Featured Articles

December 13, 2012

Investors saw the IMF loan as a lifeline for those looking to put their money into the Egyptian Stock Exchange
11:30 GMT
Egypt's business community has expressed disappointment with the delay with to the $4.8 billion IMF loan, saying that it will harm the already fragile economic climate in the country.
Can Lebanon's Prime Minister Najib Mikati resolve the crisis?
08:16 GMT
Hundreds of striking teachers and public sector employees marched in Beirut Wednesday to protest the continued failure of the Cabinet to refer a salary raise to Parliament, but what is the future of the protests movement after so many months?
Libya is trying to diversify its economy into the green gold of olive oil
06:00 GMT
Libya is trying to increase the production of the Middle Eastern favourite, the olive, in an effort to boost and diversify the economy, which is heavily relient on the hydrocarbon oil.
The IMF has issued a stark warning on the Yemeni economy
03:00 GMT
The International Monetary Fund (IMF) says the Central Bank of Yemen should refrain from any additional lending to the Government, as the post Arab Spring country faces economic and financial challenges.

December 12, 2012

The Syrian economy is at risk of collapse, economists have warned
12:00 GMT
War-ravaged Syria’s economy will shrink by a fifth in 2012 and all its foreign reserves could be spent by the end of next year, a global finance industry association said Monday.
The proposed tax will target newly constructed buildings in Beirut and other regions and would allow developers to rise higher than current zoning regulations permit
11:28 GMT
Lebanon is being buffeted by the Syrian civil war and on the home front, Prime Minister Najib Mikati is struggling with restive trade unions over a pay increase for public sector workers, but any false move could hurt the economy.
The cabinet was neither consulted nor informed about the president’s sudden decision to suspend the new tax law
11:13 GMT
Egypt's embattled president, Mohammed Morsi is facing more criticism over the handing of the $4.8 million IMF deal, which has been put on hold as political turmoil grips the country, but can the economy survive?
100 million new jobs need to be created in the Middle East
06:39 GMT
The huge gap between the supply of qualified youth and the market requirements is one of the key reasons behind rising unemployment in the Middle East and North Africa region, experts have said.
Egyptian tourism bosses have criticised the latest move to increase the tax on certain goods
04:00 GMT
Officials in the Egyptian tourism industry criticised the government latest measures, which have been temporarily frozen, to raise taxes on selected goods.
Is Egypt's president holding up the Central Bank of Egypt?
03:00 GMT
Egypt's President Morsi is set to issue a modification to two articles in the laws governing the Central Bank of Egypt within days, which grants himself more authority.

December 11, 2012

Silver bars
12:54 GMT
A look at the risks of investing in silver.
The U.S. is expected to become energy self-sufficient in 2020, and to become an oil exporter by 2030
09:35 GMT
It's not new news, but the notion that the United States is no longer depending on the Middle East for oil as it retires out of the region it once had the hots for is all the buzz on the global street. Is the US really turning its back on the Arab and Muslim world in favor of the far East?

December 10, 2012

More than one third (37%) of industry employees are satisfied
13:29 GMT
According to a recent survey, telecom workers are among the most satisfied professionals in the MENA region.
Solar energy
12:53 GMT
MENA is set to pump even more money into renewable energy projects over the next 12 months, according to an industry expert.
The virtue of Islamic finance is the creation of real value in the economy thus creating real growth and jobs
10:27 GMT
Saudi banks are doing a good job in the field of Shariah-compliant financing and are creating more excitement in the world about the industry, says SEDCO Capital CEO Hasan S. AlJabri.