December 15, 2011
The governmental changes in Libya will have a deep impact on how its oil industry functions, as well as the extent of its participation in the global market.
ICT experts at the Black Hat conference on cyber crime in Abu Dhabi said attacks vary from viruses and malware, online harassment, phishing’ messages to being approached online by sexual predators.
Profitability of corporate banking business in the Gulf is recovering fast from the global financial turmoil, according to a recent study by the Boston Consulting Group (BCG).
Oil prices, which at $109 a barrel already pose a "major risk" to the fragile global economy, could rise further to $150 in coming years if there is no more investment to boost oil output in the Middle East, said IEA's Fatih Birol.
“Global trends show that cyber-criminals are more likely to target small businesses as they have more money than individual targets and far less security than large enterprises,” said Johnny Karam, Symantec’s regional director for the Middle East and North Africa.
The tourism sector has been hit hard since Egypt’s January uprising toppled president Hosni Mubarak, and the upcoming weeks may help recoup some losses. However, as bookings go so far, it might not be much of a boost.
December 14, 2011
Deutsche Bank's report says, "That every person on the planet may be a candidate for Islamic finance may be stretching the facts, but it is conceivable that, other things being equal, every Muslim could be a customer."
Investing in gold and silver for financial survival has become a necessity as the entire world now is undergoing financial instability.
Regular power cuts, long queues at fuel stations and shortages of cooking gas are now part of everyday life in Syria, as sanctions bite and the economy grinds to a halt.
Just as a modern and efficient insolvency framework is important for corporates, it is as important to have personal bankruptcy laws in place as well in order to facilitate entrepreneurs and encourage new entrants to the market.
Saudi Arabia, the holder of most of OPEC's spare capacity, now accounts for 31 percent of the group's output. The UAE and Qatar also increased production.
The transportation cost of Turkish goods to Lebanon has nearly doubled as the security situation in Syria continued to deteriorate since the popular uprising broke out nine months ago against the Syrian regime.
December 13, 2011
The main difference between the period of the 70s versus those of the Great Depression and the current period is the fact that debt levels relative to GDP were much lower in the 70s.
The International Energy Agency cut its oil demand outlook for 2011 and 2012 by around 200,000 barrels per day (bpd) due to a "more precarious economic backdrop".
Computers control nearly all the world's energy production and distribution in systems that are increasingly vulnerable to cyber attacks that could put cutting-edge fuel production technology in rival company hands.