The lack of big brands in Iraq is allowing local entrepreneurs to tap into the growing consumer market. Arwa Damon reports.
How can traditional Persian carpet makers compete with cheaper hi-tech machinery made carpets?
Why are investors leaving the Middle East for Africa? Sultan Bin Saeed al-Mansouri, the UAE Economy Minister talks to MME.
With an estimated 122 trillion cubic feet of gas, the Levant basin could change the economic landscape of the region
MME takes a look at how a drastic cut in cooking gas subsidies is leading to heightened tensions on the streets of Cairo.
How has the 2009 downturn changed the UAE's property construction and real estate market? Leone Lakhani reports.
Marketplace Middle East takes a tour of the Emirate's luxury property market.
The legal battle being fought by former Egypt president Hosni Mubarak under charges including being complicit in the killing of protestors will sustain a climate of uncertainty for the country's president Mohamed Morsy.
IN FOCUS: MIDDLE EAST BREAKING RECORDS
The Middle East's tourism sector is expected to triple its growth rates over the next few years despite the Arab Spring.
DKNY designer Donna Karan is going beyond fashion, and now promotes female entrepreneurship and education worldwide.
Some of the biggest names in fashion are taking inspiration from the Middle East to create astounding new designs.
Egyptians are losing patience with a fuel shortage and long lines at gas stations. CNN's Reza Sayah reports.
MME asks Libya's Central Bank Governor if the country's oil reserves, the largest in Africa, are now ripe for investment.
Adding to Egypt's already severe economic crisis is a shortage of diesel fuel for the country's trucks and minibuses.
IN FOCUS: PRESSURE AT THE FUEL PUMPS
CNN's John Defterios explores how Iraq's historic city of Erbil is attracting big investment.
CNN's John Defterios looks at the state of Iraq's economy a decade after the U.S.-led invasion of the country.
CNN's John Defterios speaks with iCann CEO Fadi Chehade about how internet usage is booming in the Middle East.
With a diamond encrusted gear stick and golden stitching, the Lykan Hypersport comes with a price tag of $3.4 million.
At $3.4 million and a production run of only 7, Kim Kelaita takes a look at a super rare UAE-made sports car.
MME looks at how Abu Dhabi is attracting international health care brands to a growing private health system
New US secretary of state John Kerry describes his first trip to Europe and the Middle East as a "nine nation listening tour"
Major players in the private health care industry are setting up shop in the Middle East.
MME sits down with Egyptian opposition figure Amre Moussa to discuss the country's elections and struggling economy.
In the UAE women entrepreneurs are leading encourage small enterprises to spur job creation.
CNN's Arwa Damon speaks to children who spend their days scouring dumps looking for things to sell.
Najib Mikati on how Syria's civil war is affecting Lebanon, especially its economy.
IN FOCUS: IRAQ'S CHILDREN LIVING IN GARBAGE DUMPS
Qatar is continuing its global spending spree by investing in France -- which is raising concern among some.
Yves Leterme, Deputy Secretary-General of the OECD, on how Greece can attract foreign investment.
Jordan's Minister of Planning on whether the country will continue hosting Syrian refugees.
Mohammed Jamjoom looks at the financial pressure facing Jordan's economy as it struggles to deal with Syrian refugees.
Two years after the overthrow of Tunisia's president, the country's economy is still suffering.
Reem Al Hashimy, the UAE's Minister of State, on Dubai's economy and hopes to host the World Expo in 2020.
CNN's Leone Lakhani reports on how the Arab Stabilization Plan aims to rebuild the region after the Arab Spring.
CNN's John Defterios speaks with Egyptian Prime Minister Hesham Kandil about rebuilding the country's economy.
Could a version of the U.S. Marshall Plan stop rebuild post Arab Spring economies and stop the spread of extremism?
CNN's John Defterios speaks with Tony Hayward, the former CEO of BP and CEO of independent energy company Genel Energy.
As new technology allows the U.S. to exploit untouched oil reserves, the country is becoming less dependant on imports.
A NEW OIL REALITY
MME goes behind the scenes at one of Dubai's luxury resorts to get a taste of what it costs to put on a sparkling show.
Angus Blair, founder of Signet Institute, on how Egypt's political changes will impact the country's economy.
Robert Malley from International Crisis Group on how Egypt's new government can serve all members of society.
