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August 2, 2012

Global IPO activity saw an improvement in second quarter 2012, according to Ernst & Young's Global IPO update
13:26 GMT
Regional companies raised a total of $1.29 billion through five initial public offerings (IPOs) in the second quarter of 2012.

August 1, 2012

With growing confidence in e-commerce sites and the safety of web-based transactions, a critical mass of travellers are now searching for options online
15:14 GMT
The method by which travellers in the UAE purchase their flights and hotel nights is changing rapidly according to a pilot study of 50,000 users of travel comparison site, Wego.
Gulf visitors appear to be increasingly favouring the home comforts
14:47 GMT
Ramadan is more of a prompt for Gulf citizens to stay at home rather than venture overseas. Ernst & Young’s data bears this out.
The Middle East is leading the world by investing in innovative infrastructure projects to create major urban cities of the future, while balancing the needs of the population, economy and the environment
14:27 GMT
A range of projects that span the Middle East have been chosen among the 100 most innovative and inspiring urban infrastructure projects in the world, in the second edition of KPMG’s Infrastructure 100 report.

July 31, 2012

Last May, a delegation of around 150 Turkish businessmen and their Lebanese counterparts called for a maritime trade link between the countries
13:31 GMT
The Agriculture Ministry is pursuing efforts to facilitate maritime transport to compensate for delays in land cargo through Syria, where the security situation has deteriorated significantly in the last few weeks.
The Muslim tourist spending is set to grow to $192 Billion by 2020 representing 13.4 percent of the global expenditure
12:45 GMT
A study shows that Muslim tourists globally represent a major niche market worth $126.1 billion in 2011 growing at a 4.8 percent through 2020, compared to global average of 3.8 percent.
The protesters closed off all entrances to the premises with metal chains as EDL administration staff stood outside and tried to negotiate with the contract workers to allow them in
12:10 GMT
Electricite du Liban warned Monday that the country could face a nationwide blackout if contract workers do not end their “takeover” of the state-run company’s headquarters in Beirut.

July 30, 2012

With more than 2000 km of palm-fringed coastline and an historic quarter in Tripoli, the Libyan Society for the Activation of Tourism has said the country has a lot to offer to adventurers, reports News.com.au
11:52 GMT
Despite enduring more than 40 years of bloody terror and dictatorship, a Libyan tourist organisation believes the country has what it takes to be the next top tourist spot.
Most trucks carrying Jordanian fruits and vegetables through Syria and then to Turkey and Europe are owned by Turks who used to come through Bab Al Hawa border gate between Turkey and Syria which is now completely closed
11:16 GMT
The flow of Jordan’s exports to Syria has not yet been affected “considerably” by the ongoing violence sweeping the northern Arab state, but the Kingdom’s exports to Turkey and Europe through Syria have all stopped.
The first half of 2012 saw the deficit climbing 22.5 percent, or around $1.6 billion, to reach $8.71 billion, compared to $7.11 billion in the same period of 2011
10:50 GMT
Economists and business leaders predict a bleak economic picture of Lebanon this year in light of falling foreign direct investments, plummeting tourism, a widening trade deficit and a war raging across Lebanon’s only accessible neighbor.

July 29, 2012

The MENA infrastructure and construction market is among the world’s most attractive given its sheer size
13:41 GMT
Over the next 15 years, the MENA construction sector will be a key beneficiary of the implementation of structural reforms to raise productivity of the non-oil sector.
Around 180,000 patients came for treatment in the Kingdom’s hospitals in 2011, compared to around 220,000 the previous year, according to PHA figures
13:10 GMT
Jordan’s medical tourism sector remains among the most robust in the Middle East but must address several challenges to retain its competitive, according to a sector representative.
As demand on products and services increases, businesses produce more and hire more workers, reducing unemployment
09:31 GMT
A minimum wage high enough to provide decent living conditions for workers and their families, paying for their basic needs, would do wonders to the economy.

July 26, 2012

Saudi Arabia is set to take the lead in regional infrastructure investment and construction spending
13:22 GMT
Saudi Arabia will take the lead in terms of construction spending in the MENA region as the Kingdom responds positively to pressing social needs such as labor, housing and education.
Youth unemployment is one of the major challenges facing GCC economies
13:02 GMT
The study said the joblessness problem among the young generations is “more acute” than the rate among other groups.