Featured Articles

July 19, 2012

Neither the bigger economies nor the smaller economies have so far been able to reach agreement on what concessions they should make under Doha
15:14 GMT
A top official from the World Trade Organisation (WTO) admitted yesterday that efforts to conclude the long-awaited Doha free trade deal look doomed until the global economy picks up.
There are a few who believe the economy will recover
08:55 GMT
Most Arab investors are fed up with Lebanon’s deteriorating political and security situation and are either putting their investments on hold or simply withdrawing from the Lebanese market.

July 18, 2012

The white metal prices touched an intraday high of $27.4/oz and closed at $27.3/oz on Tuesday
16:08 GMT
Technically market is getting support at 52483 and below could see a test of 52075 level. And resistance is likely to be seen at 53185 a move above could see prices testing 53479.
The discovery of gas fields spanning a large area within the Mediterranean, west of the coast of Israel, significantly broadens the challenges facing the Israeli navy
15:46 GMT
Faced with new challenges posed by major offshore gas discoveries, Israel is looking to significantly increase its military presence on the high seas in a bid to protect its economic waters.
88 percent of Lebanese respondents said that the current economic situation in Lebanon is bad or very bad
08:46 GMT
The majority of Lebanese people have a grim outlook on their national economy's performance, a U.S. survey group said.

July 17, 2012

When calculating the number of tourists visiting a country, their daily expenditure needs to be taken into account
12:13 GMT
Oman has benefitted from tourism due to the high level of Omanisation in the tourism sector, the highest among GCC countries, according to an expert.
Food prices have jumped by 4.8 percent as Ramadan approaches
11:16 GMT
Food prices in Saudi Arabia are increasing as Ramadan draws closer, according to the latest NCB report.
Naturally, deposits in Lebanese banks in Syria have shrunk since the crisis started
08:36 GMT
The net profits for all commercial banks may fall by 5-8 percent if the economy and political situation continue to deteriorate.

July 16, 2012

The Arab Spring was not about ideology but employment and economic problems
12:41 GMT
Arab politics now faces two difficult tasks: One is economic recovery in urban areas. The second is critical as failure in this field may help extremist like the Salafis in the long term.
OPEC,which produces a third of global oil, said daily average demand for its crude in 2013 would stay below its current production levels
11:34 GMT
World oil demand growth will slow in 2013 from the already weak 2012, The Organisation of the Petroleum Exporting Countries (OPEC) said.
Globally, the United States topped the list of attractive countries for oil and gas investments
10:48 GMT
Lebanon ranked seventh in Middle East and North Africa in terms of attractiveness for upstream oil and gas investment, according to a recent report by the Fraser Institute, a public policy research organization.

July 15, 2012

Central banks know that the only protection for their deposits against their own money printing is to buy gold
13:10 GMT
Emerging market central banks have been the biggest official buyers of gold over the past year or so with total net central bank purchases the largest since 1964 last year at 445 tonnes.
The Sudanese government, struggling to fill the budget gap
11:57 GMT
The effectiveness of the Sudanese government’s austerity measures to contain an economic crisis, which have sparked protests in the capital and several towns, is yet to be seen, some economists say.
Hundreds of small investors and owners are affected
09:53 GMT
Bahrain's real estate market is passing through a critical phase and the situation is more serious.
The UAE has the highest petrol price in the oil-rich Gulf and the third in the Arab world
08:11 GMT
Official data showed the UAE, the second largest Arab economy, was ahead of all other members of the GCC in terms of fuel prices and third only to Syria and Tunisia in the entire Arab region.