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MENA needs to wean off Gulf support MENA needs to wean off Gulf support(0)

Arab countries in transition will need external financing of USD 50 billion-60 billion annually and cannot continue to rely solely on contributions from rich Gulf states, according to new estimates by the International Monetary Fund.

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MENA oil and gas pay scale not competitive enough MENA oil and gas pay scale not competitive enough(0)

Oil and gas workers in some Middle Eastern countries have some of the lowest wages compared with energy sector salaries around the world. CONTINUE READING

N. Africa shows tentative signs of recovery N. Africa shows tentative signs of recovery(0)

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. CONTINUE READING

Morocco’s economy to expand 5% in 2015: IIF Morocco’s economy to expand 5% in 2015: IIF(0)

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. CONTINUE READING

Tunisia banks still vulnerable Tunisia banks still vulnerable(0)

Tunisia was Ground Zero of the Arab Spring in late 2010 after a street vendor immolated himself in protest against injustice and inequality. His act of despair sparked a region-wide protest that swept aside the regimes of Tunisia, Egypt and Libya. CONTINUE READING

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EGX optimistic, eyes 8,500 points in 2014 EGX optimistic, eyes 8,500 points in 2014(0)

The main Egyptian stock market index could hit 8,500 before the end of the year as economic and political conditions stabilise, according to Pharos Holdings. CONTINUE READING

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Merger to breathe life into Egypt’s oil sector Merger to breathe life into Egypt’s oil sector(0)

Two North American oil and gas players have merged their operations in a bid to invest heavily in Egypt and other African states. CONTINUE READING

Egypt gets USD4.9bn shot in the arm, but still wary Egypt gets USD4.9bn shot in the arm, but still wary(0)

Egypt’s fresh stimulus of USD 4.9 billion would provide a short-term push to the economy, but the country’s medium-term challenges remain. CONTINUE READING

Time for more think tanks to set up shop in MENA Time for more think tanks to set up shop in MENA(0)

The Middle East and North Africa has the fewest number of think tanks in the world, highlighting the lack of research and cross-pollination of ideas that would help fuel innovation in the region. CONTINUE READING

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Tunisia sparks fresh hope for North Africa Tunisia sparks fresh hope for North Africa(0)

A streak of sunlight just cut through the gloom in North Africa. CONTINUE READING

Mideast energy giants invest in North American shale Mideast energy giants invest in North American shale(0)

The UAE and Saudi Arabia are set to join their Gulf peer Qatar in participating in the shale oil and gas revolution unfolding in North America. CONTINUE READING

Religious tourism is lifeline for Jordan Religious tourism is lifeline for Jordan(0)

Jordan is looking to attract religious tourism to its holy sites in the hope of unlocking new revenue streams and jobs for the economy that’s come under pressure due to regional troubles. CONTINUE READING

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Saudi, Egypt, Iraq economies to lead MENA Saudi, Egypt, Iraq economies to lead MENA(0)

Saudi Arabia, Egypt and Iraq will be among the world’s 30 largest economies by 2028, according to forecasts by a London-based economic consultancy. CONTINUE READING

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Weak emerging markets, oil glut dim Mideast prospects Weak emerging markets, oil glut dim Mideast prospects(0)

Emerging market slowdown and a crude oil glut may be some of the major risks facing the global economy, according to major Wall Street banks. CONTINUE READING

Natural gas to be fastest growing energy source Natural gas to be fastest growing energy source(0)

Fears of the Middle East losing its position as a major natural gas exporter in the next few decades are unfounded, at least according to Exxon Mobil, the world’s largest oil and gas company that’s not affiliated with a government. CONTINUE READING

ME oil investment splurge ME oil investment splurge(0)

For all the hype surrounding U.S. shale plays, it is Middle East which will register the highest growth in exploration and production capital spending next year, according to a new report. CONTINUE READING

Can MENA bonds weather the US taper storm? Can MENA bonds weather the US taper storm?(0)

The impact of the United States Federal Reserve’s decision to unwind its monetary stimulus program will ripple across the world, and MENA debt markets will be no exception. CONTINUE READING

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Islamic banking: Waiting to tap Arab world’s unbanked Islamic banking: Waiting to tap Arab world’s unbanked(0)

A mere 2% of more than 5,000 Muslims surveyed in a poll use Islamic banking services. CONTINUE READING

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Financial inclusion to open up SME capital access Financial inclusion to open up SME capital access(0)

Middle East and North Africa region has some of the most dismal financial inclusion rates in the world, according to new data from the World Bank. CONTINUE READING

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Mideast energy consumption seen insatiable Mideast energy consumption seen insatiable(0)

