Featured Articles

July 2, 2012

The ‘high-level sources’ confirmed that the freeze will remain “until investigations prove that multi-million deposits were earned through legal means
15:29 GMT
The Public Prosecution Department rejected an appeal submitted by 13 suspects who have been accused in the multi-million dinar cash deposits case to lift a freeze imposed on their bank accounts.
Over half of Middle Eastern workers (57%) will not be relaxing properly this summer holiday
14:35 GMT
Businesses need to urgently look at ways of increasing efficiency and productivity to save their staff from carrying work over into their personal time if they want to ensure that staff remains happy, healthy and productive.

July 1, 2012

Muscat’s categorical assessments meant that no unanimity existed, although that did not in and of itself, indicate that the project was in permanent abeyance
14:39 GMT
Bahrain and Qatar supported the proposal, while Manama stressed its urgency.
Lebanon’s insurance premiums accounted for 5.3 percent of total premiums in the MENA region in 2011, taking up the fifth highest share in the market after the UAE, Saudi Arabia, Morocco and Egypt
14:26 GMT
Global reinsurer Swiss Re ranked Lebanon the first in the MENA region and 46th out of 147 countries globally in terms of total insurance premiums to gross domestic product in 2011.
Libya is potentially important for companies in Dubai and the UAE as it offers fantastic opportunities
13:24 GMT
Libya needs everything. There is huge demand for goods, services and know-how from all sectors of the economy and Libya welcomes all to support its rebuilding efforts.

June 28, 2012

In Dubai, they found, “the quality of market data remains poor”
15:00 GMT
Dubai and Abu Dhabi are the most transparent real estate markets in the Middle East - but have a long way to go before they can match global leaders.
For his part, Prime Minister Najib Mikati said the rise of various wage and benefits protest movements at the same time “raises question marks about what is taking place on the ground.”
14:15 GMT
The Cabinet Wednesday failed to take action on a new set of salary scales for public sector workers, as top leaders said a spate of wage and benefits demands by state employees raised “question marks” about their timing.
Jordan’s economy is relatively small, which can achieve faster recovery
13:38 GMT
Jordan’s economy grew at a faster pace in the first quarter of 2012, prompting economists to forecast stronger performance for the entire year.

June 27, 2012

High-quality Emirati-made products, the promotion of the national industry and the strategic facilities offered to exporters have all played a significant role in increasing export volumes and expanding into more foreign markets
14:59 GMT
Dubai's non-oil foreign trade has seen a significant growth of 6.6 percent in the first quarter of 2012, reflecting the resilience and diversity of the UAE economy.
While transparency has improved in 80 percent of the markets across MENA over the past two years, these gains have been relatively modest and real estate markets in MENA remain less transparent than other global regions
14:40 GMT
Nearly 90 percent of markets have registered advances in real estate transparency during the past two years, driven by improving market fundamentals data and performance measurement, combined with better governance of listed vehicles.
Lebanon’s politically driven sluggish economic performance this year had affected the business
12:41 GMT
Lebanon remains ripe for industrial development despite economic slowdown in 2012, the chairman of FAP, a leading furniture and mattress manufacturer, told The Daily Star in an interview Tuesday.

June 26, 2012

Since 2000, there had been two times when energy shares lagged behind the S&P 500 for four months or more, according to data
13:45 GMT
At a time of record fuel demand, bountiful oil and natural gas, and expanding economies, no stocks are doing worse in the world than energy producers from BP to Hess Corporation.
The rents are likely to fall as supply in the residential rental market is set to continue to exceed demand
12:55 GMT
A top official of the General Secretariat of Development and Planning has said that house rents may decline further in Qatar because of supply exceeding demand.
Businessmen and investors seem receptive to the idea of passing the LL11.5 trillion extra-budgetary spending bill because the move would inject more cash into the market
09:50 GMT
The Parliament’s Finance and Budget Committee failed Monday to endorse a draft law to legalize over LL11.5 trillion ($7.6 billion) of extra-budgetary public spending for 2012, risking a return to spending crisis.

June 25, 2012

The fundamental aim of the exhibition and Gastech as a whole is to deliver technological knowledge and innovation, a key factor in propelling the global gas industry into the future
13:54 GMT
Touching upon all areas of the gas supply chain, the 12 CoTEs streams will feature content based on the upstream, midstream and downstream sectors.