CNN's John Defterios looks at the new realities for 2013 and speaks with V. Shankar, CEO of Standard Chartered.
Ian Lee speaks with Egypt's minister of investment who says the country's economy is set to recover from the revolution.
CNN's John Defterios looks back at a year of rebuilding after revolution, sanctions and leadership transitions.
Luxury jewelry giant Tiffany and Co. is hoping the Middle East could boost the company's bottom line.
The Israeli Navy controls how far out fishing boats from Gaza can venture, but could an ease of restrictions help?
THE ROAD AHEAD
MME END OF YEAR SPECIAL
IN FOCUS: Gaza Fishing Woes
John Defterios speaks with Richard Solomons, CEO of Intercontinental Hotels Group, which is expanding in the Middle East.
How can the Middle East's tourism sector recover following the Arab Spring? CNN's Ayesha Durgahee reports.
CNN's John Defterios looks at how Syria's civil war has impacted the country's economy.
CNN's Fred Pleitgen looks at how Aleppo's old town, a UNESCO world heritage site, could be under threat.
Four decades ago it was merely barren desert land. Four years ago it was at the height of an unparalleled economic boom that turned to bust amid the global financial crisis. Today the emirate of Dubai is staging a lively comeback, once again announcing the kind of ambitious plans that made it famous in the first place.
The Egyptian revolution and the subsequent security vacuum have led to an encroachment on Port Said's properties.
CNN's Reza Sayah reports on concerns over the economic fallout of Egypt's social unrest.
MME takes a look at how economic hardship is turning into political dissent in Jordan.
hopes to save electricity by reducing the hours shops and restaurants can remain open.
IN FOCUS: JORDAN'S ENERGY WOES
A diplomatic spat between the EU and Gulf states is starting to impact business in the region. Leone Lakhani reports.
Pascal Lamy, Director-General of the World Trade Organization, on how post-Arab spring economies can boost growth.
FACETIME: Pascal Lamy, Director-General, World Trade Organization
FACETIME: Dubai Airshow Special
Viacom, the parent company of MTV and Paramount is targeting the Middle East to boost its 700 million subscribers
MME looks at how China is transitioning its leadership and what this could mean for trade relations in the Middle East.
Hisham ElKhazindar, Co-Founder and Managing Director of Citadel Capital, says Egypt's economy still has a long way to go.
Abu Dhabi plans to invest $500 billion into tourism, culture and industry by 2030. Schams Elwazer reports.
CNN's Mohammed Jamjoom looks at how a recent car bombing and sectarian clashes are affecting Lebanon's economy.
According to the IMF economic growth in Morocco will drop to nearly 3% this year due to a lack of rainfall.
IN FOCUS: Agricultural Adversity
Marketplace Middle East meets the filmmakers who are bringing their Arab Spring experiences to the big screen.
After revolutions and elections, Egypt is slowly re-building their economy, but is it growing fast enough?
FACETIME: Osama Saleh, Egyptian minister of investment
Despite sitting on a wealth of oil, Gulf States are looking at alternative energy options -- including nuclear ones.
Errol Barnett looks at South Africa's Halal industry, a major supplier of meat to Muslim populations in the Middle East.
FACETIME: Luc Ourcel, CEO, Areva
Marketplace Middle East looks at how the Middle East and South America is forging a mutually beneficial relationship.
Jeff Immelt , CEO of the U.S. industrial group GE, shares his thoughts on the global economy and the Middle East.
Middle Eastern countries find business opportunities in South America, and vice versa. CNN's Rafael Romo reports.
High U.S. taxes and political indecision are hindering the country's economic recovery, the head of General Electric has told CNN.
GE CEO Jeff Immelt says Washington's inability to make decisions on tax and budgetary issues is holding back investors.
MME looks at how the European debt crisis and the conflict in Syria will affect Turkey's economic forecasts.
MME looks at how Abu Dhabi has initiated a fully digital education model.
FACETIME: Mehmet Simsek, Turkish finance minister
Tourism in Morocco has been affected by the eurozone and the "Arab Spring" but is tourism bouncing back?
MME looks at how Morocco is emerging from the "Arab Spring" and the challenges of the European debt crisis.
Zaid al Siksek, the man behind Abu Dhabi's health authority, explains why the UAE is investing so heavily in healthcare.
