Country Profile and Economic News in Middle East

Middle East

The Institute of International Finance,

An influential group of leading world banks warned Thursday that central banks are pumping out too much easy money and markets risk becoming dangerously addicted to ultra-low interest rates. The Institute of International Finance, which groups 450 banks, said that if central banks continue to flood money into the world economy, again any next bid to get it under control could itself destabilize the economy.
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The Syrian Ministry of Economy and Foreign Trade

The Syrian government is doing its utmost to meet its people's need of oil derivatives, mainly diesel fuel which is a staple for most Syrians in heating, and is presently cooperating with foreign companies to fill the shortage. According to a statement published by the local al-Eqtissadi Website, the Syrian Ministry of Economy and Foreign Trade has asked the Office of Oil Marketing to provide it with quantities and specifications of crude oil to be exported and a timetable for the handover process.
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Ms. Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF)

Ms. Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Amman at the end of her visit to Jordan: “It has been a pleasure to visit Jordan for the second time as Deputy Managing Director of the IMF. The IMF is supporting Jordan’s national economic program under a 36-month Stand-By Arrangement in the amount of SDR 1.364 billion (about US$2 billion, 800 % of quota), approved by the Executive Board on August 3, 2012 (see Press Release No. 12/288).
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The 2013 edition of LPS BEIJING – The Luxury Properties Showcase

关键事实: The Middle East is a region that roughly encompasses Western Asia. The term is considered to be Eurocentric and used as a synonym for Near East, in opposition to Far East. The corresponding adjective is Middle-Eastern and the derived noun is Middle-Easterner. The largest ethnic group in the middle east are Arabs,with Turks, Turkomans, Persians, Kurds, Azeris, Copts, Jews, Maronites, Assyro-Chaldeans, Circassians, Armenians, Druze and numerous other ethnic groups forming other significant populations.
The history of the Middle East dates back to ancient times, and throughout its history, the Middle East has been a major center of world affairs. When discussing ancient history, however, the term Near East is more commonly used.

interview

Qatar Airways CEO Akbar Al Baker
2013/01/14
Qatar Airways Group CEO Akbar Al Baker Interviewed By Robeel Haq

Formerly this year, a staggering 18.8 million passengers from 100 different nationalities voted for their favourite airline, the results of which were announced at the prestigious Skytrax World Airline Awards. Speculation had been mounting for several months about the potential winner, with Singapore Airlines, Cathay Pacific and Asiana Airlines hot favourites to reclaim the title, having collected the award in 2008, 2009 and 2010, respectively.

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Angel Gurria – secretary-general of the OECD
2013/01/14
From his office in the western district of Paris, Angel Gurria – secretary-general of the OECD – sees a new relationship emerging between the 34-member club of high-gain democracies and the developing world.

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Isam Bayazidi is the CEO of ikoo,
2013/01/14
Isam Bayazidi is the CEO of ikoo, an integrated digital marketing solution provider with the major reach in the Middle East and North Africa, combining additional than 120 websites of leading publishers in the fields of sports, women, news, business, automotive, and additional.

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Gordon Brown, UN Special Envoy for Global Education
2013/01/14
“Everyone agrees that money alone is not the answer, but without increasing the financial resources going into education we will find it very difficult to achieve our aims”

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Pankaj Chaddah – Co-founder Zomato.com
2013/01/14
Zomato was founded in July 2008 by IIT Delhi alumni and has expanded its services over a span of 4 years to 16 cities across India and the UAE. The website has become Asia’s largest restaurant and nightlife guide with listings of over 48,000 restaurants.

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Albert Aoun
2012/12/23
IFP Group Chairman Albert Aoun’s career in exhibitions started in Riyadh with the establishment of Riyadh Exhibitions Company (REC) followed by the establishment of International Fairs & Promotions (IFP) in Beirut in 1994, together with his brothers Edward and Bechara. By 1995, IFP Lebanon had a full program of exhibitions serving the rebuilding efforts of Lebanon with the first edition of Project Lebanon.

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