Improved economic outlook triggers higher oil prices
Ahead of reports forecast indicating an improving U.S. economy outlook, oil trades near the highest close in four months. Futures went through a slight change...
Basra Oil & Gas International Conference & Exhibition Preview
Basra International Fair Ground
With proven reserves of around 143 billion barrels, Iraq has the third largest reserves in the world situated across 79 oil...
US Government unveiled open-ended steps to aid economy
On Thursday, the US Federal Reserve unveiled a series of bold and flexible steps designed to stimulate the economy. The action is expected to...
Poverty and widening inequality reach record highs
According to a recent survey of poverty, the ranks of those classified as poor remained at record highs in 2011. What is more, the...
Nearly 19,000 children die daily from preventable causes
The annual number of deaths of children under the age of five dropped to less than 7 million in 2011. However, according to a...
World’s Top Universities in 2012/2013
The best university in the world is no longer the Cambridge University in the UK. Nevertheless,
Cambridge is still home of the best university. This...
Eurozone moves closer to banking union
On Wednesday, the Eurozone moved a step closer to a banking union. It revealed a plan for the European Central Bank to regulate banks,...
IMF backs bond-buying plan to help European debt crisis
The International Monetary Fund strongly backed the European Central Bank's plan to easy the European debt crisis with unlimited bond purchases, IMF Managing Director Christine...
Youth unemployment increased worldwide
According to the U.N.'s labor office, youth unemployment is likely to grow globally to 12.9 percent by 2017. This is caused by the fact...
Euro rose against the dollar, yen on Friday
ECB President Mario Draghi sticks to his promise to do everything in his powers to preserve the euro. He revealed a new and potentially...
Another relief for the European crisis
With the ending of the vacation season Europe is going through an economic tailspin. Unemployment in Greece is 24.4 percent while capital flight from...
Emirates contributes US$596 million to the Indian economy
Expansion of an efficient civil aviation sector is important for India as it becomes increasingly linked to global commerce and tourism. The National Council...
Middle East carriers don’t follow global trends
Middle East carriers enjoyed traffic growth at 11.2 per cent year-over-year, even though this was lower than the 12.4 per cent increase in capacity....
Moody’s cuts growth forecasts for emerging economies
Moody's Investors Service on Thursday downwardly revised growth forecasts for Group of 20 emerging economies, citing a troubled external environment and weaker domestic demand....
Apple vs Samsung: $1.05 billion in damages
A sweeping victory for Apple after a US jury rules Samsung must pay $1billion in damages for copying Apple's design. Julie Noce reports.
Fundraising campaign in support of UNICEF’s education project
More than 40 Starwood hotels across the Middle East are joining forces to support Starwood Hotels & Resorts’ 5th annual associate fundraising campaign ‘Road...
Middle Eastern influence on world’s biggest football clubs increases
Revenues of top 20 football clubs grew by 3% to exceed $6bn
European clubs benefitting from Middle East sponsorship
Investment from the Middle East has coincided...
Annual Statistical Report on the Gulf Common Market
In line with its continuous efforts to strengthen and deepen financial and economic cooperation between the countries of the Cooperation Council for the Arab...