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August 23, 2012

As far as 2012 is concerned, the outlook is positive across the MENA region with the respondents consistently believing that their personal financial situation will take a turn for the better
12:19 GMT
Majority of the residents in MENA region have either maintained or improved upon their financial status in the past 12 months, with more positive sentiments for the year to come, according to a survey.
Experts say it will take a minimum of five years until companies start extracting gas and oil off the Lebanese coast if everything goes according to plan
12:05 GMT
Explorers will very likely find substantial quantities of natural gas and possibly oil off the Lebanese coast, according to a top executive at a Norwegian company carrying out the first 3-D seismic survey of Lebanon's offshore deposits.

August 22, 2012

In terms of employment, almost half of the respondents (49%) claim that there are ‘very few jobs available’
13:56 GMT
In Kuwait, respondents forecast a better financial climate and economy, with improved business conditions and more jobs available.
Oman also has much smaller oil and gas reserves than the other five GCC member states
13:33 GMT
Moody's Investors Service says Oman's A1 foreign and local currency government bond ratings and stable outlook balances its considerable financial strength against long-term structural economic challenges.
The number of GCC employees in the private sector increased four percent to 3,031 employees in 2011
11:58 GMT
GCC investors have shown increasing interest in the UAE, the second biggest Arab economy, purchasing 32 percent more properties in 2011 than in 2010.

August 20, 2012

Banking expert Mefleh Aqel told The Jordan Times on Thursday that the Shoman family used to own around 18 percent of the bank’s shares less than 10 years ago, while now its stake is below 6 percent
10:49 GMT
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

With violence in Iraq escalating and Syrain turmoil exacerbating not to speak of the attacks on pipelines in Turkey crude oil markets are in for a bull run
14:10 GMT
Iran sanctions curbing oil outflows and declining US inventory data have added fuel to fire, said Renisha Chainani Manager Research Edelweiss Commodity section.
Iran cut September crude-price differentials to customers in Asia, following a similar decrease by Saudi Arabia, the world’s largest crude exporter
11:29 GMT
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.
The study further highlighted that proximity and ease of movement of goods within the region had made the GCC countries the busiest export and re-export destinations for Dubai Chamber members
10:29 GMT
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

As an investor you always look at two things: upside and downside potential
13:22 GMT
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.
The hotel’s properties across the UAE are “performing as expected”
13:20 GMT
Most leisure hotels also experienced slight occupancy drops, according to hoteliers and market experts, with Ramadan falling in the midst of summer this year.
The real estate sector performance is moving from strength to strength over the past two years
13:17 GMT
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

Despite missing important capabilities, cloud services are attracting businesses willing to trade risk for the convenience and lower cost of not having to maintain or manage the applications
13:56 GMT
Compromises in security are necessary to make cloud services easy to use for non-technical consumers, experts have said.
Looking ahead, Lebanon should not be over-critical at the country’s slow pace and should remain realistic in its expectations
13:54 GMT
Criticism of the slow progress on inviting companies to explore for hydrocarbons in the waters off the Lebanese coast is becoming louder.
Omanis are also keen to bridge the gap between their educational preparation and job requirements, the survey noted
13:51 GMT
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.