September 5, 2011
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.
The misuse of the surplus and not investing it in the right direction has led to structural imbalances in the economy and threatens the future of the country in the implementation of programmes and financial obligations.
Oil would be a key to getting the economy running again and foreign contractors were needed for their technical expertise.
These days, banks are under pressure to extract the optimum possible results out of their assets and the chances are they would be more than willing to tie up with small and mid-sized businesses that are still building up towards a decent track record.
The occupancy rates in Beirut hotels reached 100 percent during Eid al-Fitr but they are expected to go down by the end of the first week of September.
The latest round of hiring will be quite different to the “frenzy” the country experienced prior to the height of the global economic crisis in 2008, with companies looking to make selective appointments rather than fill whole new departments or offices.
August 31, 2011
Five months of protest and government reprisals have undoubtedly inflicted economic damage, one industrialist said some were losing patience with the worsening economic outlook.