April 29, 2013
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 the UAE have said they need more support, especially in gaining access to much needed credit lines.
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.
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, 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'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 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
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.
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.
Merger and Acquisitions in the MENA region are booming, registering a 100 per cent increase in the first quarter of 2013.
April 24, 2013
Fitch Ratings said the $1.75 billion stand-by arrangement (SBA) agreed by the Tunisian authorities and IMF staff will provide the crucial support for the economy.
Fresh analysis of offshore seismic surveys of Lebanon are showing that tapping into Lebanon’s gas wealth might be easier than first thought, experts have said.
The International Monetary Fund (IMF) released a report showing that Middle East and North Africa (MENA) governments spend $236.7bn in energy subsidies, which is 50% of the $480.6bn total energy subsidies bill footed by governments worldwide.
April 23, 2013
Egypt's deal with the IMF is long-running and seemingly never ending, but is no news good news?
Qatar plans to fund at least $70 billion worth of domestic transport projects, with the rail and metro network claiming more than $35 billion in the next ten years.