Featured Articles

August 5, 2012

The company assured the Lebanese that power rationing would be normalized in the next few days
09:52 GMT
Electricity supply deteriorated across Lebanon to unprecedented levels over the past months due to the standoff at EDL.
Iran needs to mobilise "the nation, government, officials and armed forces" to tackle its "special and serious economic problems"
08:24 GMT
Iran is being hit by a "war" on its economy, according to officials facing tightened US sanctions and renewed Israeli threats of imminent military action over Tehran s nuclear activities.

August 2, 2012

The Regulation transfers regulatory responsibility for the licensing and marketing of investment funds and for a number of related activities from the UAE Central Bank to the SCA
13:59 GMT
The new Investment Funds Regulation implemented by the UAE Securities and Commodities Authority (SCA) this week applies to all matters relating to domestic investment funds and to the promotion and offering of foreign funds in the UAE.
Around 69 percent of Oman's residents think that it is the right time to find a job
13:44 GMT
With the globe still reeling under the scourge of recession and people of over 100 countries still finding it difficult to find jobs, the Sultanate has bucked the trend with Omanis quite optimistic on the job front.
Global IPO activity saw an improvement in second quarter 2012, according to Ernst & Young's Global IPO update
13:26 GMT
Regional companies raised a total of $1.29 billion through five initial public offerings (IPOs) in the second quarter of 2012.

August 1, 2012

With growing confidence in e-commerce sites and the safety of web-based transactions, a critical mass of travellers are now searching for options online
15:14 GMT
The method by which travellers in the UAE purchase their flights and hotel nights is changing rapidly according to a pilot study of 50,000 users of travel comparison site, Wego.
Gulf visitors appear to be increasingly favouring the home comforts
14:47 GMT
Ramadan is more of a prompt for Gulf citizens to stay at home rather than venture overseas. Ernst & Young’s data bears this out.
The Middle East is leading the world by investing in innovative infrastructure projects to create major urban cities of the future, while balancing the needs of the population, economy and the environment
14:27 GMT
A range of projects that span the Middle East have been chosen among the 100 most innovative and inspiring urban infrastructure projects in the world, in the second edition of KPMG’s Infrastructure 100 report.

July 31, 2012

Last May, a delegation of around 150 Turkish businessmen and their Lebanese counterparts called for a maritime trade link between the countries
13:31 GMT
The Agriculture Ministry is pursuing efforts to facilitate maritime transport to compensate for delays in land cargo through Syria, where the security situation has deteriorated significantly in the last few weeks.
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.