May 13, 2012
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.
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.
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 banks are attracting more deposits and reducing exposure to government debt, Central Bank Governor Riad Salameh said.
May 10, 2012
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.
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 media is an essential part of the dramatic political changes which are still continuing as countries like Egypt and Libya.
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 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.
Strong demand from emerging markets will particularly benefit the GCC economies.
May 9, 2012
The world in general and the UAE in particular should concentrate on investments in human skills as a means to improving their economies.
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.
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 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.
To increase the percentage of the Saudi workforce; the Saudi Economy Conference called for providing incentives to national companies.