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January 20, 2013

Lebanese banks should place 15 percent of their deposits in Lebanese pounds at an account at the Central Bank
08:03 GMT
As the Lebanese economy continues to struggle in the face of the civil war across the border in Syria, the Central Bank has ordered commercial operations to inject much needed liquidity into the market.
A recent economic report noted that unemployment in 2011 stood at 16 percent in Arab countries where 17 million people out of 300 million are jobless
07:56 GMT
The challenges of the economies of 'Arab Spring' nations continue to dominate the news and should feature highly on the discussion at an economic summit in Saudi Arabia starting tomorrow, according the the Saudi Foreign Minister.

January 17, 2013

Economists do not expect a significant decrease of imports due to the recent devaluations
12:10 GMT
Economies around the globe have often benefitted from devaluing their currency, but experts fear that Egypt's currency plan will leave the country still floundering.
Lebanon’s craft beer brand, 961, started exporting to the U.S. last week
11:57 GMT
Beirut's best beer has headed to the US to try and woo punters in an increasingly crowded microbrewery market.
The contracts included a 50 million euro deal to build a power plant on Syria's coast
11:35 GMT
Syria signed a $1 billion credit facility agreement with Iran Wednesday, during Prime Minister Wael Halqi's visit to Tehran.
Around 102.55 million shares, altogether worth about Dh162.95 million were traded on the market
08:37 GMT
The Dubai stock market hit a ten month high as more foreign investors increase their activity in the Emirate.
To achieve green development, new mechanisms are required to promote innovation and technology diffusion
08:25 GMT
The UAE has announced new plan to develop its National Strategy for Green Growth over the next nine months, in an effort to promote cleaner development and economics.
Lebanon could not continue to spend up to 15 percent of its GDP on fuel imports
08:13 GMT
Oil of the coast of Lebanon could be highly lucrative and help the country reduce the coast of its energy imports.

January 16, 2013

A shipment of 100,000 tonnes of Ukrainian wheat bought for around 30 million euros ($40.1 million) has already arrived this month
12:17 GMT
The civil war in Syria is hurting the economy, forcing the relaxation of trade tariffs on basic commodities to make it easier for fuel and food to reach the embattled country.
Remittances to Arab Spring states fall
11:03 GMT
As the conflict in Syria comes up for its second anniversary and political instability blights Egypt, remittances from Saudi Arabia to these countries has nosedived by up to thirty per cent.
The growth outlook for the Mena region is vulnerable to a combination of domestic and global risks
11:01 GMT
Two years after the revolutions, the MENA economies continue to hurt after with wider MENA growth dropping in 2012.
UAE leads chorus for more clean energy investments
07:06 GMT
Despite an economy that is heavily relient on hydrocarbons, the UAE has urged a greener future at the launch of Abu Dhabi Sustainability week and the World Future Energy Summit.
A new waterfront development in Tripoli with high-end restaurants, shops and accommodation will either give a badly needed boost to an impoverished city, or it will further divide an already fragmented society
06:48 GMT
Plans to regenerate the maria in Tripoli, northern Lebanon, has caused consternation amongst locals, but after 20 years of neglect, can residents for the divided city work out a viable future together?
Queen Rania said the Arab world has the richest and the poorest countries in energy in spite of proximity of energy resources
06:33 GMT
Queen Rania of Jordan used a keynote speech at the World Future Energy Summit in Dubai to say that the global economic slowdown warrants investment in green energy technology.

January 15, 2013

The sanctions have slashed tens of billions off Iranian oil revenues over the past year
11:55 GMT
Iran is desperate to maintain its role with OPEC and is thought to have spent $25 billion investing in oil and gas industries, but experts believe that the Islamic Republic must spend more to ensure western sanctions don't affect its role on the organisation.