December 11, 2011
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.
The chief executives of the biggest oil and gas companies told the World Petroleum Congress they must continue investing trillions of dollars to deliver energy in the longer term and called on governments to help.
The new golf course opened last week at the Wave Muscat is all set to boost Oman's ambitions to lure in more tourists into the country and expand its economy to create more employment.
December 6, 2011
International rating agency Moody’s downgraded Lebanon’s banking sector outlook from stable to negative, citing the unfolding events in neighboring Syria as one of the main reasons behind this step.
Iran hopes to raise its crude output to 5 million barrels per day (bpd) by 2015 from 3.5 million bpd currently, Deputy Oil Minister Ahmad Qalebani said on Monday, even as a tightening web of international sanctions squeezes its energy sector.