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Economy

Economic History and Trade Routes of Arabia

By: Noureldin Mohamed/Arab America Contributing Writer The Arabian Peninsula has seen a vast transition from Ancient trade routes to modern business centers—let us look at the ancient trade routes of the Arab world. The vast expanse of Arabia is mostly taken up by the Arabian Desert, one of the largest and driest in the world. … Continued

How Can it Get Worse for Lebanon? Revolution, the Pandemic, Refugees, and the Economy

By: Noureldin Mohamed/Arab America Contributing Writer Another one of our Arab gems located on the Eastern Mediterranean shore, Lebanon, is in chaos. Famous for its ethnic diversity, beauty, and rich history, Lebanon is having another rough year in 2020. Corruption, austerity, unemployment, recession, and sectarianism brought Lebanon’s stability to its knees. It all started when … Continued

Pearling & Bahrain’s Pre-Oil Economy

For millennia, pearling and its associated trades shaped Bahrain’s culture, society, and economy. By: Wael Sultan/Arab America Contributing Writer Bahrain, a small archipelago in the Arabian Gulf, used to be the world’s premier natural pearl hotspot. Historically, Bahrain was the seat of the ancient Dilmun civilization (late fourth millennium to 800 BC). When describing Bahrain’s … Continued

Kirkuk: The Iraqi City of Black Gold

By: Lindsey Penn/Arab America Contributing Writer The Middle Eastern countries are very well-known for their oil deposits. In particular, the Gulf is known around the world for its oil production, which the countries built their wealth upon. However, Kirkuk, Iraq has a different experience with oil production. Kirkuk is unique, as its history has led … Continued

Dubai During COVID-19: Its Success May Be Its Downfall

By: Noah Robertson/Arab America Contributing Writer The United Arab Emirates (UAE) is a group of seven emirates established in 1971 with each emirate having its own laws, governing body, internal affairs, and control over its economy. The group of emirates is governed by a Supreme Council and Federal National Council with members from each emirate. … Continued

How the Coronavirus Has Impacted Arab American Restaurants

By: Noah Robertson/Arab America Contributing Writer As the world has dealt with the novel coronavirus (COVID-19), one business especially affected by lockdowns and social distancing has been restaurants. Even in the U.S., with less complete shutdowns, restaurants could only offer delivery or takeout for weeks.  Even now, most are not allowed to be back at … Continued

Lebanon President: Negative Rumours about the Economy Harm Country

SOURCE: REUTERS BEIRUT (Reuters) – Lebanon’s currency is not in danger and rumours about the economy are causing harm, President Michel Aoun said on Wednesday, amid concern that a political deadlock has blocked urgent reforms and left the heavily indebted country vulnerable. Lebanon has been without a government for four months since a national election. … Continued

Morocco Hosts High-Level Meeting on Arab Economic Growth

SOURCE: XINHUANET RABAT, Jan. 29 (Xinhua) — A high-level conference on Arab economic growth opened in the Moroccan city of Marrakech Monday with the aim to discuss inclusive growth from endorsement to implementation. Co-hosted by the International Monetary Fund (IMF), the Arab Monetary Fund, Arab Fund for Social and Economic Development and the government of … Continued

Arab Start-ups Key to Building Localised Digital Economy

Governments, corporates, entrepreneurs urged to work together to build ‘friendly’ ecosystem for growth at World Economic Forum. SOURCE: THE NATIONAL BY: SARAH TOWNSEND Start-ups and small businesses play a key role in helping the Arab world shift towards becoming a digitally-based economy, yet they face significant barriers to their growth, the World Economic Forum (WEF) … Continued

American Delivery Service Supports Local Palestinian Businesses

BY:  Kristina Perry/Contributing Writer Growing from the recent boom in subscription goods services, PalBox is a fair trade and 501(c)(3) organization that sends organic and cultural Palestinian goods in a quarterly box. Half of all proceeds from purchases of PalBox benefit the International Solidarity Movement, a nonviolent means of resisting Israeli occupation and oppression. Inside the … Continued

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