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MEED Middle East Economic Digest
Founded in 1957, MEED Middle East Economic Digest is a weekly magazine published by MEED Communications in Dubai, United Arab Emirates. Its subject is Middle Eastern business and economic news. Its readership is made up of international business professionals.
Articles from Vol. 40, No. 21, May 24
Bigger Boats Open New Port Options
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The world's largest container ship sets sail from Northern Europe this week on its maiden voyage to the Far East. The giant boat will power its way south via the Suez canal and the Red Sea before heading east across the Indian Ocean -- moving faster,...
Final Status Talks Begin
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Israel and the PLO began final status talks at the Egyptian Red Sea resort of Taba on 5 May. The negotiations, which are scheduled to take three years, are designed to end with the signing of a final peace settlement between the two sides. However,...
Foreign Aid Substitutes for Self-Reliance
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Oil exploration is showing signs of coming back to life after a period of inactivity and there are big plans for the gas sector. Refining is also a priority although the lack of progress has been disappointing. In the power and telecoms sector there...
Getting Down to the Business of Peace
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The Israeli industrialist looked over the lines of spinning and weaving machines and listened to the two young Arabs explaining the finer points of the computerised control system they had set up themselves. In the back office, over tea and baraziq...
Running Foul of Official Inactivity
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The Damascus business community is in a state of feverish expectation. Not for anything as dramatic as a Middle East peace deal: they are eagerly awaiting something more mundane. The government is gearing itself up for its first significant financial...
Thomson BankWatch Rates Regional Banks
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US credit ratings agency Thomson Bank Watch (TBW) has made its first foray into the Gulf, issuing glowing reports on two Saudi and two Qatari banks. TBW, whose US rivals are also expanding their coverage of the region, gave investment-grade ratings...
World Bank Forecasts Regional Growth but Warns on Oil Prices
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The World Bank is forecasting that economic growth in the Middle East could average just under 3 per cent a year between now and 2005, nearly 1 per cent higher than in the last decade. But the bank warns that this forecast could be torpedoed if oil...
