April 9, 2015
The number of job seekers in the sultanate has registered a 2.6 per cent average annual growth over the 2003-2010 period, totaling 146,385 people and forming 11.75 per cent of the nation’s workforce.
Dubai’s status as a world-class holiday, business and leisure destination shows no sign of diminishing, and actually looks to be on the increase in the run-up to Expo 2020.
April 8, 2015
The UAE can achieve energy system savings of $1.9 billion (Dh6.98 billion) annually by 2030 by producing a 10 per cent share of renewable energy in its total energy supply and almost 25 per cent in the power sector.
The consummation of a full, multidecade agreement between Iran and the P5+1 (the five permanent members of the United Nations Security Council plus Germany), based on last week’s agreed parameters of a Joint Comprehensive Plan of Action on Iran’s nuclear program, is likely to have monumental consequences – mostly for the better – across the Middle East.
Heavily dependent on oil and gas revenues, GCC countries must increase economic diversification and strengthen the non-oil sectors to sustain growth and maintain fiscal surplus in the distant future.
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran, just days after Tehran and world powers reached a framework nuclear deal, and with the OPEC nation’s oil minister due to arrive Thursday.
April 7, 2015
The nuclear agreement between Iran and world powers could lead to a burst in the country’s oil exports and open the way for international energy groups to return to the country after a five-year absence.
April 6, 2015
Investor bearishness and hostilities in Yemen weigh heavily on Egyptian stock market as stocks fall sharply for the second consecutive session.
UAE Space Agency visits NASA to meet key industry players in a bid to launch a mission to Mars by 2021.
National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value.
The head of the tobacco traders association in Cairo has submitted a proposal to legalize the hashish trade as a means of decreasing the national budget deficit.
April 5, 2015
The study takes into account irrigation, wetland management, basin rehabilitation, power generation and will address the cross-border implications of the projects.
New companies law in the UAE eases flotation rules and raises the level of regulation to international standards.
The closure of the Nassib border crossing between Jordan and Syria following violent clashes cuts off a vital network for trade between Lebanon, Syria, Jordan and Gulf countries.
April 3, 2015
Iran is said to be having more than 20 million barrels of oil stored offshore in super tankers ready to be shipped in a month or two if sanctions are removed.