Featured Articles

September 11, 2012

Fancy a brew? Argo Tea is set to launch a store in Lebanon, trying to do for tea, what Starbucks did for coffee
15:02 GMT
Like Starbucks but don't like coffee? Argo Tea set to expand in to the 'window of the Middle East', with their first store outside of the US.
Taxation on tobacco products in the eastern Mediterranean region is one of the most under-utilised tools for tobacco control
13:58 GMT
The Ministry of Finance (MoF) has given its go-ahead to increase taxes on all tobacco products, according to a senior official from the Ministry of Health.
The union complied and invited delegates directly from union boards
12:50 GMT
The GFBTU has over 60 trade unions covering close to 15,000 members under its umbrella, but only trade union heads can nominate themselves to contest seats on the GFBTU board.
Inflation is easing in South Sudan, but fuel crises remain a concern
11:31 GMT
South Sudan's inflation has dropped from 60.9 per cent in July, to 43.3 per cent in August, the National Bureau of Statistics reveled. After seceding from its northern neighbour in 2011, fuel crises have rocked the new nation causing massive inflation.

September 10, 2012

The consumer spending growth moderated thus far in 2012 following an unprecedented year in 2011
14:47 GMT
The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according to a report by the National Bank of Kuwait (NBK).
Gold: The safe haven
13:32 GMT
The increasing price of gold is evidence in the lack of confidence in the global economy, as investors seek the traditional safe haven of the precious metal. Gold prices are helped by the 6 per cent decline in supply caused by lower recycling levels
China, the worlds second largest economy, and the UAE continue to forge links after fivefold increase in trade between the two nations
13:05 GMT
The UAE and China are registering economic growth, and are increasing trade relations. The relationship between the two nations has increased fivefold over the last ten years, with a growth rate of 395 per cent in spite of the global downturn.

September 9, 2012

According to a recent study by Dubai SME, a total of 230,000 mini firms are currently operational in the UAE, but only 140,000 of these are considered bankable, since the rest are too micro
15:50 GMT
There is tremendous opportunity for banks and financing institutions as almost 50,000 UAE-based small and medium enterprises (SMEs) are on the lookout for additional capital and financing.
Businesses need to start introducing truly bespoke solutions that utilise the full potential of the technology available to them
15:38 GMT
The Egyptian market is particularly well known for its aversion to automation in the area of customer service.
Offshore gas could prove lucrative for Lebanon
12:43 GMT
Lebanon's offshore gas fields could be larger than Cyprus and Syria's offshore field, according to early, better than average data. 26 companies are bidding for anchorage, despite government delays.

September 6, 2012

Organised under the patronage and support of the Saudi Ministry of Transport, Saudi Autoshop 2012, the 15th international exhibition will run from November 17 to 22 at Riyadh Exhibition Centre
13:58 GMT
Saudi Arabia’s automotive accessories, repair and after-sales service equipment market will reach around SR9 billion ($2.4 billion) in the coming years, said industry experts ahead of a major automotive event in Riyadh.
Businessmen said they had received frantic calls from customers in Saudi Arabia and the UAE on why goods they had ordered had not been delivered, as drivers take up to four days to cross the border
13:50 GMT
Companies in Bahrain could be set to lose major contracts as a result of delays being suffered by truckers crossing the King Fahad Causeway into Saudi Arabia.
Dubai's trade totalled AED 537 billion during H1 2011, according to the latest statistics from Dubai Customs
13:37 GMT
Dubai's non-oil foreign trade climbed to a record AED 602 billion ($163.9 bn) during the first half of 2012, at a 12 percent increase compared to the same period last year.

September 5, 2012

The West is not alone in the pursuit of renewable energy capacity. Middle Eastern countries are on the same path and that includes Iran
14:17 GMT
Iranian officials also said at the time that private companies had signed contracts to build more than 600MW of biomass systems and 500MW of new wind energy projects.
Luxury items and equipment witnessed a sharp decline
11:50 GMT
Demand for basic commodities in the second quarter of 2012 rose slightly compared to the same period of 2011 despite a surge in prices, a study by Beirut Traders Association and Fransabank showed Tuesday.