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January 12, 2015

 The UAE can live with current market conditions “a lot longer than people expect,” Al Otaiba, said in Washington last week.
15:02 GMT
A long battle is in hand and stakeholders are preparing and positioning themselves.
The slump in oil prices will have a significant impact on the Lebanese economy.
01:11 GMT
The falling price of oil has a positive effect on the real economy, as well as a set of negative consequences, which have plagued Lebanon’s economy since early 2011.

Never before have national oil companies (NOCs) in the Middle East faced such a range of challenges as they seek to increase their output.
00:32 GMT
The regional oil and gas companies are being asked by governments to reduce their heavy dependence on expatriates, yet they find themselves faced with a shortfall in qualified nationals with which to replace them.

January 11, 2015

 Fake cases have resulted in increasing the number of expatriate workers in the sector and reducing the productivity of Saudi workers.
11:44 GMT
A number of economic experts have warned about the rising number of fake Saudization cases because of loopholes in the Nitaqat program.

January 10, 2015

Overall, hiring activity in the UAE remains positive, with the availability of online jobs in the country increasing by 13 per cent in December 2014.
23:55 GMT
For a more successful job search, the key is to know which sectors are really begging for new talent.

January 8, 2015

The report noted that 62 percent of Turkish consumers are not able to routinely increase their savings
04:55 GMT
Parallel to the savings problem, Turkey has the highest figures in Europe in terms of the ratio of credit card debt to the gross domestic product (GDP), with 53 percent.
Since June last year, oil has lost around 55 percent of its value on a production glut, weak demand and a strong US dollar.
23:42 GMT
Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and global markets were dragged down by a gloomy outlook for crude.

January 7, 2015

AlDughaim added the Kingdom is yet to realize the economic value of tourism.
15:43 GMT
At least 4.5 million Saudi tourists spend over SR80 billion ($20 billion) every year when they go abroad and six times as much as their Western counterparts.
Noble and Delek are the largest stakeholders in Israel's two main gas fields - Tamar.
04:55 GMT
New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk.

January 6, 2015

Pakistan has suffered an estimated loss of  $102 billion and 60,000 civilian and 6,000 army deaths in 13 years of war against terror.
21:23 GMT
Pakistan’s high growth and economic expansion will boost its business relations with the UAE and globally during fiscal-2015.
In Amman, 24,871 transactions were for apartments and 18,515 for land while in other governorates  11,337 were for apartments and 50,920 for lands.
17:04 GMT
Real estate trading last year registered a record JD7.76 billion, 22 per cent higher than the amount in 2013 when it stood at JD6.34 billion.
"Market prices of cotton are currently low; without the subsidy, farmers will not be able to sustain the cost of planting cotton," he concluded.
15:39 GMT
The Egyptian government has decided to no longer subsidise farmers planting cotton effective the upcoming growing season.
Yet that hope is based largely on quarterly company reports from several months ago, when drillers last made their hedging portfolios public.
01:26 GMT
OPEC’s biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices – hedges.

January 5, 2015

The study outlines a few challenges that are hindering the GCC’s ability to emerge as a meetings destination.
14:22 GMT
GCC countries are in an excellent position to become a global meetings hub because of their growing trade activity.
A key point in any agreement would be the lifting of wide-ranging sanctions -- imposed on Iran as punishment for its atomic activities.
04:55 GMT
Speaking at an economic conference in Tehran, he said the Islamic republic would not give up its principles but it would be better placed to conclusively emerge from recession if it opened up