April 5, 2012
The global economy faces three key risks in 2012, first an oil price shock from supply disruptions in the Middle East, second the euro zone sovereign debt problems and lastly, China's real estate market downturn.
April 4, 2012
The majority of M&A transactions over the past two years have concentrated on the GCC region, in particular the UAE and more recently Saudi Arabia, indicated the M&A report from Deloitte, a professional services firm.
Investing in IT departments can have a bigger impact on a firm’s profits than similar spending on R&D and some marketing endeavors, according to a team of university researchers.
Dubai's Land Department, which issued its annual report yesterday, claims that a 20 percent increase in property transactions in 2011 — at a value of Dh143 billion — is a sign of real estate market recovery and growth.
April 3, 2012
The number of jobs advertised online in the Middle East rose 14 percent in February, with Saudi Arabia offering the most opportunities to jobseekers.
Revisions to internet and mobile phone penetration figures in the UAE haverevealed a smaller proportion of the population use such services than was previously thought.
Piracy threats pose major challenges to the global shipping industry, a top UAE government official said.
April 2, 2012
The chief reason behind the increase in the deficit was the soaring price of oil globally, the report said.
The WTO expressed its hope for greater prosperity and success for the UAE in building a more advanced knowledge-based economy.
A group of energy experts has suggested several possible solutions to help policy makers put an end to the Kingdom’s energy woes.
April 1, 2012
According to analysts at Dow Jones Saudi Arabia, the cartel’s biggest producer churned out an average of 9.8 million barrels per day (b/d) during the month.
The fact that leisure and business tourism is flourishing in many countries throughout the Middle East – despite the prospect of a European recession and regional political unrest –bodes well for a positive start to this year’s Arabian Travel Market industry showcase.
Since the country's uprising began in early 2011, analysts say Egypt's currency has been at risk of devaluation.
March 29, 2012
The International Air Transport Association (IATA) has announced a downgrade to its industry outlook for 2012 primarily due to rising oil prices.
The Saudi government said it would invest over $140bn over the next 20 years on nuclear and renewable-energy projects.