Advanced expertise at affordable prices make Jordan a world leader in medical tourism and also helps its economy.
IN FOCUS: MEDICAL TOURISM
Lebanon's economy is feeling the heat from the violence in Syria, which is affecting both tourism and trade.
IN FOCUS: Palestinian credit crunch
CNN's Reza Sayah looks at how the Non-Aligned Movement gives developing nations a voice on global issues.
IN FOCUS: Iran's economy
CNN's Diana Magnay reports on what's holding back growth in Gaza.
Egypt has received financial support from several Gulf states, but can the loans provide a lifeline for its economy?
Lebanon's tourism industry is being hit hard by the crisis in Syria. CNN's Arwa Damon reports.
IN FOCUS: Gaza's struggling economy
The soft drinks factory in Gaza City is working at half-capacity. For the past seven years production has been intermittent, sometimes stopping altogether -- a hostage to the Israeli-Palestinian conflict, power cuts and the vagaries of being reliant on smuggling tunnels.
Iyad Malas, CEO of retail and leisure giant Majid Al Futtaim, talks about how Dubai has fared after the financial crisis.
CNN's Kim Kelaita reports on Just Falafel, the first UAE company to announce it's going worldwide.
FACETIME: Iyad Malas, CEO of Majid Al Futtaim
CNN's John Defterios discusses Egypt's struggling economy and the effects of the Arab Spring on tourism.
The new President of Egypt is taking the concept of getting work done in the first 100 days in office very seriously.
Egypt is struggling to get back on its feet since the revolution last year. But Ramadan has provided some relief.
CNN's Elise Labott talks to Erel Margalit who views Jerusalem as a gateway to Israel's business future.
This week Marketplace Middle East focuses on the relationship between Israel and the "new" Egypt.
From ancient passage ways to modern trade routes, Marketplace Middle East travels along the new Silk Road.
Iraq's strategic position along the ancient Silk Road once fashioned Baghdad into a bustling center of trade.
THE MIDDLE EAST AND THE NEW SILK ROAD
In the Middle East, Muslims are observing the holy month of Ramadan. MME looks at how Ramadan is affecting businesses.
Although businesses generally slow down during Ramadan, it's a peak period for advertising.
IN FOCUS: Ramadan Ratings
According to Leonardo Maugeri, by 2020 we will witness a world where there is too much oil on the market.
Unlike its Gulf neighbors, Jordan imports 90% of its energy needs.
IN FOCUS: From importer to exporter
The Strait of Hormuz is a vital trade route, not only for the Middle East but for the entire global economy.
South Korea's Minister of Knowledge Economy, Sukwoo Hong talks to CNN about his country's interests in Libya
FACETIME: Sukwoo Hong, South Korean minister of knowledge economy
In an office overlooking the busy Bhosphorous, MME catches up with Turkish businessman Emre Berkin.
MME visits the Pirelli factory in the Northwest Turkey where the tire manufacturer is churning out its Formula One tires.
IN FOCUS: Burning rubber on the Bosphorus
CNN's Ivan Watson looks at the rising tensions between Turkey and Syria and the knock off effect this has on trade.
MME looks at the importance of water in the Middle East and the measures taken to preserve this precious commodity.
In Focus: Turkey Syria Tensions
The Eurozone crisis affects economies around the world, including the Middle East. CNN's Leone Lakhani reports.
FACETIME: Russian Railways president Vladimir Yakunin
IN FOCUS: Oil Price at OPEC This week Marketplace Middle East is in Vienna, where energy ministers gathered for the 161st OPEC Meeting. Several issues are being discussed, but MME takes a look at one of the most deliberated -- the price of oil.
