October 9, 2012
The GCC hospitality sector is poised for healthy growth owing to favourable economic conditions, infrastructure development, increased bids to host high-profile global events and government support to the private sector
October 8, 2012
Iraq is facing serious electrical supply issues that pre-date the Us-led occupation as protests increases, the minister briefed with dealing with the crisis has issued assurances that solutions will be found, but the situation in Baghdad is getting worse.
The currency crisis that has swept Iran, causing the rial to lose 40 per cent of its value in just over a week, has started whispers of an 'Arab Spring' style movement, but this is a long way off according to experts.
The refuse situation in Egypt is reaching crisis point as piles of rotting rubbish pile high in the capital, Cairo. Each family throws away four kilograms a day and the government is still rummaging for solutions.
Many Lebanese have tried to get a foot in the door of the lucrative world of military contracts, with varying degrees of success. Now on Lebanese businessman shares his story on the highs and lows of military contracts.
Lebanon is bracing for a strike by teachers and public sector employees on Wednesday as more associations confirmed over the weekend their participation in the protests, as the debacle continues to rumble on.
It will be remembered that the Arab Spring started with one man, with many grievances. Mohammed Boauzazi self-immolated after being harassed by police in Tunisia as he tried to make a living in a failing economy, sparking popular uprisings by people with similar issues. But what is the future for the new economies?
October 7, 2012
Sukuk, a type of Islamic bond, has played a crucial role n the infrastructure sector over the past decade as demand for this financial product is outstripping supply.
Arqaam Capital has reached an agreement to acquire Libya-based Al Rashad Finance and Management Advisory (Rashad), in a positive step for the economy, which is predicted to grow 121 per cent in 2012.
The Iranian intranet system has suffered a severe slowdown after a cyber-attack, but experts say that more information is required before being able to say for certain.
As the Syrian crisis enters its nineteenth month, Lebanese banks have come under intensified US pressure to implement measures that will squeeze the Iran-Syria-Hezbollah axis. As banking sources reveal, Lebanon’s Central Bank has been largely acquiescent to Washington’s demands.
Germany and Oman are linking up in several areas to help develop the Omani economy. Various measure include teaching German in schools and increased economic cooperation as the Sultanate begins a a new global outlook.
The continued viability fo the Jordanian economy is being questioned as the leaders of key sectors fear a lengthy economic slowdown in the Kingdom and want policy makers to come up with a plan.
October 4, 2012
As British Airways plan to resume flights to Lebanon after two decades, the industry is expected to continue to grow, but at a slower pace than previous years
Foreign direct investment (FDI) in Egypt jumped in the final quarter of 2011/12, but the business climate is still in a period of recovery.