Featured Articles

May 13, 2012

Within a year, South Sudan will try to ship 10 to 15 percent of its oil production through lorries
15:01 GMT
South Sudan's economic crisis is looming just nine months after it became the world's newest country when it separated from the Republic of Sudan.
Dubai already cares for more than 500,000 medical tourism visitors per year
11:44 GMT
The medical tourism industry is predicted by experts to become a $100 billion (Dhs 367.3 billion) global industry sector by the end of this year.
Since 2008, gangs of Somali pirates have carried out more than 800 attacks on ships as diverse as private yachts to oil supertankers
09:22 GMT
For the pirates, it is big business, earning them US$160 million (Dh587.6m) last year in ransom for the return of ships, cargo and crew. For the world economy, it is a major drain, with piracy off the Horn of Africa alone costing an estimated $7 billion a year.
Lebanon’s economic growth accelerated to between 3 percent and 3.5 percent in the first quarter of this year as air traffic rose 10 percent and tourism in the capital, Beirut, recovered, Salameh said
07:59 GMT
Lebanon’s banks are attracting more deposits and reducing exposure to government debt, Central Bank Governor Riad Salameh said.

May 10, 2012

In the UAE, the abiding law for intellectual property (IP) protection is Federal Law No. (7) of 2002  — or the Copyright Law  — which would in theory protect authors. While the regulatory regime that the law sets out is clear enough, putting it into practice takes some doing
16:00 GMT
Fighting a seemingly losing battle against illegal downloads and file-shares, music and movie distributors in the UAE have been given hope by a recent landmark judgment in the UK.
The Egyptian government has been encouraging FDIs to invest in job-creating sectors
15:00 GMT
Financial experts and institutional investors said at a conference organised by Gulf Capital that the medium to long-term outlook for investing in Egypt remains positive, despite the current political uncertainties in the country.
The changing political landscape in the Arab world has required the Arab media to work hard to catch up
15:00 GMT
The media is an essential part of the dramatic political changes which are still continuing as countries like Egypt and Libya.
Bank lending in the UAE, a federation of seven emirates including Abu Dhabi and Dubai, grew more than 30 percent annually in the four years to 2008
13:01 GMT
Three of the UAE's top-seven banks - Abu Dhabi Commercial Bank, First Gulf Bank and Mashreqbank - - reported a decline in lending in the first quarter from December, while National Bank of Abu Dhabi said lending advanced 2.3 percent, the fastest in the group.
A lot of the Middle East oil and gas reserves are mature, and they need a higher degree of expertise to remove the oil and gas
12:22 GMT
A chronic talent shortage in the Middle East’s vitally important oil and gas sector could lead to considerable revenue losses and the scenario of wells remaining untapped.
The GCC economies face important demographic challenges
11:40 GMT
Strong demand from emerging markets will particularly benefit the GCC economies.

May 9, 2012

The Skills Strategy supports governments with gathering and using better intelligence about changing skill demand
15:00 GMT
The world in general and the UAE in particular should concentrate on investments in human skills as a means to improving their economies.
More likely and simply gold may be suffering from investor fatigue
15:00 GMT
It is less clear why gold has fallen so sharply it could as well be attributed to Euro weakness on a deteriorating Greek situation (are the Greeks losing their marbles ? English joke) or possible selling of oil by Iran to China in exchange for gold.
15:00 GMT
On Apr. 22, Egypt unilaterally cancelled a 2005 export agreement for the sale of natural gas to Israel, which for the past five years had ensured a steady supply of Egyptian gas from the northern Sinai Peninsula to Israel.
European air traffic body Eurocontrol, said there were 2.12 million flights in Europe between January and March this year, down 3.3 percent on the first quarter of 2011
13:46 GMT
European air traffic fell in the first quarter of 2012 compared to the same period last year, two aviation bodies said on Tuesday, with the decline blamed on Europe’s debt crisis and the lingering effects of the Arab Spring unrest.
Saleh bin Eid Al-Husaini, Shoura Council member, said the performance of the workforce should be oriented toward improving the Saudi economy
10:52 GMT
To increase the percentage of the Saudi workforce; the Saudi Economy Conference called for providing incentives to national companies.