December 27, 2012
Lebanon is set to launch the tender process today for companies wishing to conduct offshore has drilling as the Cabinet discuss a raft of economic issues affecting the country.
A report published Wednesday by the Dubai Economic Council (DEC) claims the emirate’s financial performance since the crisis of 2009 indicates a “new phase of rapid growth” for Dubai’s economy.
The unions of Bahrain’s national carrier Gulf Air have agreed not to communicate with the airline's executive management about the restructuring of the airline, as the debacle over the future of the flag carrier continues
December 26, 2012
Some Jordanian hotels have been forced to close down or sell properties due to Libya’s delay in paying outstanding dues of Libyan guests who came to the Kingdom for medical care, according to the Jordan Hotel Association (JHA).
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.
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.
Four hundred of Egypt's gas bill collectors go into their 15th day on strike over better wages.
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
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 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
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.
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.
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?
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.
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.