September 25, 2012
A project rail boom within the transport sector in the Middle East and North Africa (Mena) is expected to materialise in the next three years as the region allocates more than $250 billion worth of investments in various rail project
London Metropolitan University has been given a reprieve by the UK High Court, allowing students to continue their studies after action taken by the UK Border Agency removed the university's status to issue visas for non-EU nationals.
A total of LL40 billion in subsidies is needed to shore up Lebanon’s ailing apple production, the Farmers Association said on Monday as north Lebanon growers voiced fears that the current season could crumble despite high produce.
Global sukuk industry set to double in size, fuelled by GCC nations, according to Standard and Poor's
The global Islamic finance market will more than double in value during the next three years to more than US$2 trillion (Dh7.34tn), the ratings agency Standard & Poor's says, as the Arabian Gulf embarks on a renewed deal-making boom.
Jordan will host next year’s World Economic Forum (WEF) on the Middle East and North Africa, the organization said in a statement on Monday.
After playing a pivotal role in the Egyptian Revolution, trade unions feel empowered to take action, with 300 protests taking place in the first half of September 2012, with some predicting further social upheaval.
September 24, 2012
After posting impressive GDP growth figures, one might suspect Saudi Arabia to help fellow nations in the MENA region. Whilst some neighbours of the Kingdom have benefitted, Sudan is left floundering with an ever increasing financial crisis
A new banking crisis is hitting Jordan, with customers repeatedly complaining of staff-shortages in the Kingdom.
Saudi Aramco says its proven crude and condensate reserves dipped to their lowest level since 2004 last year as the company pushed its oil production to one of the highest levels in decades and achieved only limited exploration success.
Egypt's government is facing a tough challenge when it comes to implementing a coupon plan designed to cut massive energy subsidies that make up a quarter of government spending.
The Jordanian economy is growing at a rate of 3 per cent, but all is not well in the Kingdom. As the government attempts to promote Small and Medium sized Enterprises, structural reform is needed to make the SME environment successful.
The conflict in neighbouring Syria is putting a strain on the Lebanese economy, with inflation creeping up and many people taking on second jobs as the economy contracted by 0.3 percent in the second quarter.
September 23, 2012
Moody's Investors Service has affirmed National Bank of Ras Al-Khaimah's (RAKBANK) global foreign and local currency deposit ratings.
The housing market in the United Arab Emirates could be turning a corner and returning to pre-global recession levels, which had a dramatic effect on the real estate market in the gulf state.
The potential for a big rebound in politically and economically unstable countries in the Middle East and North Africa has some investors turning to risky currencies as a potentially lucrative investment.