Middle East’s own domestic energy demand, rather than North American shale surge, will transform the region’s oil and gas sector, says the International Energy Agency. CONTINUE READING

World Bank names MENA’s best places to do business World Bank names MENA’s best places to do business(0)

United Arab Emirates and Saudi Arabia emerged as the best countries in the Middle East and North Africa region to do business in. CONTINUE READING

 

New Jordanian cabinet to address fiscal issues New Jordanian cabinet to address fiscal issues(0)

Jordan’s economy is hoping for fresh impetus after a new Cabinet was sworn in on August 21 by the reform-minded government led by prime minister Abdullah Ensour. CONTINUE READING

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Rough economic ride ahead for tension-hit Arab states Rough economic ride ahead for tension-hit Arab states(0)

Middle East countries in the midst of a political transition face three key shocks that could worsen economic sentiment. CONTINUE READING

druidabruxux / Foter / CC BY-NC-SA
Egypt warms to GCC as US cuts USD260m military aid Egypt warms to GCC as US cuts USD260m military aid(0)

At a time when Egypt needs friends that persevere in its hour of crisis, the United States has chosen to spurn the country and continues to pursue an inconsistent foreign policy. CONTINUE READING

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MENA economy to take a hit from US debt default MENA economy to take a hit from US debt default(0)

Qatar and Morocco will be the fastest growing Middle East economies this year, but emerging market economies are facing the dual challenge of slow growth and tightening global liquidity, according to the International Monetary Fund’s latest report. CONTINUE READING

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MENA human capital development lags behind in WEF index MENA human capital development lags behind in WEF index(0)

The Middle East and North Africa region is behind other regions in education and creating an enriching work environment, according to a new report. CONTINUE READING

SpaceShoe [Learning to live with the crisis] / Foter / CC BY
Emerging nations make progress on sustainability goals Emerging nations make progress on sustainability goals(0)

Three African states and one Middle East country emerged as some of the best performing countries in a survey on sustainable development conducted by Standard Chartered Bank. CONTINUE READING

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Fraser names ‘most free’ economies in Mideast Fraser names ‘most free’ economies in Mideast(0)

Five Middle East countries have been ranked among the world’s most free economies, according to Fraser Institute’s annual Economic Freedom of the World Survey. CONTINUE READING

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Prolonged tension leaves Syria USD100bn poorer Prolonged tension leaves Syria USD100bn poorer(0)

The Syrian economy has lost USD 100 billion in the past two years alone – roughly two years’ worth of GDP – as a bloody civil war ravages the country. CONTINUE READING

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Middle East and Africa fight FDI slow-down Middle East and Africa fight FDI slow-down(0)

The number of foreign direct investment (FDI) projects into the Middle East and Africa (MEA) declined by 11.78% in 2012 to 1,370 projects, according to industry barometer, fDI Intelligence. CONTINUE READING

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MENA set to lose pole position on gas grid MENA set to lose pole position on gas grid(0)

The Middle East and North Africa (MENA) region is set to lose its dominant position as the world’s largest supplier of liquefied natural gas (LNG), according to the International Gas Union (IGU). CONTINUE READING

Animaux / Foter / CC BY-NC
Political revolt leaves Egyptian economy struggling Political revolt leaves Egyptian economy struggling(0)

Government expenditure has risen 45%, taxes 28% and subsidies 79% since the Egyptian revolution, according to a new report. CONTINUE READING

Jonathan Rashad / Foter / CC BY-NC-SA
MENA lending conditions highest since Q2 2011 MENA lending conditions highest since Q2 2011(0)

While lending conditions in other emerging markets such as China, India and South Africa have stumbled over the past few quarters, the Middle East’s oil-exporting countries appeared to see clear skies ahead. CONTINUE READING

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Egypt risks debt default as political impasse continues Egypt risks debt default as political impasse continues(0)

Egypt is the fifth most likely country set to default according to latest data from S&P Capital IQ. CONTINUE READING

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Rouhani inherits Iran’s enduring problems Rouhani inherits Iran’s enduring problems(0)

Hassan Rouhani, Iran’s newly elected president, will have to contend with a laundry list of economic problems as he takes an oath in parliament on August 3. CONTINUE READING

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Egypt politics keep investors on the sidelines Egypt politics keep investors on the sidelines(0)

The Egyptian market soared more than 7% as news of the Muslim Brotherhood government’s ouster was announced and investors hoped it would lead to greater market-focused economic decision-making. CONTINUE READING

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No light yet at the end of Egypt’s political tunnel No light yet at the end of Egypt’s political tunnel(0)

