December 18, 2012
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.
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.
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.