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Arab News: Economy

  • newCrisis at India's Jet worsens as it grounds planes, faces strike

    Crisis at India's Jet worsens as it grounds planes, faces strike

    Author: ReutersID: 1552994090984857900Tue, 2019-03-19 11:11MUMBAI: India's Jet Airways was fighting multiple crises Wednesday after grounding six planes, leaving it with only a third of its fleet flying, while pilots have threatened to walk out a…
    - 41 mins ago, 20 Mar 19, 4:41am -
  • newOil prices pressured by economic slowdown, but OPEC cuts support

    Oil prices pressured by economic slowdown, but OPEC cuts support

    Author: ReutersID: 1553061040381847100Wed, 2019-03-20 08:57SINGAPORE: Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer clu…
    - 3 hours ago, 20 Mar 19, 1:58am -
  • newDisney closes $71 billion deal with Fox for X-Men, Deadpool and The Simpsons

    Disney closes $71 billion deal with Fox for X-Men, Deadpool and The Simpsons

    Author: APID: 1553058312471760400Wed, 2019-03-20 04:59Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” “The Simpsons,” “Star Wars” and “Dr. Strange” under one corporate roof.…
    - 4 hours ago, 20 Mar 19, 1:25am -
  • newInstagram moves into e-commerce with shopping button

    Instagram moves into e-commerce with shopping button

    Author: AFPID: 1553051220671485600Wed, 2019-03-20 03:04SAN FRANCISCO: Facebook-owned Instagram on Tuesday made a move into potentially lucrative e-commerce by adding an option to buy products shown off in posts by selected brands.A new “check…
    - 6 hours ago, 19 Mar 19, 11:15pm -
  • newGlobal exchange funds eye Saudi Arabian equities

    Global exchange funds eye Saudi Arabian equities

    Author: daniel fountainID: 1553032140337787300Wed, 2019-03-20 01:00LONDON: Global exchange-traded funds are building cash piles to place in Saudi Arabian equities, according to a ranking compiled by Bloomberg.It comes as the country joins the F…
    - 11 hours ago, 19 Mar 19, 5:54pm -
  • newEgypt’s aviation ministry to increase departure fee for travelers in November: Reports 

    Egypt’s aviation ministry to increase departure fee for travelers in November: Reports 

    Tue, 2019-03-19 20:38CAIRO: Egypt’s Ministry of Civil Aviation has reportedly announced a $5 increase in the travelers’ departure fee starting from next November, local newspapers reported on Tuesday.Media said the increase to the passenge…
    - 16 hours ago, 19 Mar 19, 1:45pm -
  • newGerman firm wins mega order to build olive oil mill in Saudi Arabia

    German firm wins mega order to build olive oil mill in Saudi Arabia

    Author: daniel fountainID: 1553013982056601200Tue, 2019-03-19 20:01LONDON: A German company has won an order to build a massive olive oil mill in Saudi Arabia that will be the largest in Asia.GEA won the order from The National Agricultural Dev…
    - 17 hours ago, 19 Mar 19, 12:50pm -
  • newBritish Airways launches first direct flight from Dammam to London

    British Airways launches first direct flight from Dammam to London

    Author: daniel fountainID: 1553009217446152100Tue, 2019-03-19 18:42LONDON: British Airways has launched the first ever direct flight from Dammam to London Heathrow.The carrier has already started selling tickets priced from SR2,480 ($660) for t…
    - 18 hours ago, 19 Mar 19, 11:28am -
  • newUK jobs growth surges as labor market defies Brexit nerves

    UK jobs growth surges as labor market defies Brexit nerves

    Author: ReutersID: 1552988090964549100Tue, 2019-03-19 09:32LONDON: British employers ramped up their hiring at the fastest pace in more than three years in the three months to January as the country’s labor market defied the broader weakness in…
    - 24 hours ago, 19 Mar 19, 5:44am -
  • newVenezuela suspends oil exports to India: Azeri energy ministry

