November 11, 2012
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
Local companies are anticipating a rise in building materials costs over the next year in the Gulf region. Cement prices have sky-rocked already.
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.
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
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.
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.
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
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.
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.
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
62% of PC users in the Middle East are unable to recognise a phishing message or a fake website, according to a recent survey.
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.
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
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.
A sneak Israeli preview on Iran: Is Ahmadinejad taking a nuclear time-out to champion the Shia Spring?
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.