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January 8, 2015

The report noted that 62 percent of Turkish consumers are not able to routinely increase their savings
04:55 GMT
Parallel to the savings problem, Turkey has the highest figures in Europe in terms of the ratio of credit card debt to the gross domestic product (GDP), with 53 percent.
Since June last year, oil has lost around 55 percent of its value on a production glut, weak demand and a strong US dollar.
23:42 GMT
Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and global markets were dragged down by a gloomy outlook for crude.

January 7, 2015

AlDughaim added the Kingdom is yet to realize the economic value of tourism.
15:43 GMT
At least 4.5 million Saudi tourists spend over SR80 billion ($20 billion) every year when they go abroad and six times as much as their Western counterparts.
Noble and Delek are the largest stakeholders in Israel's two main gas fields - Tamar.
04:55 GMT
New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk.

January 6, 2015

Pakistan has suffered an estimated loss of  $102 billion and 60,000 civilian and 6,000 army deaths in 13 years of war against terror.
21:23 GMT
Pakistan’s high growth and economic expansion will boost its business relations with the UAE and globally during fiscal-2015.
In Amman, 24,871 transactions were for apartments and 18,515 for land while in other governorates  11,337 were for apartments and 50,920 for lands.
17:04 GMT
Real estate trading last year registered a record JD7.76 billion, 22 per cent higher than the amount in 2013 when it stood at JD6.34 billion.
"Market prices of cotton are currently low; without the subsidy, farmers will not be able to sustain the cost of planting cotton," he concluded.
15:39 GMT
The Egyptian government has decided to no longer subsidise farmers planting cotton effective the upcoming growing season.
Yet that hope is based largely on quarterly company reports from several months ago, when drillers last made their hedging portfolios public.
01:26 GMT
OPEC’s biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices – hedges.

January 5, 2015

The study outlines a few challenges that are hindering the GCC’s ability to emerge as a meetings destination.
14:22 GMT
GCC countries are in an excellent position to become a global meetings hub because of their growing trade activity.
A key point in any agreement would be the lifting of wide-ranging sanctions -- imposed on Iran as punishment for its atomic activities.
04:55 GMT
Speaking at an economic conference in Tehran, he said the Islamic republic would not give up its principles but it would be better placed to conclusively emerge from recession if it opened up

January 4, 2015

Analysts believe the move could lead to over 1 million barrels of ultra-light US crude entering the global markets.
16:05 GMT
Oil markets plunged further — sinking below $53, a level last seen during the Great Recession —as sun was setting on 2014.
Al-Sisi targeted a 7% gross domestic product (GDP) by FY 2017/2018.
10:38 GMT
President Abdel Fattah Al-Sisi made several economic promises to Egyptians prior to his election.

January 1, 2015


Recent solid data has reinforced the view that the US economy is improving enough for the Federal Reserve to consider raising interest rates in mid-2015.
12:06 GMT
The dollar was on track Thursday to end 2014 with a gain of 12 per cent against a basket of major currencies.
The question is, who is responsible for the price war that has led to the collapse in prices over the past two months?
11:58 GMT
To pin the current price slide on any one party is detrimental to finding solutions

December 31, 2014

Meanwhile, Qatar was the only GCC country where prices for food and beverages decreased in October 2014 by 0.6 percent,  compared to October 2013.
17:56 GMT
Inflation rates across the Gulf Cooperation Council (GCC) region ranged between 1.02 percent and 3.11 percent in October 2014.