May 28, 2012
In an effort to address the funding shortfall, the GCC last year pledged $10bn to Bahrain over a 10-year period, the first round of which is now being disbursed.
May 27, 2012
It is a strange thing that any group of nations should wish at this time to emulate the most immediately newsworthy precedent of having established a regional monetary union.
There is now a drought in the tourism market; a sector where security is considered an essential requirement rather than a complimentary condition.
The research, by two lecturers at the UAE University, found that 10 percent of those quizzed expect a monthly salary of Dhs35,000 to Dhs50,000.
May 24, 2012
If you want to make someone change their habits - don’t appeal to their better nature, hit them in the wallet.
Lebanese businesses should channel some of their investments to more promising regional economies to avert tougher economic conditions ahead.
The Arab states must develop their bond markets by issuing laws to encourage transactions in bonds.
Gulf countries are channelling billions of dollars into airport expansions, betting on a sharp rise in passenger traffic and competing to strengthen their positions as regional hubs for global travel.
The Department of Tourism and Commerce Marketing has announced the emirate’s first promotional summer campaign to attract more domestic tourists under the slogan ‘Do More in Dubai’.
Egypt's leaning towards the private sector to stimulate the economy or reverting to a more nationalist agenda are two of the possible outcomes from the presidential election that is expected to end today.
May 23, 2012
Construction activities in healthcare and education will spur many projects in the GCC and Middle East, industry officials say.
Oman tops Mideast in consumer confidence At a score of 93.6, the Sultanate has the Middle East's highest consumer confidence score - a position it shares with Qatar, which holds an identical score.
The volatile situation in Syria has impacted the Lebanese economy, but the picture may not be as bleak as one may think, according to newly released economic data.
The uprising that overthrew former president Hosni Mubarak in February 2011 dealt a serious blow to Egypt’s vital tourism sector.
Restaurants that eagerly await Arab tourists and Lebanese expatriates every summer are once more paying a hefty price because of heightened security fears and advisories by some countries warning against travel to Lebanon.