September 10, 2012
The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according to a report by the National Bank of Kuwait (NBK).
The increasing price of gold is evidence in the lack of confidence in the global economy, as investors seek the traditional safe haven of the precious metal. Gold prices are helped by the 6 per cent decline in supply caused by lower recycling levels
The UAE and China are registering economic growth, and are increasing trade relations. The relationship between the two nations has increased fivefold over the last ten years, with a growth rate of 395 per cent in spite of the global downturn.
September 9, 2012
There is tremendous opportunity for banks and financing institutions as almost 50,000 UAE-based small and medium enterprises (SMEs) are on the lookout for additional capital and financing.
The Egyptian market is particularly well known for its aversion to automation in the area of customer service.
Lebanon's offshore gas fields could be larger than Cyprus and Syria's offshore field, according to early, better than average data. 26 companies are bidding for anchorage, despite government delays.
September 6, 2012
Saudi Arabia’s automotive accessories, repair and after-sales service equipment market will reach around SR9 billion ($2.4 billion) in the coming years, said industry experts ahead of a major automotive event in Riyadh.
Companies in Bahrain could be set to lose major contracts as a result of delays being suffered by truckers crossing the King Fahad Causeway into Saudi Arabia.
Dubai's non-oil foreign trade climbed to a record AED 602 billion ($163.9 bn) during the first half of 2012, at a 12 percent increase compared to the same period last year.
September 5, 2012
Iranian officials also said at the time that private companies had signed contracts to build more than 600MW of biomass systems and 500MW of new wind energy projects.
Demand for basic commodities in the second quarter of 2012 rose slightly compared to the same period of 2011 despite a surge in prices, a study by Beirut Traders Association and Fransabank showed Tuesday.
The job opportunities were up across the board in the UAE this year compared to the 2010 and 2009, buoyed by Abu Dhabi's economic growth, which has led to an exponential rise in vacancies in the emirate, according to a survey.
September 4, 2012
Delays in Iraq’s pipeline construction threaten to stall production at Royal Dutch Shell’s Majnoon oilfield for at least three months, forcing the field to miss a 2012 target of 175,000 barrels per day (bpd), oil ministry documents showed.
Output, orders and employment all continued to rise, while there was further stock accumulation as companies retained positive forecasts for growth.
According to Ernst & Young’s 2012 MENA Customer Barometer, MENA consumers are among the most brand loyal consumers in the world.