December 3, 2012
Saudi Arabia’s housing stock is expected to expand from 4.6 million units in 2010 by 2.4 million units during the next 10 years, with expenditures reaching SR1.3 trillion ($346 billion), a report said
In a strong signal of Dubai’s fast-growing position as one of the world’s leading medical capitals, the sector in the emirate is projected to be worth $10.9 billion (Dh40 billion) by 2013.
December 2, 2012
As Egypt deals with another round of political turmoil, and rumours flying over the continued viability of the IMF loan, the Prime Minister Hisham Qandeel has announced new policies to attract foreign investment
Protests last week in Libya outside an oil refinery illustrate just how vulnerable the country is, despite being an oil-rich nation, it lacks enough plants to refine oil for use by the population.
Lebanon's Central Bank governor Riad Salameh has projected that inflation to reach 6 percent while the balance of payments deficit will exceed $2 billion at the end of this year, as the central bank looks for ways at boosting the economy.
Smartphone markets in the Middle East are on the rise, with the new Apple iPhone 5 and Windows Phone 8 expected to get the lions' share of an ever increasingly competitive market.
Tunisia has just received a 200-million dinar ($127 million) development package from Libya, which is being used to help cover Tunisia's budget deficit but the move has caused some criticism in Tripoli.
A leading banker in Lebanon has called for action to restore the confidence of investors in the region, as the country is buffeted from the Eurozone and the Syrian civil-war.
November 29, 2012
The Organisation for Economic Co-operation and Development (OECD) has downgraded its global growth forecast, as fears remain over the US Fiscal Cliff, the Eurozone, Middle East tensions and a slowdown in the Chinese economy
Abu Dhabi National Energy Company (Taqa) announced on Wednesday that it has agreed to buy oil and gas assest in the North Sea from BP, in a deal worth $1 billion.
Egyptian Prime Minister Hisham Qandil has finally announced the economic reform package for the embattled country, which is required by the International Monetary Fund to secure a $4.8billion loan.
The volatile situation in Syria and the sudden war on Gaza made Lebanon’s last Eurobond issue less appealing to Arab and foreign investors despite the Finance Ministry’s success in securing $1.525 billion of this bond.
Lebanon’s Central Bank is putting a stimulus package in place to boost its bruised economy, which has taken a hit by its troubled neighbour Syria
Telecoms revenue in the Mena region is expected to grow by 27 per cent, at a compound annual growth rate (CAGR) of 5 per cent, over the next five years to hit $96.4 billion in 2017 from $70.3 billion in 2011, a report said.
November 28, 2012
Lebanon is on strike mode for the second day, with protests planned across the country. The strikers are hoping to force the government to agree to pay increases, in a long-running debacle that has seen public sector workers take industrial action several times.