Featured Articles

December 3, 2012

The rate of growth was the lowest since September 2011
11:05 GMT
Growth in businesses in Saudi Arabia is at a one-year low, caused in part by public holidays in November, but the Kingdom's economy remains robust against outside influences, buoyed by high-oil prices.
Lebanon's economy continues to hurt over the Syrian conflict
06:42 GMT
A series of recently issued economic indicators showed a persistent decline across Lebanon’s tourism, real estate, trade and banking sectors as fears of a spillover of the Syrian crisis continue to weigh on Lebanese consumer confidence.
Saudi Arabia is set to expand its housing stock
03:00 GMT
Saudi Arabia’s housing stock is expected to expand from 4.6 million units in 2010 by 2.4 million units during the next 10 years, with expenditures reaching SR1.3 trillion ($346 billion), a report said
Dubai: The new medical capital of the Middle East?
03:00 GMT
In a strong signal of Dubai’s fast-growing position as one of the world’s leading medical capitals, the sector in the emirate is projected to be worth $10.9 billion (Dh40 billion) by 2013.

December 2, 2012

Despite a debilitating political crisis threatening the shutdown of the country, it was implementing a series of new policies aimed at boosting foreign investment in the country
11:53 GMT
As Egypt deals with another round of political turmoil, and rumours flying over the continued viability of the IMF loan, the Prime Minister Hisham Qandeel has announced new policies to attract foreign investment
A number of protests outside refineries have posed a significant challenge to Libya's new government, which is dependent on oil for most of its revenue
11:17 GMT
Protests last week in Libya outside an oil refinery illustrate just how vulnerable the country is, despite being an oil-rich nation, it lacks enough plants to refine oil for use by the population.
Central Bank intervened on several stages to buy treasury bills in order to preserve stability
10:39 GMT
Lebanon's Central Bank governor Riad Salameh has projected that inflation to reach 6 percent while the balance of payments deficit will exceed $2 billion at the end of this year, as the central bank looks for ways at boosting the economy.
Smartphone markets in the Middle East are booming
08:35 GMT
Smartphone markets in the Middle East are on the rise, with the new Apple iPhone 5 and Windows Phone 8 expected to get the lions' share of an ever increasingly competitive market.
Libya has gifted Tunisia a multi-million dollar finance package in a deal being hailed as an era of new relations between the two nations
08:02 GMT
Tunisia has just received a 200-million dinar ($127 million) development package from Libya, which is being used to help cover Tunisia's budget deficit but the move has caused some criticism in Tripoli.
Top Bankers has urged the Lebanese government to take action over the economy
07:18 GMT
A leading banker in Lebanon has called for action to restore the confidence of investors in the region, as the country is buffeted from the Eurozone and the Syrian civil-war.

November 29, 2012

The OECD has downgrading its forecast for the global economy in 2013
12:18 GMT
The Organisation for Economic Co-operation and Development (OECD) has downgraded its global growth forecast, as fears remain over the US Fiscal Cliff, the Eurozone, Middle East tensions and a slowdown in the Chinese economy
The transaction is being funded from existing operating cash flow and credit lines
11:30 GMT
Abu Dhabi National Energy Company (Taqa) announced on Wednesday that it has agreed to buy oil and gas assest in the North Sea from BP, in a deal worth $1 billion.
The new programme aims to reduce the budget deficit to 10.4 per cent for the current fiscal year
11:20 GMT
Egyptian Prime Minister Hisham Qandil has finally announced the economic reform package for the embattled country, which is required by the International Monetary Fund to secure a $4.8billion loan.
Lebanon's Euroband auctions have been hit my violence in Syria and Gaza
09:42 GMT
The volatile situation in Syria and the sudden war on Gaza made Lebanon’s last Eurobond issue less appealing to Arab and foreign investors despite the Finance Ministry’s success in securing $1.525 billion of this bond.
Lebanon’s Central Bank Governor, Riad Salameh, is expected to announce a stimulus package
03:00 GMT
Lebanon’s Central Bank is putting a stimulus package in place to boost its bruised economy, which has taken a hit by its troubled neighbour Syria