Egypt warms to GCC as US cuts USD260m military aid

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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

: freestylee / Foter / CC BY

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

: mikebaird / Foter / CC BY

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(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

: Canadian Pacific / Foter / CC BY-NC

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

: Beauty Eye / Foter / CC BY-NC-ND

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

: james_gordon_losangeles / Foter / CC BY-NC

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

: miskan / Foter / CC BY-NC

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(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(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