Featured Articles

June 13, 2012

The insurance sector is asking Lebanese politicians to tone down their rhetoric
08:10 GMT
Given the prevailing political uncertainties for more than a year, the ongoing economic stagnation means the economic pie is not growing, this is making insurers compete for a slice of the same pie.

June 12, 2012

Banks continue to be overly cautious in their lending practices
15:00 GMT
GCC banks as a whole registered a growth of 15.8 percent in 2011.
The results show that women working in the UAE are more ambitious than their counterparts elsewhere in the world
15:00 GMT
Four out of five women professionals in the UAE have taken on more responsibility to advance their career prospects, according to a survey by Accenture.
UAE cities have lost the lead as the most expensive cities in the Middle East, with Beirut moving forward to position 67
15:00 GMT
The survey, released today (12 June), shows that Abu Dhabi has fallen nine places over the last year, to rank at 76, and Dubai in turn has fallen 13 spots to position 94.
Dents in the Arab economy, like these rusty oil cans
14:08 GMT
A look at the effects of the Eurocrisis in concert with social and political unrest on the Middle Eastern economy.
The aviation industry’s direct contribution to GDP will increase by 6.3 percent per annum in real terms over the next 20 years, creating an additional 294,000 jobs in the region
12:08 GMT
Qatar has set an excellent example of a forward-looking country whose government has implemented legislations to liberalise the aviation industry and create an environment conducive for growth, a top official of Boeing Commercial Airplanes has said.
Regardless of who is elected, one of the toughest challenges the new president of Egypt will face is to secure the hefty $22.5 billion needed to finance the deficit of the recently released state budget for the fiscal year 2012-2013
11:11 GMT
Given the sorry state of the post-Mubarak economy and the deep financial woes of the past 16 months – compounded by the political unrest and uncertainty likely to persist even after the inauguration – this will be a daunting task.
The latest figures show Lebanese exports to its neighbor up to April of 2012 jumped by 17 percent
10:09 GMT
Lebanon’s agricultural exports to Syria in the first four months have surged for the first time in many years as the war-ravaged country is trying to cope with dwindling production of wheat, vegetables and fruits.

June 11, 2012

The key risk factors that differ between the low risk MENA cities from the high risk group include literacy rates, and secondary and tertiary enrollments
16:00 GMT
Muscat is among the lowest risk cities in the region, with a rating that puts it ahead of international business hubs such as Barcelona, Milan, Lisbon, Kuala Lumpur and Beijing, according to the findings from the 2012 People Risk Index.
Government spending in the UAE, the second largest Arab economy, surged over 19 percent
16:00 GMT
The United Arab Emirates' public finances swung into a surplus of 2.9 percent of economic output in 2011 after two years of deficits.
Not only small- to medium-sized insurers are suffering from the slowdown, but also some of the country’s biggest insurance companies
15:00 GMT
Lebanese insurance companies were hit hard in the first quarter of 2012 on slower economic activity due to regional turmoil and domestic instability.
Electronics retailers have not been the only parties planning to cash in on sport this summer
11:49 GMT
Television sales increased up to 35 percent last week ahead of the Fifa Euro 2012 football tournament that began on Friday to kick off a long summer of sport.
Food kiosk owners said that demand for hot food and sandwiches such decreased due to the hot weather
11:46 GMT
Taxi drivers were not the only ones suffering a slump in business due to Sunday’s heat.
A fall in oil prices, stronger than expected growth in passenger traffic and a bottoming out of the freight market are driving some improvements in the profitability outlook
10:18 GMT
Global airline industry profits are expected to be $3 billion, unchanged from the last update in March, the International Air Transport Association (IATA) outlook for 2012 said.

June 10, 2012

The region’s recent political uprisings require an imminent and urgent response to employment challenges as the revolutions which unravelled have demonstrated that widespread economic inequality can stir social turmoil
15:00 GMT
The Arab World will need to create a staggering 75 million jobs in the coming decade – an increase of 40 percent more than what currently exist – to keep pace with the young and fast-growing population set to enter the workforce, a report said.