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September 10, 2012

The consumer spending growth moderated thus far in 2012 following an unprecedented year in 2011
14:47 GMT
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).
Gold: The safe haven
13:32 GMT
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
China, the worlds second largest economy, and the UAE continue to forge links after fivefold increase in trade between the two nations
13:05 GMT
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

According to a recent study by Dubai SME, a total of 230,000 mini firms are currently operational in the UAE, but only 140,000 of these are considered bankable, since the rest are too micro
15:50 GMT
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.
Businesses need to start introducing truly bespoke solutions that utilise the full potential of the technology available to them
15:38 GMT
The Egyptian market is particularly well known for its aversion to automation in the area of customer service.
Offshore gas could prove lucrative for Lebanon
12:43 GMT
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

Organised under the patronage and support of the Saudi Ministry of Transport, Saudi Autoshop 2012, the 15th international exhibition will run from November 17 to 22 at Riyadh Exhibition Centre
13:58 GMT
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.
Businessmen said they had received frantic calls from customers in Saudi Arabia and the UAE on why goods they had ordered had not been delivered, as drivers take up to four days to cross the border
13:50 GMT
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 trade totalled AED 537 billion during H1 2011, according to the latest statistics from Dubai Customs
13:37 GMT
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

The West is not alone in the pursuit of renewable energy capacity. Middle Eastern countries are on the same path and that includes Iran
14:17 GMT
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.
Luxury items and equipment witnessed a sharp decline
11:50 GMT
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.
Job seekers with analytical and management experience have been high on companies hiring agendas, with a rise of commercial roles filtering through
08:19 GMT
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

Some oil majors have begun signing deals with Iraq’s autonomous Kurdistan region
15:05 GMT
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.
UAE non-oil private sector companies increased their purchasing activity during August
14:29 GMT
Output, orders and employment all continued to rise, while there was further stock accumulation as companies retained positive forecasts for growth.
Traditional market segmentation no longer holds true
13:26 GMT
According to Ernst & Young’s 2012 MENA Customer Barometer, MENA consumers are among the most brand loyal consumers in the world.