Featured Articles

September 16, 2012

Recent protests against the PA illustrate there is still no freedom for Palestinians
13:58 GMT
While the political horizons have collapsed on them, Palestinians now face the deepest economic crisis in recent memory. A backlash is inevitable
Bank Muscat are underwriting Alizz Islamic bank, proving the success of the Islamic banking model
13:09 GMT
The continued success in the Islamic banking model was illustrated when Alizz bank announced it is to launch an Initial Public Offering of 400,000,000 share.
Drastic reform is needed in Kuwait to improve the economic situation in the Gulf state
10:58 GMT
Despite the oil sector booming in the Gulf state, drastic reform is needed in the Gulf State to increase its competitiveness within the GCC

September 13, 2012

Violence flared in Egypt and Libya after a film clip was posted to the site YouTube, but they have refused to remove the clip, but have blocked access to it
10:20 GMT
Following the violence in Egypt and Libya, which resulted in the death of the US Ambassador and 3 fellow Americans, YouTube has blocked access to the film clip that allegedly sparked the violent protests.
Government bonds in Egypt remained at B2 status, but Moody's say they have a negative outlook for the future
06:55 GMT
The ratings agency Moody's has confirmed that the Egyptian governments bond ratings are to remain at 'B2' status, with a negative outlook.

September 12, 2012

The ubiquitous iPhone, but how did the product come about?
14:35 GMT
The remarkable story of how tech giant Apple, which has been credited for creating the revolutionary iPod and Mactintoch computers, and how it invented its first iconic iPhone, has been finally revealed.
The attack hit Aramco, one of the larger oil producers in the world, on Aug. 15
10:27 GMT
Saudi Aramco confirmed this week that investigations were still underway to find out the origins of a virus named “Shamoon” which attacked the company's networks last month.
Illegal vis trading is causing unemployment and creating a bad image of Saudia Arabia around the world, according to minister
10:20 GMT
The black market for visa's in Saudia Arabia is booming, with 30 per cent of the visa's that are issued ending up being traded illegally. The trade in visa's is being blamed for the rise in unemployment in the Kingdom, which the government is desperate to reduce.
With a good urban transport service the number of car journeys could be cut and road safety improved
09:04 GMT
A modern, energy-efficient mode of public transport system for Oman is the need of the hour, said Anthony Pearce, honorary life member and former director-general of the Geneva-based International Road Federation.

September 11, 2012

Fancy a brew? Argo Tea is set to launch a store in Lebanon, trying to do for tea, what Starbucks did for coffee
15:02 GMT
Like Starbucks but don't like coffee? Argo Tea set to expand in to the 'window of the Middle East', with their first store outside of the US.
Taxation on tobacco products in the eastern Mediterranean region is one of the most under-utilised tools for tobacco control
13:58 GMT
The Ministry of Finance (MoF) has given its go-ahead to increase taxes on all tobacco products, according to a senior official from the Ministry of Health.
The union complied and invited delegates directly from union boards
12:50 GMT
The GFBTU has over 60 trade unions covering close to 15,000 members under its umbrella, but only trade union heads can nominate themselves to contest seats on the GFBTU board.
Inflation is easing in South Sudan, but fuel crises remain a concern
11:31 GMT
South Sudan's inflation has dropped from 60.9 per cent in July, to 43.3 per cent in August, the National Bureau of Statistics reveled. After seceding from its northern neighbour in 2011, fuel crises have rocked the new nation causing massive inflation.

September 10, 2012

The consumer spending growth moderated thus far in 2012 following an unprecedented year in 2011
14:47 GMT
The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according to a report by the National Bank of Kuwait (NBK).
Gold: The safe haven
13:32 GMT
The increasing price of gold is evidence in the lack of confidence in the global economy, as investors seek the traditional safe haven of the precious metal. Gold prices are helped by the 6 per cent decline in supply caused by lower recycling levels