Economics and Policy
The International Monetary Fund has further cut its growth prediction for Lebanon to 2 percent.
The UAE economy will continue to grow at four per cent in 2013, Bank of America Merrill Lynch (BoAML) has said.
Qatar is the most attractive country in the world in terms of investment potential, according to the boss of the Gulf state’s national airline.
Bahrain's real estate market has bottomed out but continuing political unrest is still holding back an upturn, CB Richard Ellis has said in a new report.
A US$10 billion American weapons sale in the region is a signal to Iran that an Israeli military strike on its nuclear sites remains a possibility, the US defence secretary Chuck Hagel said yesterday.
The National Social Security Fund could provide health care for registered Palestinian workers in Lebanon, the International Labor Organization said over the weekend.
Companies and Business
The Middle East has the least competitive airline industry of any region in the world, with 50 percent of routes served by only one or two carriers, according to a global analysis.
Rick Pudner, chief executive of Emirates NBD, Dubai’s largest bank, is resigning, the bank said on Sunday without giving a reason.
Saudi Telecom Co (STC), the Gulf’s No.2 telecom operator, missed forecasts with a 38.5 per cent year-on-year plunge in first-quarter net profit on Sunday attributed to charges relating to an Indian affiliate.
Qatar Petroleum (QP) has signed an agreement with a consortium led by France’s Total to build the $1.5 billion Laffan 2 refinery project, a statement from the Qatari firm said on Sunday.
Egypt's largest steel producer, Ezz Steel, said it expects its profit to increase in 2014 thanks to a new sponge iron factory that should shave $50 to $100 off the cost of each tonne of iron it produces.