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: March 13, 2013
INTERNATIONAL. A US$160 million loan will support reforms in Morocco's business environment to spur competitiveness and boost growth and job creation in an increasingly competitive global economy.
Posted: March 7, 2013
INTERNATIONAL. Region pursues economic and political stability in aftermath of historic uprising; Comprehensive political, social, and financial reform critical to economic success; Middle-class aspirations to boost inclusive growth.
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.
Posted: January 29, 2013
UAE. Jorf Lasfar is already the largest coal-fired power plant in the Middle East and North Africa and the first independent power producer in Morocco, supplying 40% of the Kingdom's electricity output.
Posted: January 28, 2013
SAUDI ARABIA. The loan will finance pre-payment for Glencore's purchase of oil products from Morocco-based petroleum refinery Societe Anonyme Marocaine de l'Industrie du Raffinage (SAMIR).
Posted: January 27, 2013
QATAR. Although there was a surge of 17% in such investments worldwide, they receded in most Arab countries except the UAE and Morocco.
Posted: January 17, 2013
UAE. The UAE's largest telecom operator has submitted a "preliminary expression of interest" for the stake, valued at around US$5.8 billion at the current market price.
Posted: January 10, 2013
MOROCCO. Morocco's drive to emulate Dubai is hurting lending at home as cash-strapped banks are hit by investments in holiday resorts that soured in the global financial crisis.
Posted: January 9, 2013
UAE. In countries around the world, the middle class typically serves as a force for positive socioeconomic change, yet that has not happened in the Middle East and North Africa.
Posted: January 8, 2013
UAE. 38% of UAE respondents claim to receive very little or no company support towards achieving a healthy balance, according to Bayt.com and YouGov survey.
Posted: December 14, 2012
MOROCCO. Widespread embrace of World Bank-designed University Governance Screening Card (UGSC), a tool for evaluating institutional performance.
Posted: December 12, 2012
LEBANON. Byblos Bank hosts the launch of IIF new report on the Middle East and North Africa; Lebanon: recovery hinges on political stability and reforms.
Posted: December 3, 2012
UAE. Industry is a regional leader in terms of current employee satisfaction, and respondent perceptions, according to Bayt.com and YouGov survey.
date:Posted: May 21, 2013
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.
date:Posted: May 20, 2013
SAUDI ARABIA. In mid-April, an unusual exhibition was held in London, highlighting the role Muslims played in saving Jewish lives during the Holocaust. At the exhibition, people saw love and harmony between people of different faiths.