Featured Articles

December 27, 2012

A new report claims that Dubai is entering a new period of economic growth
07:56 GMT
A report published Wednesday by the Dubai Economic Council (DEC) claims the emirate’s financial performance since the crisis of 2009 indicates a “new phase of rapid growth” for Dubai’s economy.
More trouble with the Gulf Air restructuring as trade unions refuse communication with senior management
07:32 GMT
The unions of Bahrain’s national carrier Gulf Air have agreed not to communicate with the airline's executive management about the restructuring of the airline, as the debacle over the future of the flag carrier continues

December 26, 2012

 Libyans were treated in Jordan after the uprising, but many hotels are still waiting for payment
13:44 GMT
Some Jordanian hotels have been forced to close down or sell properties due to Libya’s delay in paying outstanding dues of Libyan guests who came to the Kingdom for medical care, according to the Jordan Hotel Association (JHA).
GCC economies are set to have a good 2013, buoyed by high oil prices
13:24 GMT
The GCC countries are expected to grow about five per cent in 2013 on a non-oil real GDP basis while oil prices will stay close to $100 per barrel keeping these countries budget finances in surplus, a report said.
Oman has beaten all other GCC nations in a World Economic Forum energy league table
13:04 GMT
The Global Energy Architecture Performance Report 2013, published by the World Economic Forum (WEF), has Oman in 76th place and heading GCC countries in the global ranking of energy systems.
Strike gas workers in Egypt highlight the problems of the country's economy
11:43 GMT
Four hundred of Egypt's gas bill collectors go into their 15th day on strike over better wages.
As the conflict in Syria grinds on, daily necessities such as bread are harder to buy
11:10 GMT
As the civil war in Syria grinds on, daily life in Syria gets harder, with long queues from bread and inflated prices.

December 25, 2012

A new campaign is hoping to use technology to reduce poverty
06:00 GMT
The poverty rate in Yemen has reached almost 55 percent and poverty among youth has increased to 60 percent, according to a report released by the World Bank in 2012, but a new scheme is using technology to halt the growing trend.
Qatar has raised its growth forecast as infrastructure projects gain speed
03:00 GMT
Qatar raised its forecast for economic growth next year and said that while prices would rise considerably as huge infrastructure-building plans gained speed, some fear the spectre of inflation.

December 24, 2012

Dubai Airports revealed that traffic is forecast to reach 66 million in 2013
11:15 GMT
Passenger traffic at Dubai International is all set to surpass the projected target of 56.5 million for 2012, as the world’s fourth busiest hub for international passengers racked up another month of double digit growth this November with an eye on 66 million passengers next year, according to a report.
The number of Syrian journalists killed inside the country defeated the number of killed foreigner journalists
11:14 GMT
2012 proved to be one of the deadliest on record for journalists across the world, with Syria being one of the most dangerous places on earth to work in the industry, claiming the lives of 90 people.
Americans consume roughly 18.5 million barrels of oil daily, a mere $8 increase in the price per barrel would sap $1 billion per week from the U.S
10:51 GMT
The last twelve months were characterised by the ramping up of propaganda by Israel and Iran over the possibility of a war, reaching the climax with the 'BiBi Bomb', but would would be the cost of any war in 2013?
China is driving the demand of GCC-region goods as exports increase
09:01 GMT
Exports from the GCC countries to China rose to $7.1 billion in October from a yearly low of $4.9 billion in August, marking a 45.6 per cent increase in just one quarter, a report said.
One construction worker dies every five dies in Jordan
08:00 GMT
New figures from Jordan show that constructions workers are dying at the rate of one every five days, causing the government's Social Security Corporation (SSC) department to launch a health and safety campaign.
GCC states helped billions of dollars flow out of the country illegally between 2001 and 2010
03:00 GMT
More than US$400bn of illicit cash flowed out of the six GCC countries between 2001 and 2010, according to a report by a global financial watchdog.