October 16, 2012
Saudi Arabia has announced further rounds of 'Saudization', or Nitaqat, in an effort to increase employment in the Kingdom, as concerns are voiced by the government that too many jobs go to foreigners.
Scottish exports to the Middle East, driven primarily by the food and drink, energy, business and financial services and the metal goods sectors, currently stand at $1.59 billion, with food and drink alone, growing by 28 per cent last year.
Saudi Arabia has reacted angrily over an inquiry by Britain's Parliament’s Foreign Affairs Committee (FAC) which will review UK’s relations with Saudi Arabia and Bahrain. Trade between the UK and Saudi is more £4 billion, and the two countries have huge defence deals.
As the security situation in Bahrain remains fragile, with protests continuing and activists being arrested for taking part in pro-democracy demonstrations, the kingdom's tourism expert, Jamil Wafa, says that stability is the key to boosting tourism.
The increasingly vocal President of Lebanon, Michel Sleiman, said on Monday that Lebanon should step up agricultural development to raise the important sector’s share in gross domestic product, boost employment and improve food security.
Despite having planning railway projects worth an estimated Dh700 billion (US$190 billion) in the MENA region, only Dh66.3 billion ($18 billion) has so far been invested, as countries look for alternative modes of surface transport for the public and freight.
October 15, 2012
The world might not have a magical solution to shore up ailing economies, but an international private-public coalition says it is developing a comprehensive digital platform that could kick-start an unprecedented upturn in trade and growth.
A strike at the Egyptian port of Ain Sokhna, has ceased operations forcing ships to delivery their cargo via Israeli dockyards, adding pressure to the Egyptian economy.
The automotive industry in Saudi Arabia is in the fast lane as sales look set to hit $6.9 billion and the Kingdom is becoming one of the biggest car markets in the world.
The Iranian rial crisis has caused red faces around Tehran, after the currency faced rapid devaluation. But what does this mean for the citizens of Iran, and what are the politics of the situation?
The United Nations is to meet in Rome to consider ways of alleviating the global food price crisis that is engulfing the world, and causing millions of people to go to bed hungry.
The real estate market in Dubai is rocketing, all may not be what is seem, as the reality suggest a more subdued recovery.
October 14, 2012
Arab fashion industry has registered a solid growth of more than 400 per cent over the last decade with the UAE emerging as the regional fashion hub, attracting major international brands, said an expert.
The Saudi Kingdom is investine SR 1.1 billion at holy sites as part of the governments efforts to enhance facilities for the annual Hajj pilgrimage.
At the IMF general meeting, the Middle East and Central Asia Department boss has said that the Middle East and North Africa region is spending $200 million on general subsidies that need to be reformed.