SAUDI ARABIA. The six Gulf monarchies Tuesday responded to Arab uprisings by agreeing to expand their regional grouping to include pro-Western Jordan and Morocco and urged a quick political deal in Yemen.
The Gulf Cooperation Council (GCC) welcomed bids by the two Arab kingdoms to join the six-nation grouping of Gulf monarchies, its secretary general Abdullatif al-Zayani said.
"Leaders of the GCC welcomed the request of the Hashemite Kingdom of Jordan to join the council and instructed the foreign ministers to enter into negotiations to complete the procedures," Zayani told reporters.
Posted: April 18, 2015
INTERNATIONAL. The latest World Bank Economic Monitor for the Middle East and North Africa expects GDP regional growth to remain flat at 3.1% to 3.3% for the rest of 2015 and for 2016.
Posted: April 17, 2015
INTERNATIONAL. Despite progress in raising school enrolment over the past decade, one in four children and young adolescents are either out of school or at risk of dropping out.
Posted: April 16, 2015
UAE. The UAE is a typical example of how the growth of talents and skills is key to improving competitiveness; Algeria, Libya and Yemen rank in the bottom quartile globally, while most of the GCC countries rank among the top quartile globally.
Posted: April 10, 2015
JORDAN. According to data compiled by webteb.com, the intake of calories throughout the region has steadily risen in recent years, boosted by increased sugar, milk, and meat consumption.
Posted: April 7, 2015
UAE. Forbes Middle East reveals top 100 richest Arabs on earth; 49 Arab billionaires, sharing total wealth of $155.1 bn; Top 100 hail from 12 Arab countries with Saudi Arabia in the lead.
Posted: April 1, 2015
UAE. The Abraaj Growth Markets Grant, launched in January 2015 in partnership with the Global Shapers Community, aims to support projects which will resolve a critical challenge in growth markets.
Posted: March 19, 2015
UAE. The company obtained an exclusive licence to carry out a detailed geological survey of the Mediterranee Ouest area, which comprises 3,433 sq km.
Posted: March 17, 2015
UAE. Regardless of age and industry, the urge to learn is considerable in the Middle East and North Africa, according to a recent survey conducted by Bayt.com.
Posted: March 10, 2015
Morocco. The desalination plant will have the capacity to supply more than 500,000 people and will ensure the socio-economic development of the region.
Posted: January 21, 2015
UAE. Strong growth momentum in GCC countries continues, economic recovery in oil importers is on track; Oil exporters diversified their economies, but still heavily dependent on hydrocarbon sector in terms of budget and export revenues; Oil importers face higher risks of geopolitical tensions.
Posted: January 20, 2015
UAE. 61% feel they deserve to work in a higher level position, and 50% state that a key reason for seeking employment is to be financially independent.
Posted: December 16, 2014
UAE. 49% believe women and men are treated equally in the workplace, according to "Status of Working Women in the Middle East" survey by Bayt.com and YouGov.
Posted: December 4, 2014
BAHRAIN. Thomson Reuters announces 2015 findings of Annual Sukuk Perceptions and Forecast Report at WIBC 2014; Survey of 44 lead arrangers and 106 investors reveal most expect a boost in sukuk issuance in 2015, to be between US$150 billion and US$174.9 billion.
Posted: November 5, 2014
MOROCCO. The largest gathering of entrepreneurs in the world will be hosted by the Kingdom of Morocco; First time Summit will be held in Africa.
Posted: October 9, 2014
MOROCCO. To sustainably advance human development and political stability, Arab Spring countries should decentralize to sub-national levels the resources necessary to catalyze and implement community development.
date:Posted: February 8, 2016
UAE. KPMG's inaugural "Variables for Sustained Growth" (VSG) Index tracks some of the most important factors that support economic performance in 181 countries; UAE ranks 24 based on metrics including infrastructure development, education and strength of public institutions.
date:Posted: February 8, 2016
UAE. On a city wide basis, capital appreciation since 2009 has been a mere 16%, whereas the total returns including rent during the same period have been close to 70%.