October 9, 2012
Economists have called for establishing a minimum wage policy for both Saudis and expatriates working in the Saudi Kingdom, as a new report highlights the pay difference between Saudi citizens and expatriates.
The IMF has painted a stark picture of the global economy, with slowdowns expected to increase in the so called BRIC nations as fears rise for Eurozone and the USA along with pressures in the Middle East adding to the worries.
Improving the quality and availability of state-subsidised bread was one of the key, populist pledges in President Morsi's 100-day programme. It's also the one where the most progress seems to have been made
The GCC hospitality sector is poised for healthy growth owing to favourable economic conditions, infrastructure development, increased bids to host high-profile global events and government support to the private sector
October 8, 2012
Iraq is facing serious electrical supply issues that pre-date the Us-led occupation as protests increases, the minister briefed with dealing with the crisis has issued assurances that solutions will be found, but the situation in Baghdad is getting worse.
The currency crisis that has swept Iran, causing the rial to lose 40 per cent of its value in just over a week, has started whispers of an 'Arab Spring' style movement, but this is a long way off according to experts.
The refuse situation in Egypt is reaching crisis point as piles of rotting rubbish pile high in the capital, Cairo. Each family throws away four kilograms a day and the government is still rummaging for solutions.
Many Lebanese have tried to get a foot in the door of the lucrative world of military contracts, with varying degrees of success. Now on Lebanese businessman shares his story on the highs and lows of military contracts.
Lebanon is bracing for a strike by teachers and public sector employees on Wednesday as more associations confirmed over the weekend their participation in the protests, as the debacle continues to rumble on.
It will be remembered that the Arab Spring started with one man, with many grievances. Mohammed Boauzazi self-immolated after being harassed by police in Tunisia as he tried to make a living in a failing economy, sparking popular uprisings by people with similar issues. But what is the future for the new economies?
October 7, 2012
Sukuk, a type of Islamic bond, has played a crucial role n the infrastructure sector over the past decade as demand for this financial product is outstripping supply.
Arqaam Capital has reached an agreement to acquire Libya-based Al Rashad Finance and Management Advisory (Rashad), in a positive step for the economy, which is predicted to grow 121 per cent in 2012.
The Iranian intranet system has suffered a severe slowdown after a cyber-attack, but experts say that more information is required before being able to say for certain.
As the Syrian crisis enters its nineteenth month, Lebanese banks have come under intensified US pressure to implement measures that will squeeze the Iran-Syria-Hezbollah axis. As banking sources reveal, Lebanon’s Central Bank has been largely acquiescent to Washington’s demands.
Germany and Oman are linking up in several areas to help develop the Omani economy. Various measure include teaching German in schools and increased economic cooperation as the Sultanate begins a a new global outlook.