Israel and Iran over the possibility of a war, reaching the climax with the 'BiBi Bomb', but would would be the cost of any war in 2013?
China is driving the demand of GCC-region goods as exports increase
09:01 GMT
Exports from the GCC countries to China rose to $7.1 billion in October from a yearly low of $4.9 billion in August, marking a 45.6 per cent increase in just one quarter, a report said.
One construction worker dies every five dies in Jordan
08:00 GMT
New figures from Jordan show that constructions workers are dying at the rate of one every five days, causing the government's Social Security Corporation (SSC) department to launch a health and safety campaign.
GCC states helped billions of dollars flow out of the country illegally between 2001 and 2010
03:00 GMT
More than US$400bn of illicit cash flowed out of the six GCC countries between 2001 and 2010, according to a report by a global financial watchdog.

December 23, 2012

It found that about 50 per cent of Internet users aged between 15 and 24 years use the web as their main source of information
11:24 GMT
The internet is changing the media industry the world over, from the rise of so-called 'citizen journalists' to newspapers struggling to get consumers to pay for what they can often get for free online, but what is the future for the media in Jordan?
The growth of PE investment in MENA is expected to be driven by funds that target healthcare, education, infrastructure, oil & gas services and consumer-focused industries
11:24 GMT
Saudi Arabia and Egypt are poised to become Mena region’s most attractive private equity destinations according to regional experts, driven by funds targeting healthcare, education, infrastructure, oil & gas services and consumer-focused industries.
The emirate of Abu Dhabi produces more than 90 per cent of the UAE’s crude oil output, the bulk of which is exported
11:13 GMT
The UAE, on average, produced 2.65 million barrels per day (bpd) of oil in November, 0.75 per cent lower than its output in October, latest data from the Paris-based International Energy Agency (IEA) showed, but there are plans to increase output.