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.
The soaring cost of key commodities in Dubai is forcing shoppers away as majority of expats say that the prices here now equal to the prices in their home countries.
The education market in the Middle East and North Africa (MENA) could be as high as $75.3 billion (Dh376 billion), Al Masah Capital said in its latest report.
December 8, 2011
The Middle East crude market fell on Thursday, with offers for February loading Murban heard at a premium of around 10 cents a barrel to the official selling price (OSP), lower than levels seen last month.
Chairman of Jordan’s Chamber of Commerce Nael Kabariti said on Wednesday that Jordan will be the first victim and “big loser” from economic sanctions imposed on Syria by the Arab League.
Moody’s has cut expectations for Lebanon's real GDP growth to 1.5 percent for 2011, from 2.5 percent earlier in the year, and to 3.5 percent for 2012, from five percent.
The UAE’s economy and the banking system are well positioned to withstand any global economic downturn resulting from Europe’s debt crisis, said Jonathan Morris, chief executive officer of Standard Chartered Bank in the UAE.
Business Monitor International (BMI) warned the Lebanese government against any populist plans such as raising the minimum wage as this would affect the overall economic growth in the country.
December 7, 2011
The recognition of the small and medium enterprises (SMEs) as an important engine for economic growth began with the setting up of the Shaikh Mohammad Bin Rashid Establishment for SMEs (MBRE) in 2002.
One of the world's largest cruise ships is set to make the first of its 14 visits to Bahrain on December 14, ending months of speculation about whether the cruise tourism industry would take off after being suspended following the unrest.
The Dubai government and its state-owned entities have come a long way in tackling its maturing debt during the last two years, with the government now facing significantly lower liabilities, rating agency Moody’s Investor Services said yesterday.
Wanda Engel Aduan, executive superintendent of Instituto Unibanco, stressed that due to the global economic and financial crisis, many families have been gravely affected.