Featured Articles

February 27, 2013

From right, Social Affairs Minister Wael Abu Faour, Agriculture Minister Hussein Hajj Hasan and Tourism Minister Fadi Abboud attend a Cabinet meeting at the Grand Serail in Beirut,
12:48 GMT
If Lebanon's government pushes through the long-debated public sector pay rise, it could fuel higher inflation, higher budget deficits, economic stagnation, economists have warned.
IMF Managing Director Christine Lagarde at the Presidential Palace in Cairo
12:30 GMT
Egypt is set to increases taxes and reduces government subsidies as part of plan to reduce a spiraling budget deficit and to woo the International Monetary Fund.
Iran said to have nuclear weapons plan B
07:39 GMT
As the world awaits the outcome of nuclear talks in Iran, Iran has created a plan B for nuclear weapons capacity in a second plant, satellite images indicate.
With the number of unemployment rising, pensions and salaries disappearing, and reports that the country could face massive food shortages in the coming summer months
06:59 GMT
As the economic crisis in Egypt deepens, the post-revolution country is continuing to struggle with unemployment.
A stable political environment along with structural reforms could move the economy to a sustainably higher growth rate
06:50 GMT
The Institute of International Finance estimated that Lebanon’s GDP growth fell to 0.8 percent in 2012, down from 1.8 percent in 2011, saying the decline highlighted the need for a stable political environment and structural reform.

February 26, 2013

Dubai Airport
11:22 GMT
The passenger traffic at Dubai International Airport surged 14.6 per cent in January to hit a record 5.56 million compared to 4.85 million during the same period last year, as the wider regions sees a dip in tourist numbers.
IMF Managing Director Christine Lagarde
10:35 GMT
Egypt has unveiled a raft of measures as part of an economic reform programme, designed to finally clinch the $4.8 billion loan from the International Monetary Fund.
Gulf Air is on course to complete a strategic restructuring
10:21 GMT
Gulf Air, Bahrain's troubled flag carrying airline, is on course to complete a strategic restructuring, according to Bahraini media.
UAE executives largely perceive innovation as a positive force and key economic driver
07:07 GMT
Innovation is key for businesses in the UAE, with 89 per cent of companies looking for new methods of working, according to a new survey.
Trading in the real estate market rose by 40 per cent to JD421 million in January, while it stood at JD300 million in the same month last year
07:07 GMT
Home builders in Jordan are facing a massive profit squeeze, but there are hopes for strong sales in the summer months, according to the head of the country's house building association.
Trade between the UAE and Turkey reached $ 5 billion in 2011 and is forecast to markedly increase to up to $ 10 billion by 2015
06:51 GMT
Turkish investments in the United Arab Emirates reached $ 6 billion, with the main focus in the construction sector, while the UAE investments in Turkey reached $ 5 billion in 2011.

February 25, 2013

The GCC region is facing a major health spending burden, according to new research
12:59 GMT
The health care spending will impose a hefty burden on GCC governments in years to come, according to research by Booz and Company.
Egyptians bought 43 per cent more cars in January 2013 compared to the same month of 2012; producers and distributors remain cautious
11:57 GMT
Car sale in Egypt are in the fast lane, increasing by 43 per cent in January of this year, the latest report from the Automotive Marketing Information Council (AMIC) shows.
The teachers would seal off the entrances to private schools starting from 6 a.m. to make sure none of them receive students
11:01 GMT
Private sector teachers in Lebanon join government colleagues as strike action over the long-debated salary increases enters its second week.
New projects to boost Saudi tourism
10:01 GMT
Saudi Arabia is moving itself to become the centre for tourism in the MENA region, including massive new infrastructure projects and a new airport in Jeddah.