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March 11, 2013

The railway is expected to start operating in 2017
07:24 GMT
A $6-billion railway project being planned by the Omani government is expected to generate more than 70,000 jobs, according to project statistics
GCC economy put at $1.6 trn in 2013
07:23 GMT
The economies of Gulf hydrocarbon producers will grow by around eight per cent to peak at nearly $1.6 trillion in current prices this year, new statistics show.
Lebanon witnessed an alarming deterioration in public finances over 2012
07:09 GMT
Lebanon's Finance Ministry has forwarded an amended 2013 budget proposal to the Cabinet, cutting expenditures by over $1 billion in a bid to curb the soaring deficit, said a statement released by the ministry over the weekend.

March 10, 2013

Egyptian ports lost most of their transit supplies as some suppliers shifted their trade activities from Egyptian ports to ports located in Lebanon, Turkey and other countries
11:32 GMT
Egyptian ports have lost most of their transit to Libya business, as suppliers have shifted their trade activities to Lebanese, Turkish and other ports.
Tunisians face petrol price hike
11:04 GMT
Tunisians are outraged by the latest increase in fuel prices, which some suggest could also imperil the country's fragile political environment.
Jordan's growth policy is underlined by an aggressive economic and fiscal reform programme for the next four years with the support of the IMF to reduce the budget deficit
07:31 GMT
Jordan's King said on Saturday that the private sector is key to a sustainable future for the country's economy.
The volume of investments amounted to JD4.9 million during the past two months compared to JD1.7 million during the same period of 2012
07:26 GMT
The number of Syrians investing in Jordan shot up by 197 per cent during the first two months of this year, the general controller of companies revealed.
The government has already announced plans to invest SR408.75 billion to produce an additional 41 GW of solar energy by 2032
07:01 GMT
Saudi Arabia is fast becoming a leading investor in alternative energy with the government announcing various solar energy projects that are aimed to ensure sustainable long-term supply of energy across the Kingdom, experts have said.

March 7, 2013

Violence aside, economics alone can fragment Syria
11:06 GMT
Economic devastation is tearing Syria apart, perhaps irreparably, if fighting rages for another two years, according to a former minister now working on a U.N.-backed reconstruction plan.
In the absence of financial markets, Tunisia will have only the World Bank and International Monetary Fund (IMF) to talk to
11:03 GMT
Over two years since the uprising that ousted former Tunisian president Ben Ali, continued political instability is hurting the economy of the north African country.
$15 trillion in upstream oil and gas investment is needed to meet the projected oil demand of 99.7 million bpd by 2035
11:00 GMT
Ensuring sustainable supplies of oil and gas in the face of growing market demand is the biggest long-term challenge facing the region's energy sector, experts said on Wednesday.
Gas reserves in Lebanon amount to more than 25 trillion cubic feet
07:18 GMT
International oil companies are competing over exploiting Lebanon's large energy reserves detected off its coast, as analysts say it could redraw the energy landscape of the region.
Empowering women is not only the right thing to do, but makes good economic sense
07:16 GMT
Ahead of Friday's International Women's Day, the UN has said that women will not be able to fully participate in their countries’ economic and political activities until gender equality is achieved.
Lebanon’s slowing economic growth is expected to weigh on overall advertising expenditures, including online ad spending
06:48 GMT
A sluggish economy and stiff competition from international ad serving platforms will make it difficult for local websites to boost their advertising revenues this year, and there is very little they can do about it, industry experts have said.

March 6, 2013

Libya insecurity deals economic blow
11:37 GMT
Continued instability in Libya, including the recent clashes near a gas installation, forcing the halt of exports to Italy, is hurting the slow process of economic recovery.