Featured Articles

April 30, 2013

The Lebanese look down on Syrian refugees
Syrians in Lebanon setting up shop
11:52 GMT
As the Syrian conflict enters its third year, with no signs of abating, refugees in Lebanon are starting to lay down roots and begin a new range of businesses.
The UAE student population has expanded by seven per cent in the last five years
Teacher's pet: UAE and UK strengthen educational ties
09:38 GMT
As more UK educational institutions open up in the UAE, these links are strengthening the historical relationship between to the two countries.
UAE nuclear plants designed to withstand earthquakes
Going Quake-proof in the UAE
09:15 GMT
The UAE’s nuclear facilities are designed to withstand the frequency and gravity of Korea’s quakes — of a much graver and of a much larger magnitude than those occurring here in the Gulf region, nuclear energy experts have assured.
Egypt is in dire need of a conclusion to this financing deal
Egypt and the IMF: The rumbling saga's myth and reality
09:12 GMT
Egypt's negotiations with the IMF hit a yet another stumbling block recently when Cairo's chief negotiator resigned, and as the sage continues to rumble on, what is just rhetoric from Washington and Egypt, and what is the reality?

April 29, 2013

New bill could encourage both domestic and International investment
Could Yemen's new law boost investment?
12:28 GMT
New laws in Yemen could boost both internal and external investment, as the country's economy continues to struggle.
The passenger traffic surged by 20.6 per cent to hit a record 5.84 million the highest since August 2012
No turbulence here: Dubai's airport second busiest in the world
11:51 GMT
Dubai International, the world’s second busiest international hub, registered a record 5.8 million passengers in March according to the monthly traffic report issued by Dubai Airports on Monday.
The IMF has reportedly voiced its dissatisfaction with the amendments Egypt made to the November economic program
Egypt, the IMF and austerity: The unholy trinity?
11:46 GMT
As negotiations between Egypt and the IMF continue, as Cairo slashes public spending in a new age of austerity, is parsimony really the right path for the newly democratic country?
SMEs in UAE need more funding support
UAE's SMEs need more financing and support
08:41 GMT
SMEs in the UAE have said they need more support, especially in gaining access to much needed credit lines.
The only law on commercial fraud in practice in the country was drafted in 1979
UAE crackdown on fraudulent activity
08:24 GMT
The UAE will step up efforts to fight fraud and trade in fake goods, with unscrupulous traders facing up to two years in jail, and a fine, according to a new draft law.
Opec dropped individual allocations in 2011 when it adopted a 30-mbpd output target
Libya pushing for bigger role in OPEC
08:11 GMT
Oil-rich Libya is pushing for a bigger role in OPEC as it seeks to rejuvenate its hydrocarbon sector following the revolution that ousted Muammar Gaddafi.

April 28, 2013

QNB Group has said the IMF's predications for the MENA region are too optimistic
IMF projections for MENA region "too optimistic" - QNB group
11:40 GMT
QNB Group, Qatar's first commercial bank, has said that it thinks that the IMF's predictions for MENA economies is too optimistic and the trend of downward revisions to forecasts is likely to continue.
The UAe is hoping to be able to slash prices for Ramadan by 30 per cent
UAE hoping for price slashes for Ramadan
11:17 GMT
The UAE's Ministry of Economy is hoping to bring about a 30 per cent price slash on Ramadan-related commodities once the Holy month begins in July.
Egypt's fuel subsidy changes are not stalling the long-awaited IMF deal, according to the country's petroleum minister
Energy subsidy reform not stalling Egypt's IMF deal - Minister
10:49 GMT
Egypt's fuel subsidy reform programme is moving ahead on schedule and is not the reason why a deal with the International Monetary Fund (IMF) has stalled, Minister of Petroleum Osama Kamal has said.

April 25, 2013

Egypt's economy to struggle two years on from the revolution which ousted former president Hosni Mubarak
Egyptian unemployment only going to get worse
12:41 GMT
As the Egyptian economy continues to struggle after two years of political instability after the January 25 Revolution, unemployment in the beleaguered nation is only set to get worse.
Halawi Exchange
Accused money changers in Lebanon mull court challenge
09:53 GMT
Two Lebanese currency exchange firms accused of money laundering by the United States Treasury Department have vehemently denied the allegations, saying they were considering legal action to clear their names.