December 17, 2012
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 to invest SR 365 billion ($97 billion) in railway projects by 2040, as part of the "Saudi Arabia's Railway Master Plan (SRMP) ."
Social Media is playing an increasing role in business across the region, and experts at the 3rd Arab Social Media Forum, held in Jordan, have predicted advertising revenues to boom because of it.
Recent political instability in Egypt, particularly Cairo, has seen 50 per cent of all bookings for the festive period cancelled, although resorts in Sharm Al-Sheikh are expected to keep 90 per cent of bookings.
Iraq is producing more oil than ever, but this is causing a headache for the rest of the industry and causing Saudi Arabia to lower its own crude export to prevent price declines.
The Moroccan government plans to use microcredits to create two million permanent jobs over the next ten years instead of the one million currently forecasted.
Lebanese banks can reap huge benefits from the Syrian market once a political settlement is reached in the war torn country, the Secretary-General of the Association of Banks in Lebanon said Friday.
December 13, 2012
Non-oil trade in Dubai reached new highs of Dhs1 trillion in the first 10 months of this year, up 13 per cent on the same period in 2011, as the Emirate continues plans to make it the gateway to the region.
The GCC countries are expected to spend billions of dollars to expand their seaports in the coming five years to keep abreast with increasing demand, booming businesses, maritime experts experts have said
Egypt's business community has expressed disappointment with the delay with to the $4.8 billion IMF loan, saying that it will harm the already fragile economic climate in the country.
Hundreds of striking teachers and public sector employees marched in Beirut Wednesday to protest the continued failure of the Cabinet to refer a salary raise to Parliament, but what is the future of the protests movement after so many months?
Libya is trying to increase the production of the Middle Eastern favourite, the olive, in an effort to boost and diversify the economy, which is heavily relient on the hydrocarbon oil.
The International Monetary Fund (IMF) says the Central Bank of Yemen should refrain from any additional lending to the Government, as the post Arab Spring country faces economic and financial challenges.
December 12, 2012
War-ravaged Syria’s economy will shrink by a fifth in 2012 and all its foreign reserves could be spent by the end of next year, a global finance industry association said Monday.
Lebanon is being buffeted by the Syrian civil war and on the home front, Prime Minister Najib Mikati is struggling with restive trade unions over a pay increase for public sector workers, but any false move could hurt the economy.