Featured Articles

March 18, 2013

Egypt bakeries protest planned reduction of flour subsidies
11:25 GMT
Egyptian bakers and bakery owners protest government decision to significantly raise price of flour used to produce subsidized bread.
The GCC private sector is losing
11:15 GMT
The Arab revolutions have reversed GCC government's plans to decrease the size of the public sector in the region by giving people jobs to try and calm potential protest movements.
The development of the algae-for-biofuels industry can be used to supplement the growth of the aquaculture industry in the UAE
10:30 GMT
The UAE is planning to become a world leader in biofuels from the algae industry by 2020, joining major countries which have already started practical steps in producing energy and biofuels from the algae industry.

March 17, 2013

Iraq’s Gross Domestic Product reached 10.5 percent in 2012, the highest percentage in the Middle East, and higher than previous expectations
11:30 GMT
Iraq has recorded the highest percentage of economic growth of all Arab economies in the last few years , with the US and Kurdish companies taking the lion's share of profits.
Repairing the damage caused by two years of fighting could cost up to $80 billion
11:26 GMT
As the Syrian conflict enters its third year,forcing over one million to flee and killing over 70,000, the macro-economic concerns may not be at the forefront of people’s minds. However, the country is facing harsh economic realities, despite the lack of official information.
Of the food lost Yemen, 90 percent of the loss happens before the food even reaches consumers
10:55 GMT
With almost half of Yemen's population facing difficulties feeding themselves, restaurants in the capital city, Sana'a are finding ways to ensure nothing goes to waste.
No aid to Egypt without democracy, human rights
08:34 GMT
European Parliament threatens to halt funds to Egypt, citing Port Said death sentences, human rights violations, and lack of political consensus in Egypt.
Lebanese banks in Syria would continue to operate in this country unless the Syrian central bank governor decides to revoke their licenses
08:01 GMT
Lebanese banks are regularly updating the lists of individuals and groups with suspected links to terrorist organizations in line with strict U.S. and European measures to combat terrorist funding, the secretary-general of the Association of Banks in Lebanon said Friday.
The 13th annual Jeddah Economic Forum is currently being held at the Jeddah Hilton
07:46 GMT
The World Economic Forum (WEF) will be making its debut in Saudi Arabia on Sunday through a “strategic partnership” with the Jeddah Economic Forum (JEF).

March 14, 2013

Devices spending in the region was likely to reach $29.6 billion in 2013, up 7.7 per cent over last year
11:31 GMT
The Middle East region’s expenditure on Information Technology (IT) is projected to hit $192.9 billion in 2013, registering a 5.5 per cent increase from last year.
IBP believes that political turmoil in Egypt and other countries in the region has affected budget transparency
11:09 GMT
Egypt was last year's worse performer when it comes to budget transparency, according to new survey highlighting dramatic regression in post-revolution period.
Gas vendors from Marib and Jawf intend to join the men currently protesting outside the Yemeni Gas Company in Sana’a
10:59 GMT
Following a rise in the cost of gas cylinders in Yemen, traders are complaining that the increase in price is harming their ability to turn a profit.
Lebanese authorities would now begin giving high priority to Egyptian products entering the Lebanese market
07:50 GMT
Ali Hassan Khalil, Lebanon’s health minister, stated recently that Egyptian medical products would be given a high priority within the Lebanese market.
Lebanon’s agriculture sector seemed to be heading for a new phase of development after 20 years
07:33 GMT
Already struggling with limited water resources and land degradation, farmers in Lebanon are likely to face additional challenges coping with the effects of climate change.
In an increasingly volatile global market, uninterrupted supply of energy is crucial to power homes, offices, businesses and industries
07:27 GMT
The UAE, a major player in the global energy market, is investing heavily to ensure that there is enough oil to power Asia’s major economies.