Featured Articles

November 12, 2012

This season's world cereal supply and demand balance is proving much tighter than in 2011-12
10:45 GMT
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?
Shipments of crude by rail in the US have surged from around 11,000 barrels per day in 2007 to an estimated 340,000 in 2012
10:45 GMT
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 have said that they think current prices are "acceptable"
07:43 GMT
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.
Oil exports are set to reach $400 billion from the MENA region
03:00 GMT
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.
Sometimes we all need help, even the UAEs super rich
03:00 GMT
The UAE is home to some of the worlds wealthiest people, but what do you do with all that money, how do you spend it and manage carefully - or not so carefully? Many our now turning to "lifestyle managers" to help, but it comes at a cost.

November 11, 2012

Most of the region’s oil-exporting countries are growing at healthy rates while the oil importers face subdued economic prospects
10:53 GMT
The International Monetary Funds latest assessment of the MENA economies shows mixed messages, with oil-exporting states looking to do weel, whilst those without oil are set to face subdued growth.
In the case of the GCC countries, economic structures are sufficiently skewed still to oil & gas
10:53 GMT
Economists are condemned to devise scenarios and produce forecasts upon which strategists and policymakers form judgements for action. Like weathermen, they don’t deny that they are invariably wrong, but can you trust them to keep you out of the economic storm?
Shale gas could cause severe environmental problems
10:50 GMT
Algeria is planning to exploit its natural shale gas reserves in a controversial move. The country is the worlds fourth-largest gas exporter and the move to shale gas is would increase revenues, but is causing deep concern for environmentalists.
A new money supply in the Central Bank of Oman Museum
07:41 GMT
Oman's central bank museum is a veritable treasure trove of currencies, not just the Dinar or rial, but historical coinage that shows the trade-route between nations and is an enlightening way to view the economic history of the region.
What can be done to make Lebanon's cities livable?
06:37 GMT
Few can agree on the best way to preserve Lebanon’s urban heritage, but most would agree the country is in dire need to come up with a plan for more livable and sustainable cities, so what can be done to improve the lives of city-dwellers?
Wedding's are an expensive business, but increasingly so in Iran
03:00 GMT
Inflation is creeping up in Iran, but this is is starting to affect the bridal industry in the Islamic Republic, especially in the run up to of Muharram, a month of mourning for Shiite Muslims, but it is also when many get married.

November 8, 2012

Exhibtor explaining the products of Rak Ceramics, during the Big 5 Show being held in Dubai Trade center.
12:16 GMT
Local companies are anticipating a rise in building materials costs over the next year in the Gulf region. Cement prices have sky-rocked already.
Banks on the Khalid Bin Al Waleed Street also known as Bank Street in Bur Dubai.
10:18 GMT
Balancing growth with risk management and governance is vital for driving investment in today’s increasingly regulated and challenging markets, Stuart Anderson, Managing Director and Regional Head Middle East at (S&P) says.
Strait of Hormuz.
08:15 GMT
Strategic oil reserves will be needed if Iran carries out threat to close the choke point waterway Strait of Hormuz, as land passages can only carry so much.

November 7, 2012

12:54 GMT
Moody’s expects problem loan levels to remain elevated, driven by (i) exposures to large, stressed, government-related issuers (GRIs) and (ii) legacy corporate impairments, primarily real-estate-related, which are still emerging after failed attempts to restructure earlier in the crisis.