In an ironic twist, the Egyptian army has saved democracy-seeking citizens from the Muslim Brotherhood. And while there is much rejoicing among the liberal, secular and even Salafists, the army may have set a dangerous precedent. CONTINUE READING

freestylee / Foter / CC BY-NC-SA
MENA needs macro reforms to ward off unemployment MENA needs macro reforms to ward off unemployment(0)

The Middle East will need to implement its own employment miracle to overcome double-digit unemployment rates. CONTINUE READING

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Hefty budget lets Middle East keep firepower Hefty budget lets Middle East keep firepower(0)

Middle East militaries are among the most powerful in the world, according to the latest ranking by Global Fire Power. CONTINUE READING

Messaging apps kill off Gulf telecom firms’ income Messaging apps kill off Gulf telecom firms’ income(0)

Data and smart phones were supposed to be the great saviors of the regional telecom industry. CONTINUE READING

caribb / Foter / CC BY-NC-ND
A league of their own: MENA’s education focus A league of their own: MENA’s education focus(0)

Education projects worth more than USD 33 billion are underway across the Middle East and North Africa (MENA) region, according to Zawya Projects Monitor. CONTINUE READING

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Global economic power shift puts focus on Mideast Global economic power shift puts focus on Mideast(0)

Middle East capital stocks will more than double from USD 3.8 trillion in 2010 to USD 8.8 trillion over the next 20 years, according to the latest study by World Bank. CONTINUE READING

Ahmad Nawawi / Foter / CC BY-NC-ND
MENA turmoil puts pressure on Jordan MENA turmoil puts pressure on Jordan(0)

Jordan has teetered on the edge of economic and political disaster, but it has managed to avoid the worst of the Arab Spring revolution that has ravaged its neighbors. CONTINUE READING

© Salim Photography/ www.salimphoto.com / Foter / CC BY
MENA rises to room challenge with 483 hotels MENA rises to room challenge with 483 hotels(0)

Around 483 hotels comprising nearly 119,000 rooms are in the development stage in the Middle East North Africa, according to STR Global. CONTINUE READING

Turkey sidles up to MENA investors, ditches EU Turkey sidles up to MENA investors, ditches EU(0)

With growth stalling in the Eurozone, Turkey is increasingly looking at the Middle East for growth. CONTINUE READING

Christopher Chan / Foter / CC BY-NC-ND
MENA racks up USD237bn energy subsidy tab MENA racks up USD237bn energy subsidy tab(0)

Energy subsidies are a bad idea, says the International Monetary Fund. CONTINUE READING

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IMF loan may be sole lifeline for Egypt IMF loan may be sole lifeline for Egypt(0)

The Egyptian economy appears to be free falling as crisis after crisis seems to chip away at business confidence. CONTINUE READING

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Qandil Who? Qandil Who?(0)

As Egyptians Google the name of their unknown Prime Minister to find out more about him, the economic ills of the country are well-known to all. CONTINUE READING

Egypt’s fiscal trap Egypt’s fiscal trap(0)

EFG expects the economy to post a 3% growth this year, after contracting nearly 1% in 2011. But it has largely been a jobless recovery as unemployment stands at a decade high of little over 12%. READ MORE HERE

Egypt’s 4% Growth Still Possible: Deutsche Bank Egypt’s 4% Growth Still Possible: Deutsche Bank(0)

The Egyptian economy could grow by 4% in the current fiscal year despite a plethora of challenges facing the country. READ MORE HERE

Middle East’s USD15-Billion SME Opportunity Middle East’s USD15-Billion SME Opportunity(0)

Around 11 million SMEs remain unserved or underserved in the Middle East, presenting a massive USD15-billion opportunity for the banking industry. READ MORE HERE

Egypt Government Resignation Offer Credit Negative: Moody’s Egypt Government Resignation Offer Credit Negative: Moody’s(0)

Ratings agency Moody says that political instability in Egypt (Ba3 negative), epitomized in the recent, tendered resignation of its interim government on 11 October, is credit negative amid the country”s deteriorating economic conditions, rising pressure on government finances and an increasingly urgent need for the government to shore up external assistance for the balance of payments.
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Arab Spring-Related Economic Losses For Affected Countries: $56-Billion Arab Spring-Related Economic Losses For Affected Countries: $56-Billion(0)

The Arab Spring not only cost at least three dictators their jobs but also $56-billlion in lost GDP for the worst affected countries, according to a statistical study by a consulting firm. READ MORE HERE

Predicting Black Swans Predicting Black Swans(0)

Could the Arab Spring have been predicted? More significant, could we have predicted that Saudi Arabia will remain stable throughout the turmoil? Or even where Bin Laden was hiding? New data mining techniques suggest we can. READ MORE HERE

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