November 22, 2011
“The transport and logistics sectors represent an important part of the UAE economy, comprising 10.4 percent of non-oil GDP,” Nabeel Ebrahim, Abu Dhabi University Chancellor, said.
According to the Central Administration of Statistics (CAS), which is under the jurisdiction of the prime minister’s office, the consumer price index between October and September 2011 went up by 0.7 percent.
November 21, 2011
Saudi Arabia, Kuwait and the United Arab Emirates have raised their production over the last few months to compensate for the loss of Libyan supplies and prevent high prices dampening economic growth after failing.
About 29 percent of internet users in the Emirates have bought goods or services using smartphones, compared with 26 percent using PCs, according to a study by the research firm TNS Global.
The Treasury and its partners in Europe and the Middle East are focusing on more than a dozen Lebanese banks that hold branches in Damascus, according to the newspaper Saturday.
The economic experts expressed hope that the Kingdom will not take part in enforcing the expected economic sanctions by the Arab League against Damascus to stop an eight-month violent crackdown on protesters.
Egypt’s benchmark index tumbled to a six-week low Sunday after renewed street violence in Cairo and in other cities, and Kuwait fell after protesters stormed its parliament.
The Gulf Cooperation Council (GCC) initial public offering (IPO) market continues to remain sluggish with only two listings in the region in the third quarter of 2011 as compared to the three in the second quarter, says PricewaterhouseCoopers (PwC).
November 20, 2011
In order to rank countries based on the aforementioned criterion, the study involves recording the taxes and mandatory contributions that a medium-size company must pay in a given year, as well as measuring the administrative burden of paying taxes and other contributions.
Within days, Prime Minister Abdul-Rahim al-Keib will name a new government that will have the tough task of asserting the National Transitional Council’s control of a fractured country, reviving the economy and introducing democracy.
The question is whether this latest step of The Arab League against the President Bashar Assad regime, which has killed more than 3,500 citizens since the spring, will lead to more concrete changes in Syria.
Analysts say there are very few signs the European Financial Stability Fund or the European Central Bank will have the funding or mandate to provide the financial support that the Eurozone needs to dampen the crisis.
Pipeline bombings by Islamist groups have cut off Israeli gas supplies from Egypt, forcing the Jewish state to seek up to one million tonnes of gasoil on the international market to secure its energy needs for 2012.
The sharp drop in the gold and silver price last week to around $1,720 and $32 respectively, in the context of rising eurozone yields and falling global stock markets is setting the scene for a 2008-style correction.
November 17, 2011
Bahrain's economy is likely to have a stronger recovery during the second half of 2011 as some sectors have already picked up economic activity, in particular manufacturing and to some extent the finance sector.