Featured Articles

October 23, 2012

Rail markets in the MENA region are booming
09:17 GMT
The Middle East and North Africa (Mena) region is currently one of the world's fastest growing markets for rail with over $156 billion worth projects planned or under way in the region.
More bad news for the President as the economy is dealt a fresh blow
08:18 GMT
Lebanon’s economy will end 2012 on a negative note as political and security instability drags on with medium- and long-term economic indicators showing continuing signs of mediocrity.
Could solar power be the future in the UAE?
05:00 GMT
The UAE has opened the first World Energy Forum outside the United Nations headquarters in Dubai on Monday, the forum’s official website reported.

October 22, 2012

Saudi Arabia booming in increasing oil prices
12:30 GMT
Saudi Arabia's economy is forecast to surge by around 3.8 percent on current prices, to hit an all time high in 2012 amid swelling oil prices underpinned by robust public and private sectors, as oil prices creep up globally.
Khairat El-Shater has helped secure a Qatari loan that will save the Egyptian pound
12:19 GMT
Brotherhood number two and Mubarak-era minister arrange for final installments of Qatari loan to be paid by end of year in order to stave off decline of Egyptian pound.
The UAE Central Bank and Abu Dhabi  came to Dubai's rescue as it struggled in the face of the global financial crisis
11:31 GMT
The U.A.E. central bank and the Abu Dhabi government bailed out Dubai with $20 billion of loans after the city-state that became synonymous with skyscrapers and man-made islands roiled the global financial markets in late 2009.
Arab Bank has recorded a big increase in net profits
09:56 GMT
With a global economy that is claiming victims almost daily, Arab Bank looks impressive ass the group announced that its net profit increased by 13 per cent during the nine months period ended September 30, 2012 compared to the same period in 2011.
Hajj is highly spiritual, but can it be done as a VIP?
08:49 GMT
Performing the Hajj pilgrimage can be a costly business, but one a hugely spiritual one journey that is often once in a lifetime. Now, to make it even more special, a pilgrim can have the 'Hajj VIP' Package.
Bank loans are crippling Omanis in a worrying sign for the economy
06:00 GMT
Omani citizens are saddled with more banks loans then they can afford and the increasing number of borrowers is threatening to tip the scale of economy, say financial experts.

October 21, 2012

Lebanon began its bid to join the WTO in 1999. During this time, it has struggled to meet the standards to join the organization due to outdated laws, regulations and quality standards
13:13 GMT
Lebanon is facing a period of political and economic turmoil after the bombing which killed Wissam al-Hassan, leading to the Prime Minister offering his resignation, and concerns over the economy. The country is desperately trying to improve its image and is trying to gain a seat at the influential WTO table.
Nationalisation of jobs remains one key aspect of HSBC's diversity strategy in the MENA region
13:01 GMT
HSBC has announced that it is championing gender diversity in its Middle East and North Africa operations, but evidence shows that only one in five of its senior mangers are women, showing that the company still has a long way to go.
All such restaurants with huge space will now have to lose with the smoking ban
12:39 GMT
A smoking ban in Suadi Arabia is proving to be good for both peoples health, and the economy in the Kingdom, with over 3,500 restaurants and coffee shops being ordered by the Ministry of Interior to turn into smoke-free restaurants or to shut down. Although some business owners remain concerned.
Dubai is planning to invest in road transport in residential areas
09:45 GMT
Preparations are under way to roll out the next phase of Dubai’s major transport infrastructure initiative focusing on building roads for key residential areas, a senior official has said.
As another ship attempts to break the blockade of Gaza, Qatar pledges support
09:34 GMT
As Israel stops another pro-Palestinian ship carrying humanitarian cargo for Gaza on Saturday, Qatari and Palestinian officials said that their Gulf state will start to channel goods and materials to rebuild Israeli-blockaded Gaza via neighboring Egypt.
After the bombing that killed Wissam al-Hassn, what is next for Lebanon's economy?
06:00 GMT
The deadly explosion in Beirut's Ashrafieh neighborhood will likely deal a crippling blow to the already struggling Lebanese economy, experts have said.