December 4, 2012
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.
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.