January 2, 2012
Despite a faltering global outlook, ongoing weakness in the US and a seemingly intractable European debt crisis, the GCC should still make healthy energy revenues this year.
In these times of financial and economic turmoil there is one certainty: the value of gold has proven time and time again that its course can only go up thus reassuring your confidence in it as the most suitable class of investment.
According to Towers Watson research, one of the finest global market intelligence services, salaries in the country are expected to rise by a further 5.7 percent in 2012.
The international community has imposed strict economic sanctions on Syria, which includes a monitoring of all bank transfers, freezing of assets and suspension from the Greater Arab Free Trade Area (GAFTA).
Rating agencies and international organisations such as the Institute of International Finance (IIF) and the International Monetary Fund (IMF) have projected a gloomy outlook for the banking sectors of the affected countries, particularly Egypt and Lebanon.
December 29, 2011
Companies will do well if they sold products for cash at lower margins than waiting to market them at credit and earn huge profits later,” said the globe-trotting Alagh, who is a much sought after management consultant.
Economic sanctions have hit hard, most significantly the isolation of banks and European bans on the small but crucial oil sector – oil and tourism accounted for more than $12bn of Syria’s approximately $50bn gross domestic product.
Iran’s navy chief, Habibollah Sayyari, told Iran’s English language Press TV: “Closing the Strait of Hormuz, for Iran’s armed forces is really easy... or as Iranians say, it will be easier than drinking a glass of water.”
The third quarter achieved a higher growth rate than the first and second quarters when the economy expanded by 2.2 percent and 2.4 percent respectively.
The year 2011, unlike any year in the past decade, has put the country’s resilient banking sector under pressure on three fronts simultaneously.
Despite International Monetary Fund (IMF) predictions that Yemen's economy would contract by 2.5 percent this year, there was no mention of economic reforms in the draft document, a point that was noted by several members of parliament present.
December 28, 2011
Brent prices up 5 percent in less than two week. Brent crude oil steadied above $109 a barrel on Wednesday after rallying for six straight sessions, supported by Iran's threat to halt oil shipments through the Strait of Hormuz.
The members’ violations include “abuse of public office” after they reportedly signed a council decision that labels a casino as a legitimate tourism business in accordance with the Tourism Law, according to a Prime Ministry statement.
Saudi Arabia's strong economic growth this year was a positive surprise, Finance Minister Ibrahim Alassaf said, adding that the government's plans to build hundreds of thousands of homes aimed to limit future inflationary pressures.
In a report released yesterday, Towers Watson research suggests that the salaries in the UAE will “rise by a further 5.7 percent in 2012” following “an average of 5.5 percent rise across all industries in...2011.