September 6, 2011
The UAE markets are making a sideways move and the overall trend ranges from negative to neutral, if there’s a selloff on the international markets, the UAE markets which are already weak will be affected.
According to property consultants Cushman & Wakefield, Lebanon was one of two countries in the Middle East & Africa region that posted increases in prime rents in the 12 months to June 2011, as rental values in the top shopping areas of Beirut proved resilient to external turmoil.
September 5, 2011
Had not a number of OPEC members, including Kuwait and Saudi Arabia, increased their oil production; so oil prices would have shot above current levels causing a global crisis and contributing to a recession in the global economy which is still recovering from the impact of the 2008 crisis.
Technology plays a crucial role in increasing profitability. Gulf carriers can potentially reap significant benefits by embracing solutions that can firstly be easily retrofitted into existing fleets to extend lifecycles and maximise efficiency of current airframes, and secondly equip new and upcoming aircraft to enhance overall performance.
As new Islamic institutions and conventional banks gear up to launch their sharia-compliant services, the central bank is in the process of developing the regulations needed to provide the proper environment and oversight for Islamic banks.
Employees who are not engaged are those who go through each workday putting time but no passion or energy into their work. Actively disengaged employees are worse as aside from being unhappy at work, they also manifest their discontent through their actions.
The emirate’s hotels topped the region’s occupancy charts for the month with 80.8 percent against 70.3 percent experienced in July 2010.
Social Affairs Minister Wael Abu Faour said Sunday that discussions over the past few days had led to “preliminary conclusions that could see a happy ending for the proposal.”
September 4, 2011
The plan, which calls for the allocation of $1.2 billion to the Energy Ministry to build power plants capable of producing 700 megawatts, has exposed a split in the Cabinet between Free Patriotic Movement (FPM) leader MP Michel Aoun on the one hand, and Mikati and Progressive Socialist Party (PSP) leader MP Walid Jumblat on the other.
The recent events in Libya offers promise for a return of Libya's crude supply to the market, but a quick return to meaningful volumes seems unlikely.
With the Eid holidays coming to an end, the investors might start building their positions. However, what direction our markets would take would largely be determined by the global investor sentiment.
Global integration allows us to think of efficiency beyond national boundaries; it allows us to score efficiency gains on a global scale by shifting agricultural production to where it can best take place.
Qatar will continue to try to diversify its economy, particularly after its successful bid to host the 2022 World Cup, but the bulk of private and foreign investment will be focused on the energy sector.
Rates are expected to see a fall of 10 to 15 percent across Dubai during the remainder of this year.
September 3, 2011
Earlier this year, labor unions began pressing the government to increase the minimum wage, which currently stands at LL500,000, to LL1.2 million following the rise of inflation rates and fuel prices.