December 6, 2012
Gold buying by the global central banks will hit a new high this year of more than 500 tons up from 465 tons in 2011, according to new data, as they look for safe investments.
December 5, 2012
Saudi Arabia is expected to invest $45 billion for establishment of its mammoth 7000 km railway network which will include major projects such as the Saudi landbridge, Haramain High Speed Rail and the GCC Rail network.
Economies in the Middle East need to diversify and remove their dependency on oil, es experts warn that growth in the region is slowing and that without non-oil revenues, nations won't be able to sustain current spending patterns.
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts at the conclusion of the Lebanon International Oil and Gas Summit Tuesday.
With mounting violence in Syria, a large number of businessmen have started transferring their money and business to Egypt, Turkey’s state Anatolia News Agency reported this week.
People in the Middle East and North Africa (MENA) spend more time using the Internet, reading and watching media outlets than they do sleeping, according to new figures released.
December 4, 2012
United Nations Secretary-General Ban Ki-moon made an impassioned plea for a free internet at the World Conference on International Telecommunications, as the Syrian government recently showed the ability to repress the internet and citizens.
The UAE exported $285 billion in merchandise trade in 2011, making it the world’s 20th biggest exporter, according to the most recent classification done by the World Trade Organisation (WTO) Secretariat.
Prince Alwaleed bin Talal, chairman of the Kingdom Holding Company (KHC) and chairman of the Board of Alwaleed Bin Talal Foundation, praised the so-called 'Saudization' plan, which the Kingdom hopes will reduce high-levels of unemployment.
The internet has revolutionised the way that business and relationships work in the 21st Century, but doing business online has taken time to catch on in the UAE, with mixed levels of net-penetration across the region.
Lebanon's Prime Minister, Najib Mikati, has labeled an the Syrian refugee crisis an “urgent humanitarian situation” and has asked donor countries for $178 million to ease the situation.
The Middle East's renewable energy market is set to expand, although it currently lags behind the rest of the world, with only 2.1 per cent of energy coming from renewable sources.
December 3, 2012
Online hacking and activist group 'Anonymous' have declared a cyber war on Syrian government websites, in response to the internet blackout blamed on Assad's regime.
Growth in businesses in Saudi Arabia is at a one-year low, caused in part by public holidays in November, but the Kingdom's economy remains robust against outside influences, buoyed by high-oil prices.
A series of recently issued economic indicators showed a persistent decline across Lebanon’s tourism, real estate, trade and banking sectors as fears of a spillover of the Syrian crisis continue to weigh on Lebanese consumer confidence.