Switzerland will block assets held by the toppled former presidents of Tunisia and Egypt for a further three years to give the two countries more time to investigate the origins of the money, the Swiss government said.
Sexual harassment, high rates of female genital cutting and a surge in violence and Islamist feeling after the Arab Spring uprisings have made Egypt the worst country in the Arab world to be a woman, a poll of gender experts showed on Tuesday.
Morocco will cut its 2013 investment spending by at least 10 billion dirhams ($1.2 billion) to keep the budget deficit close to 5.5 per cent of gross domestic product as promised to international lenders, according to an official document.
The chaotic fallout of the "Arab Spring" is fuelling a surge in the smuggling of drugs, weapons and people across the Mediterranean, and cash-strapped regional powers are struggling to respond.
Last month, European leade
Foreign money is flowing into the parts of the Middle East which need it least as the Gulf becomes a major destination for global portfolio investors and political instability deters investment elsewhere in the region.
GCC countries have a unique opportunity to shape the future of the Middle East in the wake of the Arab Spring, said a top official, adding that leaders must invest in their people to fight off new threats to their sovereignty.
Economic hardships brought about by Arab Spring uprisings have taken a toll on jewellry retail trade in Saudi Arabia's holy city of Makkah, slashing gold sales by more than half compared to the same period last year, retailers said.
The Arab Spring uprisings will end up costing Middle Eastern economies about $800 billion in lost output by the end of next year as countries struggle to restore stability, banking giant HSBC estimated on Wednesday.
In a research
Tunisia's tourism revenues grew by 2.7 percent in the first nine months of 2013 from a year earlier, but have yet to regain the levels reached before its Arab Spring uprising, data showed on Thursday.
Tourism is one of the Nor
Lebanon's politics are descending into sectarian conflict and its economy is starved of investment. But its sovereign bonds are steady, foreign reserves are holding up and there is no sign of serious pressure on its currency.