accountGCC states are promoting a nationalisation of their workforce to fight unemployment and rising fears of social unrest
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MIDDLE EAST BUSINESS
The Middle East, especially the oil-rich Gulf, is the world's hottest economic region, shrugging off the economic gloom plaguing much of the rest of the world. Hundreds of billions of dollars in wealth are piling up there each year in countries like Saudi Arabia, the United Arab Emirates, Iran, and Iraq. Money and the Internet are changing the region fast and helping to build huge fortunes and world class companies. But explosive tensions remain over Israel, Iran, Iraq, and the Palestinians.
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Gulfsands Petroleum, the oil and gas production, exploration and development company with activities in Syria, Iraq,...
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The kingdom reduced supply by 400,000 barrels a day, or about 4 percent, last month, Oil Minister Ali al-Naimi said Oct.
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"The fact that he could speak in some detail about the topic of mobile technology was amazing to me.
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Growing private schools enrolment, expected to double over the next decade to over 2.5 million, will spur investments...
The Bank of Israel cut its benchmark interest rate by 25 basis points to 3.00% from 3.25%. The Bank said: "The...
Saudi Arabian Oil Minister Ali Al- Naimi said there’s no excess supply in world oil markets and that the kingdom has...
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The only parameter over which participating companies will compete in the auction is the $/bl of oil equivalent (boe)...
Iraq hopes to export fuel - with the EU a possible buyer.
Iran says boosting its oil output is one of the nation's top priorities.
World's largest oil producer wants low-carbon sources to meet domestic demand so more crude is available for export,...
Fear that the days of global economic recovery and rising oil prices may fast be fading has sent shivers through Gulf...
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The biggest risk facing the UAE economy is a potential reversal in population flows as the job market comes under...
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