August 20, 2012
The resignation of Arab Bank Chairman Abdel Hamid Shoman signals the end of an era for the family that controlled and managed one of the Middle East’s largest financial institutions for over 80 years.
August 16, 2012
Iran sanctions curbing oil outflows and declining US inventory data have added fuel to fire, said Renisha Chainani Manager Research Edelweiss Commodity section.
OPEC crude output fell for a second month in July as Saudi Arabia cut production and Iran pumped less than Iraq for the first time in at least 20 years.
Saudi Arabia largest export and re-export market for Dubai Chamber members in first half of 2012 with a total value of Dh36.3 billion, a recent study developed by Dubai chamber of commerce and Industry said.
August 15, 2012
Silver prices are more volatile than gold. And over the past five years gold has actually been a slightly better performer. The central banks hold gold, not generally silver.
Most leisure hotels also experienced slight occupancy drops, according to hoteliers and market experts, with Ramadan falling in the midst of summer this year.
Indians have emerged as the top foreign property buyers in Dubai, ahead of their Pakistani and British counterparts, as foreign investors have injected more than Dh22 billion in the real estate sector in one of the largest cites in the United Arab Emirates.
August 14, 2012
Compromises in security are necessary to make cloud services easy to use for non-technical consumers, experts have said.
Criticism of the slow progress on inviting companies to explore for hydrocarbons in the waters off the Lebanese coast is becoming louder.
Omanis are reporting a growing disconnect between their job requirements and the preparation they have received for those requirements through their education, compared to foreign workers, according to the preliminary findings of Qudurat research.
August 13, 2012
The property market in Oman has seen strong peaks and troughs in recent years, but the future has never looked brighter, says one of the country's experts in property investment.
Iraqi Kurdistan’s crude oil is plentiful and easy to get at. But the companies working there under contracts with the semi-autonomous Kurdistan Regional Government (KRG) are not getting much out.
Saudi Arabia's index advances to a fresh 11-week high, boosted by food stocks, but volumes slump as investors wind down ahead of the upcoming Eid holiday.
August 12, 2012
Electricite du Liban announced Friday that electricity production will start improving as of Monday in most Lebanese areas after the technical teams nearly completed maintenance work on some of the power plants.
The Qatar government has loaned Egypt $2 billion in an effort to assist Cairo in bolstering its struggling economy, the official state-run MENA news agency reported on Saturday.