IN FOCUS: Syria On The Brink
IN FOCUS: Beirut's Building Boom Beirut's Zaitunay Bay is one of the latest development projects in the Lebanese capital. The waterfront promenade is dotted with high-end shops and restaurants. So far the project has been a success but in Beirut, domestic and regional instability always looms. MME spoke to one of the developers about the fine line between business opportunity and high-risk investment. FACETIME: Frits Van Paasschen, CEO, President & Starwood, Starwood Hotels & Resorts Worldwide While North Africa's tourism industry faces many hurdles due to the Arab Spring, so far it's proving to be a bumper year for the U.A.E. According to the World Travel and Tourism Council, the UAE will make $20 billion from holiday makers this year. Starwood Hotels and Resorts is just one company that is seeing the huge potential in the Middle East with plans to build 40 new hotels in the region by 2017. MME sat down with CEO Frits Van Paaschen and asked him about this rapid expansion. Marketplace Middle East airs weekly at the following times (all GMT):
IN FOCUS: Egypt's Economic Concerns Egypt's revolution struck a hammer blow to the nation's economy. More than a year later, the outlook is starting to look more positive with holidaymakers returning to the country. But some in the tourism industry remain worried. They fear the growing influence of Islamists in the government may lead to strict rules like the ban of alcohol. MME takes a closer look at Egypt's wine-making industry. FACETIME: Adel Ali, Air Arabia CEO The UAE is home of the region's first low-cost airline -- Air Arabia. Operations began in 2003 and now other low-cost carriers have come onto the market. Air Arabia now has a fleet of 30 planes despite high fuel costs. MME sat down with the CEO, Adel Ali. Marketplace Middle East airs weekly at the following times (all GMT):
IN FOCUS: Social media in the Middle East Facebook is launching its long-awaited Initial Public Offering this week. With nearly a billion users the social networking site is hoping investors will dig deep to buy a stake in the company that has become a global phenomenon. Recently, the role of social media has increased sharply in the Middle East and, as MME found out, is becoming a crucial part of doing business. FACETIME: Fadi Ghandour, CEO & founder, Aramex Aramex is a global logistics company with its roots in the Middle East. With a revenue of more than $700 million and a presence in more than 60 countries, the company is competing with the likes of Fedex, DHL and UPS. MME sat down with the CEO and Founder Fadi Ghandour to talk about the new areas of growth, his retirement and how social media has affected his business. Marketplace Middle East airs weekly at the following times (all GMT):
FACETIME: Mounir Fakhry Abdel Nour, Egyptian Minister of Tourism
FACETIME: Moncef Marzouki, Tunisian president
IN FOCUS: Abu Dhabi's aerospace ambitions
IN FOCUS: Egypt's Shaky Economy All applications are in for Egypt's presidential elections next month. The candidates are vying to lead Egypt on a new path following last year's revolution and they have the economy high on their agenda. But as MME found out, they will have a long way to go before the economy is back up and running.
FACETIME: Ahmed El Borai, former Egyptian Minister of Labor Providing employment for the rising number of young people in the region is a huge challenge for governments -- and was the key focus at the 39th Arab Labor Conference in Cairo.
FACETIME: Hoshyar Zebari, Iraqi Foreign Minister After years of violence and sectarian tension, Iraq is trying to reshape its image as it hosts its first Arab Summit since 1990. MME sat down with Iraqi Foreign Minister, Hoshyar Zebari who is hoping the event will not only improve the country's standing as a major political player but could boost the economy as well.
FACETIME: Saddek Omar Elkaber, Libyan Central Bank Governor
FACETIME -- HE Sheikha Lubna Al Qasimi. Minister of Foreign Trade, UAE South Korea's National Oil Corporation recently signed a multi-billion dollar deal with the UAE to explore three undeveloped oil fields. Trade between the UAE and South Korea is booming. This week MME caught up with the UAE's Minister of Foreign Trade, Her Excellency Sheikha Lubna Al-Qasimi and asked her about these flourishing trade ties.
FACETIME: Ghassan Hasbani, CEO International Operations, Saudi Telecom
FACETIME: Samer Khoury, President, Engineering & Construction, CCC
FACETIME: Issa Tuwegiar , Libyan Minister of Planning Year 2011 was a tumultuous year for the Middle East region. Libya is on a whole new path after deposing its leader Moammar Gaddafi last year. The country is still suffering from the months of violence that brought its economy almost to a standstill. MME met with the Libyan Planning Minister, Issa Tuwegiar and asked him about the road ahead.
FACETIME: Amre Moussa, Egyptian presidential candidate
FACETIME: EXCLUSIVE Prince Alwaleed Bin Talal, Chairman, Kingdom Holding Company
FACETIME: EXCLUSIVE Ali Al-Naimi, Saudi Arabia Oil Minister
FACETIME: Barham Salih, prime minister, Kurdistan Regional Government
FACETIME: Nicolas Nahas, Lebanon Minister of Economy and Trade