August 12, 2012
The fiscal surplus of the sultanate widened further to a record RO1.6bn in the first half of this year, as against a surplus of RO386mn in the corresponding period of 2011, latest data released by National Center for Statistics and Information (NCSI) showed.
August 9, 2012
Abu Dhabi’s new airport deal is nearing a AED 4 billion ($1.1 billion), predominantly Shari’ah-compliant deal with a number of Abu Dhabi-based banks
Oman's budget surplus surged to a record high of RO1.683 billion in the first half of 2012, on the back of surging oil and gas revenues.
On October 22nd, 2012 Dubai will be host to the World Energy Forum. The event will also mark the first time the event has ever been held outside of the United Nations headquarters, which is located in New York City, U.S.
Ministry of Labour (MoL) is planning to submit the national plan for labour market reform 2012-2013 to the Cabinet soon, said a senior minister yesterday.
The three service providers agreed Wednesday to drop a clause stipulating a three-month probation period in contracts being offered to EDL’s part-time workers.
Global gold prices ended the United States day session slightly lower on Tuesday. The overall market place was quiet amid a lack of market moving fundamental news.
August 8, 2012
Representatives of part-time workers at Electricite du Liban and the private service providers failed to reach a settlement Tuesday over employment contract terms.
Lebanon started facilitating the export of agricultural produce via maritime routes Tuesday, with a first shipment containing 200 refrigerated containers of potatoes setting out for the Gulf.
Saudio Arabia's Finance Minister, Ibrahim Alassaf, says the country has no reason to change its 2012 economic growth forecast of 5.9 percent
South Sudan has called on the international community to assist the one-year old nation fill a huge financial gap created by the recent agreement with Khartoum as details on oil deal emerge.
August 7, 2012
Dubai's bourse fell yesterday, giving back gains from the previous day's rally, as investors booked profits on property stocks and weak earnings from Dubai Investments' dampened sentiment.
Business activity in the United Arab Emirates’ non-oil private sector edged up slightly in July from the previous month, but the growth of export orders fell sharply, a purchasing managers’ survey showed
A row over employment contracts being offered to EDL part-timers by three service providers Monday could jeopardize a political settlement that ended a 95-day strike last week.
Oil hovered near $92 a barrel Tuesday in Asia as analysts estimated that supplies of U.S. crude and gasoline likely fell last week.