October 24, 2012
Iran, which is under tremendous pressure and undergoing a sanction imposed by the United States and the European Union for pursuing nuclear energy to power its economy, is investing $100 billion (Dh367 billion) to boost its oil and gas production.
Dubai is gearing up for one of the biggest weekends of the year as it plans to celebrate the festival of Eid al Adha, as Emirate is expecting thousands of visitors to head to the Emirate.
Housewives in Jordan are increasingly turning to the social networking website 'Facebook', to start a small business revolution in the Kingdom.
The Philippine government has lifted a temporary deployment ban of overseas Filipino workers to Jordan and Lebanon, a senior official said, but overseas workers may not be able to return if they do not have correct documentation.
Europe’s Hotbird satellite broadcasting system has suspended the broadcast of Syrian television channels, the Syrian government announced, as sanctions against the media by the EU and Arab League affect.
The targeting of Iraq’s well-respected central bank chief appears to be a move by Prime Minister Nuri Al-Maliki to consolidate power and sends a bad message to international investors, experts and diplomats say.
October 23, 2012
With the Wold Energy Forum happening in the UAE, Mosques in the region have become an surprising flag bearer for renewable energy, after an initiative was launched to educate people in the emirate to conserve water and electricity and follow green standards by using mosques as models.
Iranian diplomat calls for relaxation of visa restrictions to boost economic ties between Egypt and Islamic Republic, says Iran could help tackle Egypt’s energy crisis.
Angry butchers in Muharraq are planning an indefinite strike from today over claims they have been sidelined in the distribution of up to 5,000 live sheep in the build-up to Eid Al Adha.
The number of start-ups in the MENA region increased eight times in 2011 as compared to 2005. Jordan, Lebanon, Egypt and the UAE attracted most early stage investments in the same period, in some positive news for the economies of the region.
The Middle East and North Africa (Mena) region is currently one of the world's fastest growing markets for rail with over $156 billion worth projects planned or under way in the region.
Lebanon’s economy will end 2012 on a negative note as political and security instability drags on with medium- and long-term economic indicators showing continuing signs of mediocrity.
The UAE has opened the first World Energy Forum outside the United Nations headquarters in Dubai on Monday, the forum’s official website reported.
October 22, 2012
Saudi Arabia's economy is forecast to surge by around 3.8 percent on current prices, to hit an all time high in 2012 amid swelling oil prices underpinned by robust public and private sectors, as oil prices creep up globally.
Brotherhood number two and Mubarak-era minister arrange for final installments of Qatari loan to be paid by end of year in order to stave off decline of Egyptian pound.