August 5, 2012
Iran is being hit by a "war" on its economy, according to officials facing tightened US sanctions and renewed Israeli threats of imminent military action over Tehran s nuclear activities.
August 2, 2012
The new Investment Funds Regulation implemented by the UAE Securities and Commodities Authority (SCA) this week applies to all matters relating to domestic investment funds and to the promotion and offering of foreign funds in the UAE.
With the globe still reeling under the scourge of recession and people of over 100 countries still finding it difficult to find jobs, the Sultanate has bucked the trend with Omanis quite optimistic on the job front.
Regional companies raised a total of $1.29 billion through five initial public offerings (IPOs) in the second quarter of 2012.
August 1, 2012
The method by which travellers in the UAE purchase their flights and hotel nights is changing rapidly according to a pilot study of 50,000 users of travel comparison site, Wego.
Ramadan is more of a prompt for Gulf citizens to stay at home rather than venture overseas. Ernst & Young’s data bears this out.
A range of projects that span the Middle East have been chosen among the 100 most innovative and inspiring urban infrastructure projects in the world, in the second edition of KPMG’s Infrastructure 100 report.
July 31, 2012
The Agriculture Ministry is pursuing efforts to facilitate maritime transport to compensate for delays in land cargo through Syria, where the security situation has deteriorated significantly in the last few weeks.
A study shows that Muslim tourists globally represent a major niche market worth $126.1 billion in 2011 growing at a 4.8 percent through 2020, compared to global average of 3.8 percent.
Electricite du Liban warned Monday that the country could face a nationwide blackout if contract workers do not end their “takeover” of the state-run company’s headquarters in Beirut.
July 30, 2012
Despite enduring more than 40 years of bloody terror and dictatorship, a Libyan tourist organisation believes the country has what it takes to be the next top tourist spot.
The flow of Jordan’s exports to Syria has not yet been affected “considerably” by the ongoing violence sweeping the northern Arab state, but the Kingdom’s exports to Turkey and Europe through Syria have all stopped.
Economists and business leaders predict a bleak economic picture of Lebanon this year in light of falling foreign direct investments, plummeting tourism, a widening trade deficit and a war raging across Lebanon’s only accessible neighbor.
July 29, 2012
Over the next 15 years, the MENA construction sector will be a key beneficiary of the implementation of structural reforms to raise productivity of the non-oil sector.
Jordan’s medical tourism sector remains among the most robust in the Middle East but must address several challenges to retain its competitive, according to a sector representative.