January 9, 2013
Private sector companies face penalties if they fail to give three per cent annual salary increment to employees who have not under performed, a senior official at Oman’s Ministry of Manpower has warned.
Egypt’s Railway Authority is set to begin development on a new electric railway system in March, extending from Alexandria to Cairo.
As Bahrain upholds life sentences against activists, the government is trying to woo nearly 40,000 pensioners with a plan to offer discounted services.
January 8, 2013
After announcing a record 2013 budget, the House of Saud has a bright future ahead, but lower than expected oil prices could hurt the big-dollar spending plans.
Despite strong growth over the last years, Lebanese banks are expecting a quieter 2013 as lending rates are set to drop.
A Kuwaiti research group has predicted that Saudi Arabia will record a budget surplus of SR 349 billion in 2013, based on its assumption of a base case oil price of $102 per barrel.
As the crisis in Syria continues, The Daily Star spoke to the president of the Association of Banks in Lebanon, Joseph Torbey, about its impact on the sector.
The UAE’s industrial sector contribution to the GDP is expected to increase by three per cent this year over 2012 driven by petrochemicals, aluminium and steel products, the country’s minister of economy said on Monday.
January 7, 2013
With inflation rates expected to be lower than the average pay rise in 2013 in the MENA region expected that the expected increases will lead to a real pay growth for the working population, a sign of development in the region
More crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahead of Saudi Arabia, Energy Ministry data showed.
Gulf petrochemical producers are exploring opportunities to expand capacity, diversify production and realise the region’s full potential to meet oncoming challenges and opportunities, said an expert.
Part of Bahrain's real estate sector has halved in value as a result of the unrest, said a new study, adding that only a handful of investors have gone ahead with development projects since February 2011.
Standard & Poor’s Ratings Services ranked Lebanon in the high-risk group eight in its latest Banking Industry Country Risk Assessment.
January 6, 2013
Output from the OPEC group of twelve oil-producing nations is at its lowest level for more than a year after western sanctions against Iran take hold and top producers Saudi Arabia and Iraq productions levels dip.
Gulf investment is usually focused on Europe and the US, but the slowing global economy is seeing Gulf-based investors to start in invest in Africa.