INTERNATIONAL. Ever since Tunisian street vendor Mohamed Bouazizi's death from self-immolation in January, the world's attention has been drawn to the spreading unrest in the Middle East.
Bouazizi's dramatic suicide and the ensuing turmoil served as a wake-up call to policymakers, who didn't foresee such an abrupt end to the status quo. In hindsight, it's clear that many Middle Eastern societies were resting atop massive fault lines. While the unrest in these countries stemmed partly from political repression, unsustainable economic issues, such as high youth unemployment, were also sim
INTERNATIONAL. "Sovereign creditworthiness will likely remain the main driver behind bank ratings changes. But we note that many other risk metrics for the banks have remained fairly resilient, from profitability to funding and asset quality."
QATAR. Global spending on energy subsidies totaled US$492 billion in 2011. Middle East and North Africa countries alone accounted for nearly half of that amount, making the burden of subsidies on public resources quite substantial.
TUNISIA. University governance is particularly relevant in the MENA region where youth unemployment rates are higher than in any other region in the world - 21% in the Middle East and 25% in North Africa.
INTERNATIONAL. The Outlook on the Global Agenda 2014 report, based on a survey of more than 1,500 global experts, aims to map the consequences of the world's challenges in 2014; The Arabic version of the report will be launched at the Tunisia Investment Forum on 13 June 2014.
TUNISIA. African Development Bank analysis confirms that the more developed coastal governorates host a wide variety of economic activities. Conversely the less developed inner and southern governorates present the least diversified industrial structure.
UAE. The Middle East and Africa (MEA) enterprise hardware market, comprising servers and external storage, remains in a passive state according to the latest figures released by International Data Corporation (IDC).
INTERNATIONAL. We have entered a new chapter in the history of central banking. This paradigm shift changes the policy tools that have traditionally defined the sphere of macroeconomic decision-making; We have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
OMAN. Orascom Development Holding unit had a loss of OMR19.8 million in the comparable period; Positive performance will allow for further investment in the development of Muriya’s two destinations of Jebel Sifah and Salalah Beach.