Featured Articles

April 11, 2013

HORECA signals resilience despite turmoil
10:42 GMT
HORECA, the pride of the food industry's calendar, currently being held in Lebanon, is showing string signs of resilience despite regional turmoil.
Profit margins in 2012 were 1.3 per cent; in 2013 this will rise to 1.6 per cent due to the increase in the number of passengers
10:29 GMT
The Middle East and North Africa (MENA) region is witnessing the fastest growth in the aviation sector, higher than the global average growth rate.
Tourism to soon become top earner in oil-dependent nations
10:19 GMT
While oil may be the main source of income for many nations, the tourism industry is poised to overtake it very soon, a minister from South America said in Abu Dhabi.

April 10, 2013

Social and economic change on Morocco’s agenda
12:32 GMT
Morocco's Prime Minister Benkirane’s government needs to take significant action to satisfy a young population that is demanding wide-ranging reforms, writes Bassam Aoun.
Human trafficking in the Middle East
12:26 GMT
A study prepared by the International Labour Organisation (ILO), which was revealed on Tuesday, showed that the highest rates of human trafficking were registered in the Middle East.
New plant will power future economic growth
12:15 GMT
The utilities sector has remained a key ingredient to the success of the UAE economy for more than four decades as the country’s leadership has ensured uninterrupted power supply to its residents and business establishments.
The IMF forecast that the debt level will reach $43.7 billion in 2012
08:59 GMT
The deputy director of the Middle East and Central Asia department at the International Monetary Fund (IMF) Edward Jameel warns that it will be near impossible for Sudan to secure debt relief, despite reforms.
HSBC revises Lebanon 2013 forecast
08:58 GMT
Lebanon’s GDP is expected to grow at 1.4 percent in 2013 in the face of mostly poor economic indicators, according to a report by global bank HSBC.
Total employment rate grew in the UAE by 4.2 per cent to 173,000 by end of 2012
08:39 GMT
The UAE's GDP will rise by more than 15 per cent by 2022 to amount to $75.4 billion on annual basis, according to a report by the World Travel and Tourism Council (WTTC).

April 9, 2013

Mena IPOs raise record $1.6bn in Q1
12:29 GMT
The regional capital markets in the Middle East and North Africa recorded a twenty-fold increase in capital raised during the first quarter through three IPOs.
The capital gains tax itself is part of a bundle of taxes presented in the government’s latest economic program
12:17 GMT
As Egypt cancels its planned capital gains tax changes, the decision shows an economy in disarray.
Egypt eyes rising electricity prices as potential cure for summer power cuts
09:20 GMT
Officials in Cairo hope increases in household electricity prices will take some pressure off national power grid this summer, amid mounting concerns over Egypt's ability to import enough fuel to meet energy needs.
The UAE is currently working on plans to have four nuclear power reactors operational in Barakah by 2020
09:11 GMT
The UAE’s $20 billion civil nuclear programme is on schedule with the country’s first nuclear reactor slated to start operations in 2017.
Bocar A BA, CEO of Samena Telecommunications Council
08:52 GMT
With enabling ICT policies and focus on digitization, the South Asia and the Mena region can realize a $1.3 trillion cumulative impact on its GDP by 2020, creating more than 7.2 million new businesses and 13 million new jobs, a report said.

April 8, 2013

Algeria struggles to assuage anger in south
12:44 GMT
Despite lucrative gas fields in Algeria's south, unemployment remains an issue that the government is struggling to resolve.