Gulf oil exporters may see unemployment among their citizens rise in coming years unless they change a decades-old habit of relying on cheap foreign labour, the International Monetary Fund said on Wednesday.
Since the 1970s, milli
Today, there is a palpable sense of urgency in the Middle East to improve employment levels and job options for the region’s young, growing populations. In effect, half of the Middle East’s population is under the age of 25, and a qu
Economic ministers in Egypt's new military-backed government are pledging to ease shortages and make it easier for factories to operate, while signalling that any major reforms to repair the state's crumbling finances will be undertaken
Bahrain will launch a five-year information strategy designed to promote unity and reform, while also emphasising the importance of security and stability, said a top government official.
"The strategy will begin this year an
Iranian voters weary of years of economic isolation and tightening political restrictions threw down a blunt demand for change on Saturday by handing a moderate cleric a landslide victory in a presidential electi
HSBC called on regulators to speed up industry reform as its shareholders urged Europe's biggest bank to take a lead in cutting pay and criticised it for compliance failings and aiding tax avoidance.
HSBC chairman Douglas Flin
Some of the world's most powerful finance chiefs will meet in an English stately home on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds.
Dubai’s bid to attract investment for its dedicated free zones as part of the emirate’s diversification efforts is mapped out in a newly-published investment guide produced by the global publishing, research and consultancy firm Oxfo
To his critics, Ahmed Shafik is a typical autocrat consigned to history's dustbin by the Arab Spring - a military man turned politician who ended his career amid corruption allegations and fled to the Gulf.
To his friends - an