Featured Articles

December 19, 2012

Oui! French Development Agency has loaned Egypt $57 million in 2012
07:29 GMT
The French Development Agency (FDA) has contributed €430mn to the Egyptian economy in 2012, the highest since the beginning of its mandate in Egypt.
Investors are targeting Iraqi and Libyan oil
06:59 GMT
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

Saudi Arabia's oil minister has said he think demand and oil supply are stable
11:45 GMT
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 IMF describes the Moroccan banking sector as 'resilient'
11:31 GMT
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.
Retailers in Lebanon have faced a tough year
11:04 GMT
Beirut has had a tough year, with a sharp decline in tourism and an acute economic slowdown
Jordan has implemented a raft of austerity measures to please the IMF, including reducing fuel subsidies
07:56 GMT
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 has formally asked Egypt to delay the IMF loan
07:09 GMT
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.
Yemen is in the grips of a food crisis
03:00 GMT
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

The UAE and Saudi Arabia are leading the way for renewable energy in the region
11:52 GMT
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 Syrian economy is at crisis point
10:49 GMT
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.
Bus drivers in Yemen complain of the 'organizers' who can be imposters and act violently
09:03 GMT
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 is up
08:00 GMT
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.
Private sector wages in Lebanon increased by 11 per cent this year and are expected to grow again in 2013
07:45 GMT
Salaries in Lebanon increased by 11 per cent this year, and will continue to grow at 8 per cent next year, according to the international management consultancy, Hay Group.
Kuwait it trying to recoup losses on unpaid water and electricity bills
07:34 GMT
Authorities in Kuwait are taking a harder line with people with arrears on their utility accounts by disconnecting user with large debts as part of a scheme to recover millions of dinar of unpaid bills.

December 16, 2012

Saudi Arabia is planning a big investment in the rail industry
12:56 GMT
Saudi Arabia is to invest SR 365 billion ($97 billion) in railway projects by 2040, as part of the "Saudi Arabia's Railway Master Plan (SRMP) ."