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.
The commercial licensing regime in Saudi Arabia has traditionally reserved retailing and distribution activities for locally-owned companies,” says a new report from Jones Lang LaSalle, the real estate consultancy.
More than a third of the surveyed entities reported that the financial crisis had directly resulted in an increase in the likelihood of fraud.
December 12, 2011
The UAE has no formal system of VAT or corporate income tax but the report incorporated various different fees, charges and forms of taxation in its findings.
The statistics showed a rise in the number of passengers year over year by 1.54 percent with 5,208,179 passengers, including 746,470 in November 2011.
Global credit rating agency Standard & Poor’s is reviewing the ratings of 50 banks in the Middle East based on a new set of rating criteria adopted by the agency recently.
Naser Mohammed al-Belooshi, Executive Director of management services at the Bahrain Monetary Agency, the Gulf Arab state's central bank -said capital limitations would continue to seriously compromise the ability of Islamic banks to finance major international projects.
Innovation is the cornerstone of economic growth and success, for both the companies that innovate and the countries that embrace them.
The prime minister told Egyptians yesterday that the economic situation was worse than imagined and that austerity was needed to rein in the budget deficit.
December 11, 2011
The felling of trees that capture the heat-trapping gases responsible for global warming accounts for about 20 percent of the planet's greenhouse gas emissions, and studies show an acre (0.4 hectare) of forest is lost every second around the globe.
Daily-deal websites are turning to mobile commerce amid rising use of smartphones and fierce competition in the Middle East.
“Innovation goes hand in hand with entrepreneurship. It means seizing new opportunities. It means harnessing solutions that can address the pressing global energy and climate issues that we face today.
Earlier the Saudi government announced the development of a nuclear city to train and house the technical workforce that will be needed to achieve these ambitions.