Politics & Economics

FEATURED REPORT...
Posted: 19-07-2011
INTERNATIONAL. Something extraordinary, albeit not unexpected, is happening in the Persian Gulf region. The United States, lacking a coherent strategy to deal with Iran and too distracted to develop one, is struggling to navigate Iraq’s fractious political landscape in search of a deal that would allow Washington to keep a meaningful military presence in the country beyond the end-of-2011 deadline stipulated by the current Status of Forces Agreement. At the same time, Saudi Arabia, dubious of U.S. capabilities and intentions toward Iran, appears to be inching reluctantly toward an accommod
Posted: April 16, 2014
Libya. The central government reached an agreement with some rebels earlier this month to open the Hariga and Zueitina oil terminals, which have combined capacity of 180,000 barrels a day.
Posted: April 16, 2014
INTERNATIONAL. The men on top of the troop carriers, some of whom were masked, were armed with Kalashnikov rifles; The origin of the troop carriers was not immediately clear.
Posted: April 15, 2014
INTERNATIONAL. The German Federal Constitutional Court is the final interpreter of constitutional law. Accordingly, it has the last word on the legality of any treaties, agreements or actions undertaken by Germany at the European level.
Posted: April 15, 2014
INTERNATIONAL. IHS examines three economic growth scenarios dependent on P5+1 outcome; 1.5% rise forecast for FY 2014/2015 after prolonged contraction.
Posted: April 14, 2014
UAE. Arab countries are in the mode of two-speed economies again, with Q1 2014 ending on a bright note in the UAE and Saudi Arabia, and on a sour one in Egypt and Lebanon, according to the latest Macro report from Crédit Agricole Private Banking.
Posted: April 14, 2014
UAE. "We want to encourage government agencies to support SMEs to meet their purchasing, service and consulting needs," the UAE's economy minister, Sultan bin Saeed al-Mansouri, said.
Posted: April 14, 2014
EGYPT. Egypt plans to boost electricity prices for the richest 20% of its citizens; The country has "no time to waste" in starting reforms, the planning minister said.
Posted: April 14, 2014
INTERNATIONAL. The U.S. hasn't yet substantiated accusations made by both government and opposition forces that poisonous gas was used during an attack on a village north of Damascus.
Posted: April 14, 2014
INTERNATIONAL. Investments needed to keep climate change within safe limits would shave a fraction of a percent off annual global growth, the UN said in a study on warming.
Posted: April 14, 2014
INTERNATIONAL. Sale of several hundred battle tanks likely to be cancelled because of opposition from Social Democrat Economy Minister Sigmar Gabriel, a German newspaper reported.
Posted: April 13, 2014
INTERNATIONAL. The Interior Minister hit out at what he called a "display of aggression by Russia" as heavily armed separatist militants launched a series of attacks on police headquarters.
Posted: April 13, 2014
UAE. Eight MENA countries included in the Social Progress Index ranking 2014:UAE ranks 37th followed by Kuwait 40th, Saudi Arabia 65th, Jordan 75th, Lebanon 83rd, Egypt 84th, Iraq 118th and Yemen 125th; Social Progress Index enables better understanding of worldwide progress and growth.
Posted: April 12, 2014
UAE. "Dubai's attraction as an investment hotspot was never greater," says Hamed Mokhtar, Managing Director at Fortress Investments.
Posted: April 12, 2014
QATAR. Overall, the global growth picture remains mixed, with only the GCC (particularly Qatar) and Sub-Saharan Africa registering strong growth and a positive outlook.
Posted: April 12, 2014
INTERNATIONAL. U.S. cites the envoy's links to the 1979-1981 hostage crisis; The dispute may disrupt delicate negotiations over Iran's nuclear program.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
dhgate