Featured Articles

November 11, 2012

Wedding's are an expensive business, but increasingly so in Iran
03:00 GMT
Inflation is creeping up in Iran, but this is is starting to affect the bridal industry in the Islamic Republic, especially in the run up to of Muharram, a month of mourning for Shiite Muslims, but it is also when many get married.

November 8, 2012

Exhibtor explaining the products of Rak Ceramics, during the Big 5 Show being held in Dubai Trade center.
12:16 GMT
Local companies are anticipating a rise in building materials costs over the next year in the Gulf region. Cement prices have sky-rocked already.
Banks on the Khalid Bin Al Waleed Street also known as Bank Street in Bur Dubai.
10:18 GMT
Balancing growth with risk management and governance is vital for driving investment in today’s increasingly regulated and challenging markets, Stuart Anderson, Managing Director and Regional Head Middle East at (S&P) says.
Strait of Hormuz.
08:15 GMT
Strategic oil reserves will be needed if Iran carries out threat to close the choke point waterway Strait of Hormuz, as land passages can only carry so much.

November 7, 2012

UAE-Currency
12:54 GMT
Moody’s expects problem loan levels to remain elevated, driven by (i) exposures to large, stressed, government-related issuers (GRIs) and (ii) legacy corporate impairments, primarily real-estate-related, which are still emerging after failed attempts to restructure earlier in the crisis.
IPO.
10:43 GMT
The month of July and August marked the expected slowdown in Initial Public Offering (IPO) activity in the Gulf Corporation Council (GCC) with lower available trading days and activity on the regional exchanges.
Egyptian expatriates said that Jordan has always been their second home
03:00 GMT
Jordanian citizens and Egyptian expatriates have voiced disappointment at Cairo’s decision to halt gas supplies to the Kingdom, which suffers from severe energy difficulties.

November 6, 2012

SME.
10:01 GMT
Financing small and medium enterprises (SME) in the UAE is still one of the main challenges facing this burgeoning sector. An SME law anticipated by the close of the year might improve the situation.
Spanish companies had a strong turnout at the Big 5 this year, eager to expand their exports to the GCC and Middle East as the construction sector back home is in dire straits
09:21 GMT
European construction companies are pursuing growth opportunities in the Gulf region. The construction boom in the GCC can allow them to invest in rebuilding projects in Arab Spring countries as the Eurozone crisis continues to drain their profits.
The conditions in the West Bank add particular challenges and restrictions for Palestinian men and women alike
03:00 GMT
Many women are finding creative ways to overcome the restrictions Palestinians face in finding work and starting a business. Palestinian females who know first hand how hard it is for women to succeed in the job market are leading a campaign to increase women's representation in decision-making positions in the public sector.

November 5, 2012

A high percentage of users fell victims to mobile devices’ phishing
12:19 GMT
62% of PC users in the Middle East are unable to recognise a phishing message or a fake website, according to a recent survey.
Constructions in Muscat, Oman.
10:14 GMT
The 'meteoric' rise of property prices in Oman from the past six years cannot be sustained and experts are predicting a crash that would leave many investors in the lurch.
The IMF advice is to reduce spending and to improve long-term fiscal positions
03:00 GMT
Will Gulf states with oil-dependent economies run out of luck? Doomsday scenarios are always popular, especially when they are about countries that are perceived as smug and self-satisfied about their past economic performances and future prospects.

November 4, 2012

The event organized by the Lebanese Economic Association in Beirut, Tuesday, Oct. 30, 2012. (The Daily Star/Hasan Shaaban))
12:41 GMT
A seminar organised by the Lebanese Economic Association LEA in partnership with the Friedrich Naumann Foundation had this advice to give the Lebanese on pulling themselves out of crisis-mode: Watch Europe's crisis and learn. The impact of the European financial crisis on Lebanon has been minimal, yet Lebanon can learn from the Euro-zone.
Iran has decided to suspend its nuclear efforts until next summer
11:18 GMT
Israel is probably the most concerned country regarding Iran’s nuclear efforts, and that’s why it follows Iran’s every move relating to nuclear proliferation with meticulous attention. Minister Ehud Barak has leaked insights into an Iranian delay on nuclear armament as the Persian power it focuses on in the Shia 'cause' of the region.