November 12, 2013
The IMF should perhaps learn that one size fits all, especially when it comes to Yemen's subsidy reforms
The IMF has long been obsessed with getting countries to lift their subsidies before granting them loans, but that has long proven to put some countries at further risk of poverty and hunger. The case of Yemen is an example of how subsidy reforms isn't always the smartest thing to go for.
"You can’t blame the political turmoil entirely as a reason. What we are experiencing here is a weakness that was in the Egyptian economy before 2011."
November 11, 2013
"The executive bureau of Cyrenaica decided on the creation of a petrol and gas company which will have its temporary headquarters in the town of Tobruk," said self-proclaimed government head Abd Rabbo al-Baraassi.
The ongoing inspection raids have phased out 50% contracting firms registered with the country’s chambers of commerce.
Forty years ago, the United States and much of Europe learned difficult lessons about their dangerous addiction to Arab oil.
We're talking trillions here: Balance sheets of the Gulf's Islamic Banks about to reach enormous levels
Saudi Arabia, the UAE and Qatar will all increase their global importance as centres of Islamic finance in the coming years, as the three markets experience rising international demand for financing.
Lebanon's beer industry is "undergoing a renaissance" with local brewers such as Marwan Jajjar and Emile Strunc introducing new ales and craft brews into bars and shops nationwide.
“Within a few months they will choose the winning bids and the successful contractors will be able to start building within a number of weeks [after that],” the group’s Hagit Ofran said.
November 10, 2013
Oman's local economy was ranked first on expat satisfaction based on a survey commissioned in more than 100 countries.
GCC inflation continues to remain in check thanks in part to lower international food prices among other factors.
Female entreqreneurs in the Mena region need 150 years to meet the standard of developed countries
“They already paid for the bomb, they will go to Pakistan and bring what they need to bring,” BBC Newsnight quoted him as saying.
November 7, 2013
The Kingdom’s commercial districts and farm areas have taken a beating as businesses continued to struggle to staff shops, supply vendor operations and produce farms in the wake of the Labor Ministry’s relentless crackdown on illegal workers.
However since that time until today, according to another informed economist, Cairo has followed a policy similar to the popular Egyptian proverb “Placing a hat where needed,” meaning a stop-gap solution that does not address an underlying problem.
The three vital projects that Qatar Rail is implementing will enormously boost the public transport connectivity across the country and even beyond its borders in coming years, CEO Saad Ahmed al-Mohannadi said yesterday.