Featured Articles

November 29, 2012

Lebanon's Euroband auctions have been hit my violence in Syria and Gaza
09:42 GMT
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 Governor, Riad Salameh, is expected to announce a stimulus package
03:00 GMT
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
Telecom revenue in the MENA region is set to boom
03:00 GMT
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

The staff of the state employees fund also announced their adherence to the two-day strike in a separate statement
11:21 GMT
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.
The political situation in Egypt would not delay the approval process
11:07 GMT
Egyptian President Morsi could have jeopardised the $4.4 billion loan that has been agreed between cairo and the International Monetary Fund. Concern is mounting that increased volatility in the economy or political instability could see the deal delayed.
The government organisations are establishing local brands to support the economy
11:07 GMT
The United Arab Emirates is set to launch a new scheme aimed at promoting products that are "Proudly made in the UAE", and it will put in place a general policy to improve national products and their quality.
Banks in Lebanon are looking to expand abroad
06:34 GMT
Lebanon’s biggest bank, Bank Audi, will launch operations in Iraq next year and rival Byblos Bank is to enter the Libyan market as both contend with a flagging domestic economy.
Saudi's non-oil economy set for robust growth
03:00 GMT
Saudi Arabia's non-oil economy is expected to witness robust growth of 7.5 per cent in 2012 on the back of continued high government expenditure and increased domestic demand, said a new report.
The 2013 Oman budget is set to be much higher than it was in 2012
03:00 GMT
Oman's total budget expenditure for financial year 2013 has been estimated at 29 per cent higher than the announced budget expenditure for 2012, and around 12 per cent higher than the amended budget expenditure for this year.

November 27, 2012

Following Norway's example, channeling oil and gas revenues for a sovereign fund would also be highly beneficial to Lebanon's economy
11:12 GMT
Analysis of recently completed seismic data by top multinational companies showed that Lebanon's gas wealth could exceed that of Israel, CEO of Lebanon's upstream oil and gas company Petroleb has said in an interview.
The two presidents also exchanged views on a broad range of issues of mutual concern and latest regional and international developments.
11:12 GMT
The United Arab Emirates and the Ukraine have signed a range of agreements on Monday aimed at boosting bilateral trade agreements, as the Presidents sought to increase their relationship in areas of trade and tourism.
It expected real GDP growth in 2012 to be around 5 per cent - a figure based on 6.4 per cent growth in oil output, together with a 4 per cent growth in non-oil sectors
11:12 GMT
The ratings agency Standards and Poor have upgraded Abu Dhabi's rating, to just under the highest possible score, highlighting the stability tat the Emirate is viewed with, as the agency also announces that is believes Abu Dhabi is “among the wealthiest economies in the world”
Farmers are complaining that the debt cancelation programme is less forgiving than first hoped
06:39 GMT
Egypt's President Morsi had previously said that he would cancel farmers outstanding debt below LE10,000 ($1,666). However, two months later, the farmers said the debt cancellations are only being applied to non-performing – i.e. delinquent –loans.
Omani human traffickers are exploiting the UAEs amnesty
03:00 GMT
In the latest form of human trafficking to come to light, expatriates in Oman are being smuggled by 'agents' to UAE, from where they return to their home countries by taking advantage of an amnesty scheme announced by the UAE government.
Dubai authorities are assisting the booming medical tourism industry with new visa rules
03:00 GMT
Medical tourism in Dubai is looking set to increase after an announcement that overseas patients who wish to seek treatment in Dubai will be able to avail of a three-month medical tourist visa, extendible twice — up to nine consecutive months