Featured Articles

July 31, 2012

The Muslim tourist spending is set to grow to $192 Billion by 2020 representing 13.4 percent of the global expenditure
12:45 GMT
A study shows that Muslim tourists globally represent a major niche market worth $126.1 billion in 2011 growing at a 4.8 percent through 2020, compared to global average of 3.8 percent.
The protesters closed off all entrances to the premises with metal chains as EDL administration staff stood outside and tried to negotiate with the contract workers to allow them in
12:10 GMT
Electricite du Liban warned Monday that the country could face a nationwide blackout if contract workers do not end their “takeover” of the state-run company’s headquarters in Beirut.

July 30, 2012

With more than 2000 km of palm-fringed coastline and an historic quarter in Tripoli, the Libyan Society for the Activation of Tourism has said the country has a lot to offer to adventurers, reports News.com.au
11:52 GMT
Despite enduring more than 40 years of bloody terror and dictatorship, a Libyan tourist organisation believes the country has what it takes to be the next top tourist spot.
Most trucks carrying Jordanian fruits and vegetables through Syria and then to Turkey and Europe are owned by Turks who used to come through Bab Al Hawa border gate between Turkey and Syria which is now completely closed
11:16 GMT
The flow of Jordan’s exports to Syria has not yet been affected “considerably” by the ongoing violence sweeping the northern Arab state, but the Kingdom’s exports to Turkey and Europe through Syria have all stopped.
The first half of 2012 saw the deficit climbing 22.5 percent, or around $1.6 billion, to reach $8.71 billion, compared to $7.11 billion in the same period of 2011
10:50 GMT
Economists and business leaders predict a bleak economic picture of Lebanon this year in light of falling foreign direct investments, plummeting tourism, a widening trade deficit and a war raging across Lebanon’s only accessible neighbor.

July 29, 2012

The MENA infrastructure and construction market is among the world’s most attractive given its sheer size
13:41 GMT
Over the next 15 years, the MENA construction sector will be a key beneficiary of the implementation of structural reforms to raise productivity of the non-oil sector.
Around 180,000 patients came for treatment in the Kingdom’s hospitals in 2011, compared to around 220,000 the previous year, according to PHA figures
13:10 GMT
Jordan’s medical tourism sector remains among the most robust in the Middle East but must address several challenges to retain its competitive, according to a sector representative.
As demand on products and services increases, businesses produce more and hire more workers, reducing unemployment
09:31 GMT
A minimum wage high enough to provide decent living conditions for workers and their families, paying for their basic needs, would do wonders to the economy.

July 26, 2012

Saudi Arabia is set to take the lead in regional infrastructure investment and construction spending
13:22 GMT
Saudi Arabia will take the lead in terms of construction spending in the MENA region as the Kingdom responds positively to pressing social needs such as labor, housing and education.
Youth unemployment is one of the major challenges facing GCC economies
13:02 GMT
The study said the joblessness problem among the young generations is “more acute” than the rate among other groups.
Funds need to come from somewhere, and save for additional taxes, the only remaining option is more debt, a measure that will surely cause alarm among international rating agencies and the International Monetary Fund
08:07 GMT
Allocating more funds for the salary hike will cost the treasury an additional $1.2 billion, causing the deficit to rise much higher than the projected 26 percent at the end of 2012.

July 25, 2012

In the long-run, Sukuk markets are likely to continue to grow as Islamic finance increases its share of the financial markets in the GCC, but that does not mean the growth will occur along a straight line
13:43 GMT
One of the most surprising indicators of how much demand for Sukuk has rebounded is that the Dubai sovereign Sukuk - issued by the very sovereign that was at the centre of a storm in December 2009 - has seen its yield drop from 6.396 percent when it was issued to just 3.2 percent yesterday.
The rise in inflation, reflects the turbulent economic times in the new nation
13:21 GMT
South Sudan's annual inflation increased by 74% from June 2011 to June this year, while the country witnessed an upsurge in consumer price index by 1.7% from May 2012 to June.
Hospitality recorded the most notable growth with 35 percent over the year in June
13:05 GMT
In the Middle East, UAE is number one for online job opportunities as the country registered a robust annual growth of 33 percent, according to the latest edition of the Monster Employment Index.

July 24, 2012

According to experts, competition will be tough since the new mortgage law ensures the fairness of the transaction and the safety of the financial system
13:20 GMT
Real estate and banking officials told Arab News that Saudi Arabia would offer a bunch of facilities to investors in a bid to attract more foreign investment.