October 10, 2012
The International Monetary Fund (IMF) has revised its outlook for the Sudan economy showing a worst than projected economic contraction for 2012, as the Africa nation is reclassified as an 'Oil Importer" after last years succession of South Sudan.
Egypt's government will respect legal decisions to renationalise formerly state-owned companies once appeals are heard, the country's Investment Minister said on Tuesday.
Bahrain needs to rethink having its currency pegged to the US dollar in order to minimise the risks arising from a slowing American economy.
Strike days in Lebanon after a long-running debacle over public sector pay increase reaches its climax as trade unions take action across the country.
An economist has predicted that Saudi citizens would be up to four times better off if corruption was tackled in the Kingdom. Bribes cost the Kingdom $20 - $30 billion a year.
October 9, 2012
The recent deal with South Sudan over oil transit fees will not be reflected in the 2013 budget, the country's finance and national economy minister said.
With the violence in Syria escalating and no signs of it abating, Businessmen and women from the country are fleeing and taking their money with them.
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.