Middle East states fared poorly in a new edition of a survey that measures their business friendliness. The World Bank’s annual Doing Business 2013 report saw most countries in the region fall in global rankings. CONTINUE READING
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Dubai Aluminium ‘s ( DUBAL ) formal merger with its Abu Dhabi counterpart Emirates Aluminium (EMAL) is a reflection of the UAE’s rise as a low-cost smelter destination at a time when high-cost players are slashing their output.
GDP is nothing but a number. After a two-year delay, Nigeria has finally rebased its gross domestic product and emerged as Africa’s largest economy ahead of South Africa, which had long held the title.
North Africa may be on the cusp of a recovery barring a return to major political upheavals. And a pickup in economic activity in the European Union – North Africa’s biggest trading partner – could further lift sentiment in the region.
Morocco is expected to emerge as the fastest growing economy in North Africa, with its GDP rising 3.8% in 2014 and nearly 5% in 2015, as the new consensus government ends a period of uncertainty and paves the way for bolder economic reforms, according to Institute of International Finance.
Saudis spent USD 4.3 billion on online transactions last year, according to a report by the Arab Advisors Group.
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AlifArabia’s aim is to offer a brutally frank but sincere analysis on the Middle East region’s business and political issues.
It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.