    Venezuela suspends oil exports to India: Azeri energy ministry

    Author: ReutersID: 1552987357214512400Tue, 2019-03-19 09:15BAKU: Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela’s oil mini…
    - 24 hours ago, 19 Mar 19, 5:40am -

fDiIntelligence: Middle East & Africa

  • Qatar’s SEZ programme helps country shrug off effects of blockade
    Despite the ongoing trade blockade and in anticipation of hosting the Fifa World Cup in 2022, Qatar has announced plans for two new special economic zones. Alex Irwin-Hunt reports.  
    - 34 days ago, 14 Feb 19, 7:00am -
  • Nigeria on an election knife edge
    Nigeria will elect its next president in mid-February, with the race between incumbent Muhammadu Buhari and challenger Atiku Abubakar set to be a tight one. Issues such as privatisation and corruption are forming big parts of the debate, as Adrienn…
    - 34 days ago, 14 Feb 19, 7:00am -
  • Israel economy minister seeks innovation dividend
    Eli Cohen, Israel's economy minister, tells Jacopo Dettoni how the country's reputation for innovation gives it an advantage across multiple sectors, from aerotech and medtech to cybersecurity and agriculture. 
    - 34 days ago, 14 Feb 19, 7:00am -
  • View from the Middle East & Africa: Brexit’s African consequences
    A no-deal Brexit will be bad news for the UK’s trading partners in Africa, writes Mazdak Rafaty.
    - 34 days ago, 14 Feb 19, 7:00am -
  • Is Lebanon back in the investment game?
    Lebanon is a step closer to political stability, economic recovery and a tranche of foreign investment opportunities following the long-awaited formation of its government and the release of McKinsey's national economic vision. Sebastian Shehadi re…
    - 34 days ago, 14 Feb 19, 7:00am -
  • EBRD pledges an active 2019
    The EBRD invested €2bn in the southern and eastern Mediterranean region in 2018, and has set ambitious goals for 2019. Sebastian Shehadi reports.
    - 36 days ago, 12 Feb 19, 8:15am -
  • Investment shortfall in Lebanon
    Following a nine months political stalemate, Lebanon’s cabinet was finally formed in late January, thereby restoring some much-need political stability and unlocking $11bn in foreign development loans for infrastructure investment. Sebastian Sheha…
    - 36 days ago, 12 Feb 19, 8:12am -
  • AfDB: east Africa set to boom
    East Africa will be the fastest growing region on the continent, according to an African Development Bank report. Alex Irwin-Hunt reports.
    - 40 days ago, 8 Feb 19, 7:25am -
  • Israel and Egypt make gasfield landmark
    Egypt and Israel are deepening ties in order to exploit their valuable natural gas reserves.
    - 56 days ago, 23 Jan 19, 6:35am -
  • Israeli-Arab FDI reawakens
    Israeli agri-tech giant Netafim is the the first Israeli company on record to undertake a greenfield foreign investment into the Arab world, according to fDi Markets. 
    - 90 days ago, 20 Dec 18, 10:26am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • Press freedom in Ethiopia has blossomed. Will it last?
    ESKINDER NEGA founded his first newspaper, Ethiopis, in 1993. After seven issues it was forced to close, the first paper charged under a muzzling law introduced by the Ethiopian People’s Revolutionary Democratic Front (EPRDF), which had shot its wa…
    - 6 days ago, 14 Mar 19, 11:43am -
  • Syria’s broken schools will make it difficult to fix the country
    AFTER EIGHT years of civil war, Syria’s education system is a wreck. Nearly 3m school-age children, a third of the total, do not attend classes. That is, in part, because 40% of schools are unusable. Some have been damaged in the fighting; others a…
    - 6 days ago, 14 Mar 19, 11:43am -
  • Tanzania’s leader, the “Bulldozer”, runs off course
    SEDITION AND statistics are two words that crop up with increasing regularity in the utterances of officials loyal to Tanzania’s president, John Magufuli. Last month a usually compliant daily newspaper, the Citizen, had the cheek to mention that th…
    - 6 days ago, 14 Mar 19, 11:43am -
  • Kenya’s big-tent government has averted violence, but may stunt growth
    LITTLE OVER a year ago, Kenya seemed to be teetering. Swathes of the country refused to recognise Uhuru Kenyatta (pictured, left) as their president. Nearly 100 people had died in political violence after he was declared winner of a brace of election…
    - 6 days ago, 14 Mar 19, 11:43am -
  • Algeria’s 82-year-old president, Abdelaziz Bouteflika, bows out
    THE MAN who does not speak finally listened. On March 11th Algeria’s president, Abdelaziz Bouteflika, announced that he would not run for a fifth term. That has been the demand of tens of thousands of protesters over the past three weeks. Mr Boutef…
    - 8 days ago, 12 Mar 19, 5:55am -
  • The growing appetite for armed drones in the Middle East
    FOR YEARS Al-Anad air base was the springboard for America’s drone war in Yemen. Remote-controlled Predator aircraft wielding Hellfire missiles would take off from the base in Lahej province, in the south-west, to clobber hundreds of suspected jiha…
    - 13 days ago, 7 Mar 19, 10:49am -
  • Nairobi’s planners are knocking the city down to save it
    MUNICIPAL AUTHORITIES in Nairobi spent much of last year knocking things down. Shopping malls, petrol stations and apartment blocks were levelled; bulldozers cut through slums, leaving tens of thousands homeless. All this destruction may seem rather…
    - 13 days ago, 7 Mar 19, 10:49am -
  • The Egyptian government’s favourite scapegoat
    PASSENGERS WAITING on the platform had only seconds to run before they were engulfed in flames. On February 27th a train hurtled into Cairo’s main station, crashed into a barrier and exploded. Twenty-two people died. The cause was a negligent condu…
    - 13 days ago, 7 Mar 19, 10:49am -
  • Nigeria’s state elections are more violent than national ones
    THE BESPECTACLED young woman from Kano, northern Nigeria’s largest city, laughs shyly before she speaks. But scars above her eyebrow and on her forearm hint at a dark past. As a member of a Yandaba gang—politically linked hoodlums who terrorise t…
    - 13 days ago, 7 Mar 19, 10:49am -
  • Algeria’s ailing 82-year old president wants a fifth term
    ABDELAZIZ BOUTEFLIKA started his campaign for a fifth term as Algeria’s president by promising not to finish it. The ailing ruler, who turned 82 this month, is not even in the country. An associate filed the papers for his candidacy while Mr Boutef…
    - 14 days ago, 6 Mar 19, 11:41am -

