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January 21, 2013

The UAE operating environment is likely to remain subdued in 2013
08:17 GMT
The UAE's banking industry looks set to remain profitable, despite weaker asset growth, according to ratings agency Fitch.
According to NBK, oil prices will average $100 per barrel over the forecast horizon – a level that allows most GCC governments to finance higher spending without draining their financial reserves
07:17 GMT
GCC economic growth is set to slow to 3.6 per cent in 2013 from 5.4 per cent in 2012 as the three-year surge in regional oil production comes to an end, a new report claims.

January 20, 2013

OPEC s spare capacity reaching six million bpd by 2015 the highest since the late 1980s
12:14 GMT
As the Algerian hostage situation played out, increasing fears over security at installations across the region, oil prices spiked, helped by fresh worries over Saudi Arabian oil output came to the fore.
One veteran television journalist who is an expert on the history of Al Jazeera said 42,000 prime-time viewers is nothing in a country which has a population that has more than 300 million
11:38 GMT
Al Jazzera's buy-up of Current TV to try and crack the highly competitive US media market has left many people asking just one questions - Why?
Experts predict $4.3 trillion worth of construction projects across the Mena region over the next decade
08:08 GMT
The construction industry in the Middle East is often cited as one that is particularly poor for the environment, but what will 2013 hold? Wil the industry clean up its act?
Lebanese banks should place 15 percent of their deposits in Lebanese pounds at an account at the Central Bank
08:03 GMT
As the Lebanese economy continues to struggle in the face of the civil war across the border in Syria, the Central Bank has ordered commercial operations to inject much needed liquidity into the market.
A recent economic report noted that unemployment in 2011 stood at 16 percent in Arab countries where 17 million people out of 300 million are jobless
07:56 GMT
The challenges of the economies of 'Arab Spring' nations continue to dominate the news and should feature highly on the discussion at an economic summit in Saudi Arabia starting tomorrow, according the the Saudi Foreign Minister.

January 17, 2013

Economists do not expect a significant decrease of imports due to the recent devaluations
12:10 GMT
Economies around the globe have often benefitted from devaluing their currency, but experts fear that Egypt's currency plan will leave the country still floundering.
Lebanon’s craft beer brand, 961, started exporting to the U.S. last week
11:57 GMT
Beirut's best beer has headed to the US to try and woo punters in an increasingly crowded microbrewery market.
The contracts included a 50 million euro deal to build a power plant on Syria's coast
11:35 GMT
Syria signed a $1 billion credit facility agreement with Iran Wednesday, during Prime Minister Wael Halqi's visit to Tehran.
Around 102.55 million shares, altogether worth about Dh162.95 million were traded on the market
08:37 GMT
The Dubai stock market hit a ten month high as more foreign investors increase their activity in the Emirate.
To achieve green development, new mechanisms are required to promote innovation and technology diffusion
08:25 GMT
The UAE has announced new plan to develop its National Strategy for Green Growth over the next nine months, in an effort to promote cleaner development and economics.
Lebanon could not continue to spend up to 15 percent of its GDP on fuel imports
08:13 GMT
Oil of the coast of Lebanon could be highly lucrative and help the country reduce the coast of its energy imports.

January 16, 2013

A shipment of 100,000 tonnes of Ukrainian wheat bought for around 30 million euros ($40.1 million) has already arrived this month
12:17 GMT
The civil war in Syria is hurting the economy, forcing the relaxation of trade tariffs on basic commodities to make it easier for fuel and food to reach the embattled country.
Remittances to Arab Spring states fall
11:03 GMT
As the conflict in Syria comes up for its second anniversary and political instability blights Egypt, remittances from Saudi Arabia to these countries has nosedived by up to thirty per cent.