Economy « 5/14 « | Kippreport.com

Competing for the Global Middle Class

It’s time for the region’s senior executives to join the race for global middle class market share. Loyalty of the ‘middle’ is essential for industry leadership, says Booz & Co.

January 18, 2012 3:36

IEA cuts 2012 oil demand growth forecast

Mild weather in the northern hemisphere this winter and a rising likelihood of a sharp economic slow-down are expected to lead to lower global oil demand growth in 2012, the International Energy Agency said.

January 18, 2012 1:49

Saudi seen opening stock market to foreigners

Saudi Arabia is expected to allow foreign investors to invest directly in its $340 billion stock market for the first time later this year, the Financial Times reported on Sunday.

January 16, 2012 12:31

IMF to visit Egypt this week for loan talks

Egyptian authorities and the International Monetary Fund will begin talks in Cairo this week on a possible 18-month IMF loan program worth about $3 billion, an IMF source said on Tuesday.

January 11, 2012 11:16

Palestinians to raise taxes, cut costs to curb deficit

PM Fayyad says action needed after foreign aid shortfall; Economic problems coincide with political uncertainty

January 10, 2012 11:00

UAE says in Oman refinery joint venture talks

OPEC member the United Arab Emirates (UAE) is in talks with Oman about jointly building a refinery with its non-OPEC oil producing neighbour, the UAE's economy ministry said on Tuesday.

January 10, 2012 10:52

Dubai’s fine discounting festival

Over the past six months, the UAE has been adamant to get you to pay your fines. Let's get real. It isn't exactly because the markets are back on track.

January 9, 2012 3:08

Qatar 2012 outlook positive but growth to slow, says IMF

IMF sees risk of lower oil, gas prices; Says Qatar should develop local bond market; 2011, 2012 inflation forecasts cut slightly

December 18, 2011 11:42

Egypt 2011 tourism revenues seen down by a third

Egypt expects to earn about $9 billion from tourism in 2011, down by about a third on a year earlier after many visitors were deterred by an uprising that toppled Hosni Mubarak in February and unrest that followed, a senior official said on Tuesday.

December 13, 2011 3:59

Sudan risks unrest in inflation crisis -opposition

Former PM says crisis worse than mid-80s; Sees risk of violence if mass protests break out; Risk of 'proxy war' between north and south

December 13, 2011 11:36

Egypt army only wants foreign loans extreme need

Egypt's army said it has not accepted a $3.2 billion financing facility from the International Monetary Fund because it did not want to build up debts while it was in power for a transitional period.

December 8, 2011 9:05

UAE economy minister calls for steps to prevent price hikes

The UAE's economy minister called on Tuesday for measures to prevent traders and commercial outlets from hiking prices, state news agency WAM reported, in the wake of an order to ramp up wages for some government employees.

December 7, 2011 12:49

Wins by Egypt’s Islamists raise twin risks

Investors were just coming to terms with the Muslim Brotherhood. But there are new forces in play as an Islamist-led government is set to replace Egypt's failed authoritarian secular government.

December 5, 2011 1:41

Egypt’s Christians seek to be heard in election

Coptic Christians are trying to make their voices heard in Muslim-majority Egypt's parliamentary election, fearing Islamists could sweep in and deepen their sense of marginalisation.

November 30, 2011 3:09

For Iran, the sanctions may be worth it

Iran continues to see nuclear programme as a matter of prestige and regime survival. That's why the government will stay defiant, despite economic pain, says Fredrik Dahl.

November 30, 2011 2:30