November 29, 2011
Brent fell below $109 on Tuesday after posting its largest gains in a month in the previous session as investors took profits and watched keenly to see how Europe would tackle its debt crisis at a meeting later in the day.
Syrian citizens will be hurt by the sanctions as they already face oil and gas shortages and increases in prices of commodities,” Dr. Abdul Hamid Radwan said, a leading economist in the UAE Ministry of Foreign Trade. “The situation in Syria is getting very critical.
November 28, 2011
As the Bahraini government is faced with a growing shortfall of affordable housing, currently estimated at 40,000 units, it must react quickly and efficiently to meet the soaring demand.
The contribution of the private sector to the Abu Dhabi economy is far less than expected, according to a top government official.
Arab League sanctions on Syria threatens its drive to become a thoroughfare for Middle East oil and gas.
Recent events in the Middle East accentuate the strategic value UAE’s ports and logistics sector play in the global movement of goods.
The global oil market looks balanced, Saudi oil minister Ali Al Naimi indicated, while the secretary general of the Organization of the Petroleum Exporting Countries (OPEC) said some producers need to cut back as Libyan output rebounds.
Until the violence began Syria was enjoying a resurgence in its tourism industry. The effects of the sanctions could spread across the border to Lebanon and Jordan.
November 27, 2011
The plan aims at decreasing the country's dependence on oil but also includes investment on raising oil and natural gas production.
By severing gas supplies earlier this month, the seventh act of sabotage this year on the Arab Gas Pipeline exposed the weakness of Jordan's energy sector, which relies on Egyptian gas for over 80 percent of its electricity needs.
Vast areas of lands behind the barrier have been wrecked by the pigs, and the frustrated farmers are set to abandon them. Many farmers have already left after incurring losses.
Microsoft has reportedly examined an option in which it would contribute billions of dollars to an acquisition alongside the private equity firms.
According to official data from the Central Bank of Oman, there was no change in inflation in the housing, electricity and water component of the CPI over the second quarter of 2011 versus a 14.8 percent decline over the third quarter in 2010.
The region’s stock markets are likely to come under selling pressure this week following weakness in international oil prices amid a deepening Eurozone debt crisis.
November 24, 2011
The kingdom aims to raise total loans to small-and-medium businsesses to 300 billion riyals ($80 billion) in five years from about 15 billion riyals now, according to the Saudi Credit Bureau.