November 26, 2012
Residential property prices in Jordan are expected to surge by 15 to 20 per cent next summer, caused in part by the government's decision to increase the cost of fuel, adding to inflation woes and hurting already hard-pressed citizens.
Recent rain in Jordan has helped to alleviate some of the shortage the Kingdom was suffering, but still remain at only 21 per cent full. The country is the fourth direst on earth and relies heavily on rainfall for irrigation.
Egypt’s $4.8 billion loan from the International Monetary Fund (IMF) could be delayed due to instability following President Morsi's Constitutional Declaration.
November 25, 2012
Egypt’s stocks have plunged on the first trading day of the week following President Morsi's controversial Constitutional Declaration on Thursday.
An ambitious new mega-city, including the world’s largest mall and a park bigger than London’s Hyde Park, was announced yesterday— kickstarting the “Dubai 3.0” development plan, according to a statement from the Dubai Government’s media office.
As concerns grow for human rights and the campaign for greater democracy in Kuwait, the Indexes of Kuwait Stock Exchange (KSE) dropped in early trading, ending good performance over the previous three weeks.
Gangnam Style, the dance track by South Korean pop phenomenon Psy, has become the most-watched video of all time on YouTube, it has been revealed.
The Egyptian stock market went in to free-fall after President Morsi's decision to increase presidential powers, and comes after a slew of bad news for the Egyptian economy.
The Algerian government is resolutely committed to establishing a genuine "growth pact" with both public and private enterprises as it seeks to boost economic growth.
As figures released show that Egypt's debt and deficit are increasing, the latest figures also show that Egypt’s economy growth rate dropped again, to 2.6 per cent, down from 3.3 per cent.
The World Bank has approved US$90 million to fund various projects in Yemen, after successful talks in Cairo. The money will also come with technical assistance and the provision of "institutional support".
In what could be a worrying sign for the IMF, Egypt’s total deficit rose by 3.9 per cent in the third quarter of 2012 (July-October) compared to the same quarter last year, the latest bulletin published by the Egyptian Ministry of Finance reports.
The private sector made up nearly a third of Abu Dhabi’s overall gross domestic product of Dh691 billion last year, according to Mohammad Thani Murshed Al Rumaithi, chairman of the Abu Dhabi Chamber of Commerce and Industry.
After David Cameron's arms-dealing trip across the Middle East, nine members of the British Parliament have arrived in the United Arab Emirates on a four-day visit to try and talk up trade partnerships.
November 22, 2012
Egypt’s unemployment rate saw a minor decline of 0.1 per cent in the third quarter compared to the previous quarter, reaching 12.5 per cent, the state-run statistics agency CAPMAS stated on Wednesday.