Sunday 25 September 2022 \


Middle East

Oil below $105 as Middle East risk premium fades

Source : Reuters / 8 May 2013 

Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on Syria faded.

The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption following Israeli air strikes on Syria close to Damascus.


Arab advertising market set to top $5bn as digital booms

By Ben Flanagan / 3 May 2013

The value of the advertising business in the Arab world is forecast to top $5 billion this year, propelled by strong growth in the online market, according to Deloitte.


Arab countries divided over media credibility

By Agencies / 29 Apr 2013

People in some Arab countries appear to be divided when it comes to trusting the credibility of their national news agencies, according to the results of a recently conducted survey of media habits in the region.


Royal turtle: World’s second oldest animal dies in Cairo at age 280

Source : Al Arabiya / 26 Apr 2013

A turtle considered to be the second oldest animal in the world died this week in Egypt’s Giza Zoo at the age of 280, a local newspaper reported Thursday.

King Farouk, who became the ruler of Egypt in 1936, dedicated the ancient turtle to the zoo, reported the privately owned daily Youm 7.


Iran economy on road to recovery as domestic production grows

Source : Reuters / 24 Apr 2013

Iran's economy has become more robust as domestic production has grown to offset a 14 percent fall in imports in 2012, sparked by a drop in its currency value, after the central bank was hit by economic sanctions, Iran's finance minister said on Tuesday.


Top 10 richest Arabs in UK share $17.5bn fortune

Source : Al Arabiya / 22 Apr 2013 

The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking by the Sunday Times.

The Saudi Arabian business mogul Mohammed Bin Issa al-Jaber, who made his fortune in the hotels, restaurants and food industries, was ranked 15th as a new entrant on the newspaper’s annual Rich List.


Unemployment in Mena young people is world's highest

By Saifur Rahman / 15 Apr 2013

Unemployment rate among young people in the Middle East and North Africa (Mena) region is the highest in the world, said a latest World Bank report which warned of a ‘high levels of vulnerability’ if governments do not take urgent steps to create jobs and ensure inclusive growth.


HIV ‘cured’ in baby for first time, could impact Mideast

By Al Arabiya with AFP / 5 Mar 2013

Researchers say they have, for the first time, cured a baby born with HIV - a development that could help improve the treatment of babies infected at birth.

The findings were presented Sunday at the 20th annual Conference on Retroviruses and Opportunistic Infections (CROI) in Atlanta, the U.S.

The health of the mother largely determines the fate of her child, in fact an overwhelming majority- over 90 percent- of HIV infections in infants are passed on by mothers during pregnancy, labor, delivery or breastfeeding.


45 oil and gas transactions in MENA reached $ 402 billion in 2012

Source : Arab news / 14 Feb 2013

With an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most active sectors for mergers and acquisitions. According to Ernst & Young’s Global Oil and Gas Transactions Review, oil and gas transactions totaled a staggering $ 402 billion in 2012, representing a 19 percent increase compared to 2011 ($ 337 billion). Ninety-two transactions exceeded $ 1 billion in value compared to just 71 in 2011. This was despite a marginal decrease in oil and gas transaction volumes from 1,664 deals in 2011 to 1,616 in 2012.


The Middle East needs $100 bn for Infrastructure projects

By Ikram Al-Yacoub / 28 Jan 2013

Economic Expert Nasser al-Saidi told “Al-Arabiya net” that the transitional period of “Arab Spring” economies requires neighboring countries to take initiatives and establish an Arab Bank for both reconstruction and economic development.He stressed that the role of the bank will not only be limited to providing financial support, but will include an organizational framework that provides financial and legal expertise aimed at ensuring growth in the Middle East.


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