August 26, 2012
The 40 richest people on the planet lost a combined $3.7 billion this week as global stocks declined.
Jordan Industrial Estates Corporation (JIEC) and a Lebanese investor on Saturday signed an agreement to establish a factory specialised in plastic industries at Al Muwaqqar Industrial Estate at a cost of JD5 million.
August 23, 2012
Gold surged to a 16-week high of $1,667 and silver passed $30 an ounce as speculation mounted about a new stimulus package from the Federal Reserve and the prospect of similar actions by all the global central banks this autumn.
Abu Dhabi shares rose for a ninth day, the longest stretch of gains since March, after earnings at the emirate's companies beat estimates and oil traded near a three-month high.
Kuwait’s Wataniya rose to a two-month high yesterday after Qatar Telecom offered to buy remaining stake in the telco for $2.2 billion, while Gulf markets were mixed in muted trade post the holy month of Ramadan.
Lebanon’s fuel prices are set to skyrocket as oil prices continue to climb in international markets, the head of the Oil Importers Association said.
The Ministry of Planning and International Cooperation on Wednesday announced the official launch of a credit guarantee fund designed to improve small enterprises’ access to financing.
August 22, 2012
Finance Minister Mohammad Safadi will ask the Cabinet for $350 million to cover the salary increases of government employees this year.
Summer is traditionally the strongest season for all airlines, but given the turbulence in many of the traditional summer destinations, this result is a major achievement.
Bahrain is looking to become a gateway "to the wider GCC that is currently estimated to have a combined gross domestic product of $1 trillion".
Saudi Arabia remains the largest export and re-export market for Dubai in the first half of the current year, capturing 27 percent of the market totaling AED 36.3 billion.
Lebanon’s economy has suffered a severe blow due to the unrest sweeping the country, president of the Chamber of Commerce, Agriculture and Industry Mohammad Choucair said Tuesday.
August 21, 2012
Since Egypt's January 2011 uprising, the country has suffered from heavy falls in foreign direct investment (FDI), international foreign reserves (IFR) and tourism revenues.
Lebanon’s tourism sector took another blow this week as hotels reported mass cancellations following a spate of kidnappings and threats to target Arab Gulf nationals.
Due to a technical computer problem with the salaries being paid in the UAE, the computer system did not allow workers to get paid ahead of the Eid Al fitr.