October 16, 2012
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.
the Lebanese Businessmen Association has repeated its cals for an economic rescue plan whilst also lamenting any rise in public sector salaries.
Despite changes in diet all over the world, and particularly in the Arab world, wheat is still the most important ingredient in the daily meals consumed by all sectors of society, but it is increasingly harder to source and the Arab world is the biggest importer.
Hundreds of thousands of entry permits are expected to be granted to Palestinians during Eid al-Adha, but the move is likely to hurt Palestine economically as well as undermine the standing of the Palestinian Authority as the effective power.
October 11, 2012
Young people in Saudi Arabia have started to complain that they are not being offered adequate training for the work place as employers complain that they find it hard to find potential staff with the right training.
Syria's deputy prime minister and minister of trade declared this week that the country's economy would suffer "heart failure" if the crisis that has been sweeping the country over the last 18 months continues for another three months.