July 17, 2012
Oman has benefitted from tourism due to the high level of Omanisation in the tourism sector, the highest among GCC countries, according to an expert.
Food prices in Saudi Arabia are increasing as Ramadan draws closer, according to the latest NCB report.
The net profits for all commercial banks may fall by 5-8 percent if the economy and political situation continue to deteriorate.
July 16, 2012
Arab politics now faces two difficult tasks: One is economic recovery in urban areas. The second is critical as failure in this field may help extremist like the Salafis in the long term.
World oil demand growth will slow in 2013 from the already weak 2012, The Organisation of the Petroleum Exporting Countries (OPEC) said.
Lebanon ranked seventh in Middle East and North Africa in terms of attractiveness for upstream oil and gas investment, according to a recent report by the Fraser Institute, a public policy research organization.
July 15, 2012
Emerging market central banks have been the biggest official buyers of gold over the past year or so with total net central bank purchases the largest since 1964 last year at 445 tonnes.
The effectiveness of the Sudanese government’s austerity measures to contain an economic crisis, which have sparked protests in the capital and several towns, is yet to be seen, some economists say.
Bahrain's real estate market is passing through a critical phase and the situation is more serious.
Official data showed the UAE, the second largest Arab economy, was ahead of all other members of the GCC in terms of fuel prices and third only to Syria and Tunisia in the entire Arab region.
July 12, 2012
The Labor Ministry’s new plan to intensify Saudization in the limousine sector will not work well, according to industry sources.
As the volume and sophistication of malware attacks continues to increase, internet uses in the Middle East need to take proactive measures to protect themselves.
The Kingdom’s tourism sector showed signs of recovery in the first six months of 2012 after a year of decline in both revenues and visitor numbers, Minister of Tourism Nayef Fayez said on Wednesday.
July 11, 2012
The yellow metal touched a low of $1563.89/oz and closed at $1564.5/oz in yesterday's trading session.
New GCC study highlights an insurance profitability deterioration trend over the last four years across top 30 conventional insurers dropping from 28 per cent in 2007 to nine per cent in 2011.