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.
Iraq is set to embark on an ambitious job creation plan it hopes will result in work for as many as five million Iraqis in the next five years as it spends US$275 billion (Dh1.01 trillion) of cash earmarked for development.
Trade unions in Cairo want guarantees to the right to form free and independent unions and protection from harassment.
An international firm has estimated the volume of gas in Lebanon’s south-west corner to be close to 25 trillion cubic feet, valued by experts to be worth over $40 billion.
September 20, 2012
A Lebanese entrepreneur has created software that saves the banking industry time, effort and money, through an automated system. Fares Kobeissi's idea is starting to be noticed, and it's 100 per cent Lebanese.
Gulf states need to diversify their economies and reduce their oil dependency, according to a leading expert.
In a world dominated to a great extent by media institutions, where media becomes a battle front, it is necessary to explore how the media operates, with what goals, and how it influences society. In an interview with Arwa Al-Rikabi of Arab News, Leon Barkho who is a prominent scholar, spoke on this issue.