July 23, 2012
About 10,000 Syrians crossed into Lebanon Saturday through Lebanon’s main border crossing in Masnaa. The influx came days after a record 30,000 entered the country in the wake of heavy fighting in several neighborhoods in and around Damascus.
July 22, 2012
The Development Zones Commission (DZC) predicted on Saturday that tourism investments at the Dead Sea will reach JD300 million this year.
While caution may be advisable over the short-term, there are many good reasons to invest in equities in the long-term to boost savings.
Dwindling electricity supply presents a major setback to economic growth, economists said as local businesses in and around the capital complained that the power crisis had become “unbearable.”
July 19, 2012
The Iranian government will provide insurance coverage for foreign ships entering its territorial waters, the managing director of the port authority said.
A top official from the World Trade Organisation (WTO) admitted yesterday that efforts to conclude the long-awaited Doha free trade deal look doomed until the global economy picks up.
Most Arab investors are fed up with Lebanon’s deteriorating political and security situation and are either putting their investments on hold or simply withdrawing from the Lebanese market.
July 18, 2012
Technically market is getting support at 52483 and below could see a test of 52075 level. And resistance is likely to be seen at 53185 a move above could see prices testing 53479.
Faced with new challenges posed by major offshore gas discoveries, Israel is looking to significantly increase its military presence on the high seas in a bid to protect its economic waters.
The majority of Lebanese people have a grim outlook on their national economy's performance, a U.S. survey group said.
July 17, 2012
Oman has benefitted from tourism due to the high level of Omanisation in the tourism sector, the highest among GCC countries, according to an expert.
Food prices in Saudi Arabia are increasing as Ramadan draws closer, according to the latest NCB report.
The net profits for all commercial banks may fall by 5-8 percent if the economy and political situation continue to deteriorate.
July 16, 2012
Arab politics now faces two difficult tasks: One is economic recovery in urban areas. The second is critical as failure in this field may help extremist like the Salafis in the long term.
World oil demand growth will slow in 2013 from the already weak 2012, The Organisation of the Petroleum Exporting Countries (OPEC) said.