December 19, 2012
The plan for a new 'Gulf Union', which would supersede the existing GCC and bring member states even closer together, is facing delays a member-states disagree
Lebanon's economy has had a tough year, with bombings, a Gulf tourist boycott and the Syrian civil war all adding pressure to the downturn. But the government is planning to take a series of short-term measures in an effort to shore-up the ailing economy.
The retail industry in the GCC is set to thrive due to increasing purchasing power, growing expatriate population, changing lifestyle and an expanding tourism and hospitality industry, said an expert.
The French Development Agency (FDA) has contributed €430mn to the Egyptian economy in 2012, the highest since the beginning of its mandate in Egypt.
It has been a volatile year for the oil and gas industry but new developments in the industry are pointing to positive news for 2013 for Iraq and Libya, both in the phases of their oil industries.
December 18, 2012
Global oil supplies are plentiful and demand is good, while buyers and sellers are happy with current prices, top exporter Saudi Arabia’s oil minister Ali Al-Naimi said on Tuesday.
The International Monetary Fund finished a tour of the North African country today, reporting that the country has "sound economic fundamentals" with particular praise for the banking sector.
Beirut has had a tough year, with a sharp decline in tourism and an acute economic slowdown
Delegates from the International Monetary Fund (IMF) are currently in Jordan and they are satisfied with the Kingdom’s economic reforms, despite continuing fears for the ailing economy.
The US government has formally asked the Egyptian government to delay the $4.8 billion loan from the International Monetary Fund, after Egypt failed to raise taxes on certain goods, in line with the IMF prescription.
For decades Yemen has suffered critical food shortage affecting nearly half the country’s population of 25 million, including hundreds of thousands of children.
December 17, 2012
Saudi Arabia and the UAE are expected to lead Middle East and North Africa region’s generation of renewable energy, according to a report.
The anti-regime locals who have thrown together a ramshackle administration to run this northern Syrian town have one main struggle: Finding money to keep their community alive.
In Yemen, minibuses are a lifeline, providing transport for the masses and much needed employment for many, but unlicensed organizers are supposed
Oil demand in China rose at its fastest pasce in two years in November, calming fears in the MENA region that a prolonged decline could lead to a decrease in revenues for oil exporting nations.