November 14, 2012
Iraq is annulling a $4.2 billion arms deal with Russia it reached earlier this year over concerns about possible corruption, an Iraqi government spokesman said, but Baghdad denies US involvement in the decision.
Hundreds of tariffs imposed by Saudi Arabia on imports risk holding back the full operation of the GCC customs union in 2015, say UAE officials
Smoking shisha is a national past-time in Egypt, but soon it will have to be done at home after 2 AM, after a presidential order to that could be good for workers and Cairo alike.
Lebanon's chances of approving a draft law to finance a controversial salary scale are dim if not nonexistent, ministers and experts say, after a bitter battle including strikes.
November 13, 2012
Cairo's street vendors are every much as part of the city as Koshary and bad traffic, but much of the congestion is being blamed on the sidewalk-sellers. In Morsi's 100 day plan, he promised to remove them, but what lies behind the ubiquitous stalls?
The World Economic Forum on the Global Agenda happening in Dubai has called for nations to increase co-operation to ensure that the so-called 'global community' can work together to meet the needs to citizens.
The UAE's President has issued a decree that seeks to cut down on alleged cyber crime. Whilst some aspects of the law appear laudable, it also makes it illegal to use the internet to damage national unity or social peace. Is the President fearful of the Arab uprisings reach their shores?
Promoting joint investments, technology transfer and human resources development are some of the talking points on the agendas of the EU Egypt Task Force Business and Tourism Summits being held in Egypt.
Unemployment and economic crisis have drained the energy from crisis-ridden major countries who are running out of gas, a top official said
The UAE’s investment plans in Arab Spring countries are pending and still in the process to be formulated, an advisor at the Gulf state’s ministry of foreign trade has said. As the country waits for the political situation to stabilise in each nation before investing.
November 12, 2012
Around the globe, the English language has become a tool of business, with prospective employees requiring fluency to gain employment. But without adequate training, many in Yemen are finding it hard to get jobs.
Global food price hikes, along with increased oil costs, were one of the sparks for the Arab uprisings, but are we about to see another increase in the cost of food, especially in the Middle East as leaders try to reign in deficits by cutting subsidies?
Oil, the commodity that fuels the global economy, transported around the world in not so green ships, could soon be on the rails - the railways that is. Invoking the memory of early oil exploration in the US, transporting the black gold by rail is becoming increasingly popular.
Opec ministers who gathered at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) came out yesterday in support of keeping oil prices above $100 a barrel, as concerns rise of the drop of in oil demand.
The Middle East and North Africa (Mena) region oil exporters’ combined current account surplus is anticipated to remain near its historic high of about $400 billion in 2012, the IMF has forecast.