WSJ: Middle East

  • Hard-Core ISIS Members Carry Ideology From Crushed Caliphate
    A hardened core committed to Islamic State’s mission raises questions about the totality of the group’s defeat even as it loses almost all its territory and its less committed members fall away.
    - 1 day ago, 19 Mar 19, 4:10am -
  • Iraq to Open Vital Border Crossing With Syria
    Iraq plans to open a vital border crossing with Syria in the coming days, allowing for the increased flow of goods to Syria from Iran along a route the U.S. worries would ease Tehran’s transport of weapons to its allies.
    - 1 day ago, 18 Mar 19, 6:03pm -
  • Netanyahu's Top Challenger Is Struggling After Early Surge in Polls
    Benny Gantz, a first-time politician who has emerged as the biggest threat to Israeli Prime Minister Benjamin Netanyahu’s re-election, has begun to stumble under the glare of national attention and is struggling to maintain his campaign’s momentu…
    - 2 days ago, 18 Mar 19, 4:31pm -
  • Israel Says Two Rockets Fired From Gaza Toward Tel Aviv, Raising Tensions
    Israel’s military said two rockets were launched from the Hamas-controlled Gaza Strip toward Tel Aviv for the first time since the 2014 war, setting off sirens in the city and raising tensions.
    - 5 days ago, 14 Mar 19, 10:00pm -
  • Syrian, Russian Airstrikes Target Rebels in Last Stronghold
    Syrian and Russian airstrikes on the last rebel stronghold in Syria have intensified in recent days, raising fears of a military offensive that the U.N. has long warned would cause a humanitarian disaster.
    - 6 days ago, 14 Mar 19, 4:49pm -
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