Featured Articles

December 9, 2014

“However, declining oil prices if prolonged at these levels will reduce fiscal surpluses, affect economic confidence and moderate growth expectations
04:55 GMT
The 2015 outlook for GCC banks is stable, but it is negative for those in the rest of the MENA region, says Moody’s Investors Service.

December 8, 2014

Lebanon is located in the heart of the Levant basin, where seismic surveys indicate the presence of huge oil and gas reserves.
15:51 GMT
Parliament Speaker Nabih Berri told Al-Akhbar that he received information a few days ago confirming that Israel has started stealing Lebanese gas.
Lebanon is one of the countries in the world with banking secrecy laws, which were created to further strengthen the financial systems in the country.
15:14 GMT
There is no threat to Lebanon’s banking secrecy, despite the mounting pressure from the international community to disclose the accounts of Lebanese with dual passports.
A growing number of expatriates of all nationalities based in the UAE are moving their British pensions out of the UK.
04:55 GMT
So why are many more expats who have British pensions still in the UK looking to take their retirement funds offshore?
The paper suggests that these trends reflect the response of the Egyptian labour market to the financial crisis and the January 2011 uprising.
04:55 GMT
Resignation rates in Egypt reached their highest levels in 2011/

December 7, 2014

The Organization of Petroleum Exporting Countries, OPEC, has decided to keep their output ceiling unchanged in the face of falling oil prices.
13:20 GMT
To begin with, the Arab Spring has changed the geopolitics of oil.
For a wealthy nation like the UAE, which sees Sisi’s Egypt as a bulwark against Islamists, the political value of the project outweighs the economic risks.
04:55 GMT
Experts say that growing wheat in the desert makes no economic sense given the logistical and environmental challenges.
Iran’s Internet policies should not be determined by the Islamic Republic’s intelligence and security agencies.
04:55 GMT
"Authorities in the Islamic Republic have long had an embattled relationship with the online space."

December 4, 2014

Demand is rising as prices of newbuild superyachts become more sensible compared to numbers six years ago,
23:37 GMT
Superyachts in the UAE have caught a wave of fresh interest over the last year from residents of the Arabian Gulf, Russian and European tourists.
Wages paid to administrators at AUB are on average 20 to 70 percent higher relative to their counterparts in the United States.
19:23 GMT
“What one administrator earns in a month is more than what an instructor earns in a year.”
Based on the survey, food & food services and education ranked as a higher expense category in American Muslim households relative to the national average.
16:45 GMT
The American Muslim market's unique opportunity is put in context of a fast growing global Islamic/Muslim lifestyle economy representing $2 trillion in consumption (2013).
Wealthy Gulf nations have agreed on measures to improve the working and living conditions of migrant workers who constitute a substantial segment
14:47 GMT
Despite a recent agreement to improve their situation, activist pressure is set to continue as many controversial issues remain in place.
Around 40 million of the world's 1.6 billion Muslims are now clients of the Islamic finance industry.
05:55 GMT
The Islamic banking industry is being hampered by low profits and "mediocre" customer satisfaction despite impressive growth.
The year 2015 is therefore likely to see virtual working becoming increasingly mainstream ,
04:55 GMT
The year 2014 was marked by a number of potentially historic technological innovations.

December 3, 2014

Rural dwellers were much more likely to be living in poverty than urbanites.
19:23 GMT
Turkey is among the poorest countries in the Organization for Economic Cooperation and Development (OECD)