September 20, 2012
South Sudan, one of the newest nations on earth, has faced hardship since it seceded from its northern neighbour in 2011. Celebrations were plentiful in Juba, but problems remain as change is needed to secure a bright future.
Measured by the increase in gross domestic product over the past 50 years, Arab countries did well, as average GDP per capita increased by about four-fold.
September 19, 2012
The World Bank's latest report on the Palestinian economy warns of a deepening fiscal crisis in the Palestinian territories, urging donors to act urgently.
Thomson Reuters has launched a global sukuk index, as the $1.2 trillion Islamic finance industry is growing at a highly impressive 15 per cent annually.
Saudi non-oil exports showed a retraction of 2.3 percent in June in comparison to the previous month and a moderate 7.7 percent decline over the last 12-month period in value terms edging down to SR 14.5 billion
Arab Spring economies, notably Egypt, Libya, and Tunisia, were slowly being transformed and courting large investment deals from the USA, IMF and large MNCs. Now they are facing a difficult situation, after the USA and investors were scared off after violent protests swept the region.
The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world
September 18, 2012
Getting stuck in traffic and complaining about it are daily ingredients of Lebanese life, but it costs the economy 5 per cent of GDP a year. What solutions are there to resolve this crisis?
Moody's Investors Service has today assigned an MQ3 investment manager quality assessment to Mashreq Capital (DIFC) Limited, which reflects Moody's view of the asset manager's strong ownership structure and solid investment performance
A study has revealed that the Flame malware, developed to target Middle East-based companies, may be just one of four pieces of malware created by the same unknown development team.
Entrepreneurs in the United Arab Emirates are performing well, with 60 per cent already making a profit, according to a new report by Virtuzone.
September 17, 2012
The Saudia Arabian economy continued to grow, albeit at a slower pace, in the second quarter of 2012, fuelled by the private sector.
The much-awaited regulation for Islamic banks and window operations of conventional banks will be announced through a Royal Decree at any time.
Oil prices are likely to rise sharply from 2015, surpassing $150 a barrel in 2019 and 2020, Bernstein Research said, in a report at odds with a growing oil industry consensus that says rising supplies of unconventional oil will moderate prices.
Oil exploration and production in Iraq and the autonomous region of Kurdistan to the north, illustrate the inability to take action against MNCs operating in the country, and the political infighting that has beset the country since the invasion of 2003