Featured Articles

January 3, 2013

Middle Eastern investment banking fees totalled $402 million during the first nine months of 2012
11:27 GMT
Global banks are scaling back operations in the Middle East, as companies begin to question if the region is value for money as they cut bank on staff and sell-off operations.
Unemployment among the youth in Yemen has reached 60 percent
11:17 GMT
The United Nations Development Programme is set to launch new new initiatives in Yemen, which it hopes will ease the chronic youth unemployment rate, which is currently at sixty per cent.
The aging population will further increase the burden on health care systems and costs
11:16 GMT
The pharmaceutical market of Saudi Arabia, one of the largest in the Middle East region, is forecast to expand by 4.7 per cent a year to reach $4.7 billion by 2016, a report said.
Tourism and hospitality in Lebanon received a small bost over the festive period, but 2013 is set to be tough
09:05 GMT
Lebanon's tourism and hospitality sector received a brief respite over the festive period, but 2013 looks set to be a tough year for the industry.
Newly released figures show that 235,000 foreigners work legally in Jordan
08:31 GMT
The number of guest workers in Jordan with valid work permits stood at 235,258 at the end of 2012, the Ministry of Labour’s end-of-year statistics showed.
Saudi Arabia had one of the lowest public debt accounts in the world
08:16 GMT
The government debt of Saudi Arabia shrunk to SAR 98.85 billion by the end of 2012, and the Kingdom is directing resources at stimulating economic growth, and not just debt payments.

January 2, 2013

Smartphones are the must have accessory for the youth of the Middle East
12:24 GMT
Smartphones, not laptops, are the most desired device among 18-30 year olds in the Middle East as they are seen as the most versatile and compact, according to a recent survey by Cisco.
Abu Dhabi's foreign trade increased by 37.6 per cent in 2011
12:17 GMT
The value of Abu Dhabi's foreign trade increased by 37.6 per cent in 2011 to AED532.9 billion ($145.09bn), accounting for 66 per cent of its GDP for the year, the Department of Economic Development (DED) revealed, reports The National
Youth unemployment in Jordan remains a real challenge for the government
11:22 GMT
As Jordan and other developing countries struggle with growing youth populations and limited job opportunities, experts and officials say that solving the problem of youth unemployment is among the Kingdom’s top policy challenges.
Fake medicines are a big problem in Bahrain and the government is taking action to tackle the issue
09:59 GMT
Around a third of medication sold in Bahrain could be fake, a senior official said, adding that legislation is now being put in place to get to grips with the problem.
2021 saw the Egyptian stock market reacted  to the turbulent political scene in the country
09:23 GMT
The year 2012 was an eventful one for Egypt. It saw a parliament elected then dissolved, a military junta ousted and a civilian president assuming power, and as expected the stock markt reacted, here are the five moments
2012 was a tough year for Jordan's economy and residents of the Kingdom fear what 2013 will hold
03:00 GMT
2012 was a tough year for the Jordanian economy, and many living the Hashemite Kingdom are worried what the next twelve months will hold.

January 1, 2013

Is Jordan about to have a renewable energy revolution?
08:00 GMT
Jordan is set to receive $300 million from the Gulf states to boost investment in renewable energy, officials say, as Amman looks to solar and wind power as potential solutions to the country’s chronic energy woes.
2012 proved to be a good year for the UAE
06:00 GMT
2012 was a tough year for economies across the region, as the global downturn saw continued turbulence, and continued political instability made markets volatile, but the UAE's economy went from strength to strength.

December 31, 2012

Today, the best New Year’s Eve party in Lebanon costs $500, while last year they exceeded $1,000
11:33 GMT
As the the UAE's travel ban on its citizens heading to Lebanon for a holiday takes hold, hurting the once-thriving tourism industry, is there more than meets the eye in the advice not to visit?