July 26, 2012
Allocating more funds for the salary hike will cost the treasury an additional $1.2 billion, causing the deficit to rise much higher than the projected 26 percent at the end of 2012.
July 25, 2012
One of the most surprising indicators of how much demand for Sukuk has rebounded is that the Dubai sovereign Sukuk - issued by the very sovereign that was at the centre of a storm in December 2009 - has seen its yield drop from 6.396 percent when it was issued to just 3.2 percent yesterday.
South Sudan's annual inflation increased by 74% from June 2011 to June this year, while the country witnessed an upsurge in consumer price index by 1.7% from May 2012 to June.
In the Middle East, UAE is number one for online job opportunities as the country registered a robust annual growth of 33 percent, according to the latest edition of the Monster Employment Index.
July 24, 2012
Real estate and banking officials told Arab News that Saudi Arabia would offer a bunch of facilities to investors in a bid to attract more foreign investment.
According to a new study, the Middle East luxury market will grow by 15 percent this year leading the strong performance of the worldwide luxury market.
According to a new study, many employers are using Facebook profiles of job candidates to filter out weaker applicants based on perception of lifestyle, attitudes and personal appearance.
July 23, 2012
Securing strategic oil storage space at Fujairah has been a top priority for oil producers and trading houses.
The wealthiest people in the world have hidden a staggering 21 trillion dollars or more in offshore accounts, according to a report.
About 10,000 Syrians crossed into Lebanon Saturday through Lebanon’s main border crossing in Masnaa. The influx came days after a record 30,000 entered the country in the wake of heavy fighting in several neighborhoods in and around Damascus.
July 22, 2012
The Development Zones Commission (DZC) predicted on Saturday that tourism investments at the Dead Sea will reach JD300 million this year.
While caution may be advisable over the short-term, there are many good reasons to invest in equities in the long-term to boost savings.
Dwindling electricity supply presents a major setback to economic growth, economists said as local businesses in and around the capital complained that the power crisis had become “unbearable.”
July 19, 2012
The Iranian government will provide insurance coverage for foreign ships entering its territorial waters, the managing director of the port authority said.
A top official from the World Trade Organisation (WTO) admitted yesterday that efforts to conclude the long-awaited Doha free trade deal look doomed until the global economy picks up.