INTERNATIONAL. Concerned about possible Israeli encroachment upon recently discovered offshore natural gas fields, Lebanon's Parliament has passed draft legislation demarcating its maritime borders with Israel. The 18-article law was drafted in the Parliament’s Public Works, Transport, Energy and Water Committee, headed by MP Mohammad Qabbani, The Daily Star reported. At issue are two massive offshore natural gas fields, Tamar and Leviathan, off Israel's northern city of Haifa, where initial prospecting estimates have concluded that the pair of sites between them could hold as much
LEBANON. Despite the ongoing Syrian civil war, bank deposits have continued to grow over the past year, which has financed the sovereign's borrowing needs.
LEBANON. Consumer confidence affected by domestic political volatility, repeated security breaches, wave of kidnappings, the resumption of political assassinations, increasing concerns about spillovers from the escalating Syrian crisis, and the dispute over the public-sector salary adjustment.
UAE. Oil-rich Gulf Arab countries, led by Qatar and Saudi Arabia, are widening the wealth gap with the region's energy importers as political turmoil from Egypt to Lebanon stifles economic growth.
LEBANON. Moderate MP Tamam Salam was named on Saturday as Lebanon's new prime minister, pledging in his first address to the nation to safeguard the country from the war raging in neighbouring Syria.
LEBANON. The resignation came after a two-day ministerial meeting remained deadlocked by a dispute with the Shi'ite group Hezbollah which has dominated Lebanese politics in recent years.
LEBANON. Pre-Qualification Decree ushers the official opening of the Pre-Qualification Round for oil and gas companies wishing to participate in Lebanon's first offshore icensing round.
LEBANON. Syrian warplanes struck targets on the outskirts of the Lebanese town of Ersal days after telling the Lebanese government it was exercising "the utmost degree of self-restraint."
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.
SYRIA. "Syria expects the Lebanese side to prevent these groups from using the borders as a crossing point, because they are violating Syrian sovereignty."
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.
UAE. IMF Regional Economic Outlook Update looks at the implications of the economic roads ahead for the Middle East, North Africa. Afghanistan, and Pakistan (MENAP) region against the backdrop of complex political, social, and economic transitions.
UAE. "Growth may be anemic, but it's not at stall speed, nor likely to be. Bonds are the assets which are trading expensively, and stocks - even after their rally - look much cheaper.
UAE. Low number of IPOs in GCC due to stricter regulatory measures, lack of liquidity and regional unrest in some MENA countries, according to experts from Deloitte Middle East.
UAE. IMF Regional Economic Outlook Update looks at the implications of the economic roads ahead for the Middle East, North Africa. Afghanistan, and Pakistan (MENAP) region against the backdrop of complex political, social, and economic transitions.
SAUDI ARABIA. The eight Saudis, a Lebanese and a Turk bring the number of people arrested to 28, the official SPA news agency quoted the spokesman as saying.
INTERNATIONAL. JPMorgan Chase shareholders Tuesday voted down a shareholder proposal to split the chairman and chief executive roles, handing bank chief Jamie Dimon a big victory.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
UAE. IMF Regional Economic Outlook Update looks at the implications of the economic roads ahead for the Middle East, North Africa. Afghanistan, and Pakistan (MENAP) region against the backdrop of complex political, social, and economic transitions.
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