ALGERIA. The Algerian government plans to privatise Algérie Telecom in the first half of the year, Communications Minister Boudjema Haichour said this week.The Minister stressed, however, that the state would maintain a majority stake in the firm. The government is seeking to partner with a foreign company in order to bring more technological added value. Companies interested in the estimated US$3 billion deal include Etisalat, France Telecom, Telefonica, Portugal Telecom and Deutsche Telecom. Algérie Telecom operates 3.5 million fixed lines, 4.0 million mobile lines and provides Intern
Posted: May 27, 2013
UAE. Only 3% state a high level of satisfaction with their current remuneration; 21% expect a raise of more than 15% in 2013, according to Bayt.com and YouGov Salary survey.
Posted: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
Posted: May 8, 2013
ALGERIA. The Oran tramway is 18.7 km long and features 32 stops located in the largest boroughs of the greater Oran region.
Posted: April 29, 2013
UAE. MENA sales increase by 27% for fiscal year 2012-2013; Land Rover sales up 29%; Jaguar sales up 19%.
Posted: April 11, 2013
INTERNATIONAL. Saudi Arabia "seems poised to ramp up" production further to meet seasonal demand, after restoring output to a four-month high of 9.3 million barrels a day in March, an increase of 50,000 a day from February.
Posted: April 11, 2013
TUNISIA. The African Development Bank (AfDB) and World Bank convened a workshop with representatives of Algeria, Egypt, Jordan, Libya, Morocco, and Tunisia to review and upgrade the region's path-breaking regional Investment Plan for Concentrated Solar Power (CSP), with funding from the Climate Investment Funds (CIF).
Posted: April 9, 2013
UAE. 46% of online respondents think that people join violent extremist groups for money; 36% of online respondents think the French intervention in Mali will increase the likelihood of terrorist attacks in Europe.
Posted: April 4, 2013
UAE. An upsurge in business has sharply boosted imports by the UAE over the past few years to turn into the largest market in the Middle East although it has one of the smallest populations in the region.
Posted: March 27, 2013
QATAR. The plant's commercial production, expected to start in 2017, is planned to meet Algeria's requirements of over 5 million MT/PA of steel.
Posted: March 18, 2013
UAE. 55% of MENA residents believe business conditions will also become better, according to the latest MENA Consumer Confidence Index Survey conducted by Bayt.com and YouGov.
Posted: March 15, 2013
INTERNATIONAL. Arab States could reap a major "demographic dividend" if they can convert their advances in education into employment opportunities for youth, says the 2013 Human Development Report.
Posted: March 4, 2013
UAE. World Economic Forum, in collaboration with Accenture, releases report on countries' energy systems; "Significant renewable energy projects in the GCC are expected to see the Middle East's rankings rise in future reports."
Posted: February 25, 2013
UAE. 43% of respondents report an increase in business travel budgets during 2012; KSA and UAE most popular business travel destinations among respondents in 2012; 29% of business travelers surveyed flew in a premium class in 2012.
Posted: February 24, 2013
UAE. The majority of employees stay no longer than five years in a job; Multinationals seen as having highest retention rates; 60.2% state that retention today is lower than in previous generations.
Posted: February 17, 2013
UAE. 30% of MENA employers are "definitely hiring", an additional 27% say they are "probably hiring"; In the UAE, 35% of the companies are "definitely hiring" in the next three months.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.