October 19, 2011
By introducing more renewable forms of energy such as solar and wind power, and improving the quality of building construction, Germany has become more energy efficient and is known for its state-of-the-art clean energy industry.
Most regional markets ended lower Tuesday after comments from Germany’s finance minister dashed hopes of a quick fix to the eurozone debt crisis, while attractive valuations in Saudi Arabians petrochemicals helped lift the bourse.
Fatih Birol, the chief economist for the International Energy Agency, said $1.5 trillion needs to be invested each year if the world is going to meet the energy demands from now until 2035.
It’s not just the shortage of pilots that airlines across the globe are currently grappling with, but there is also a strong demand for more than 40,000 aviation industry personnel currently, according to Roei Ganzarski, chief customer officer for Boeing Flight Services.
October 18, 2011
No brands from the Middle East were among the 100, an issue that Michael Benson, the regional director for Interbrand, says could be remedied in the next few years.
Dubai is looking to expand its cruise terminal facilities in a bid to accommodate the increase in the number of cruise ships.
The kingdom, in light of the Arab Spring, announced a sizeable government spending programme, amounting to approximately 470bn Saudi riyals [Dh460.3bn] … this is approximately equal to 29 percent of Saudi's 2010 annual GDP.
Libya is struggling to resume oil production, which forms the overwhelming bulk of its exports but was largely halted for the past eight months by its civil war, the country produced about 1.8 million bpd during peace time and hopes to be pumping 1 million barrels per day within a year.
The presence of a big number of insurance companies in an unregulated business environment is hurting growth in the insurance sector in Lebanon.
The firms are particularly optimistic about the prospects of sectors such as health care, education, consumer goods and oil and gas, which are likely to benefit from government spending plans and regulatory changes.
October 17, 2011
The E&Y Middle East Hotel Benchmark Survey for August revealed revenue levels for Makkah and Madina hotels shot up 55.3 percent to $722 (Dh2,652) and 52.3 percent to $353 respectively over August 2010.
The regional capital markets raised $218.9 million through the initial public offering (IPO) during the third quarter of 2011.
Unfortunately, the iPhone 4S is still not officially available in the UAE and until then, loyal Apple fans are willing to pay much higher prices for grey market phones and be among the first to have the new mobile device.
In the retail sector, five current developments will deliver an additional 100,000 square metres of good quality retail space into the market over the next 18 months, adding to the 300,000 square metres that is currently available.
With the robust economic fundamentals, Qatar, however, is bullish it can convince more financial heavyweights to set up businesses in the country.