May 23, 2012
Oman tops Mideast in consumer confidence At a score of 93.6, the Sultanate has the Middle East's highest consumer confidence score - a position it shares with Qatar, which holds an identical score.
The volatile situation in Syria has impacted the Lebanese economy, but the picture may not be as bleak as one may think, according to newly released economic data.
The uprising that overthrew former president Hosni Mubarak in February 2011 dealt a serious blow to Egypt’s vital tourism sector.
Restaurants that eagerly await Arab tourists and Lebanese expatriates every summer are once more paying a hefty price because of heightened security fears and advisories by some countries warning against travel to Lebanon.
Precious metals as an asset class will do very well and we will see new all time highs in both gold and silver over time.
May 22, 2012
Etisalat, the UAE’s largest Internet provider is cutting the price of its high-speed broadband Internet packages by up to 50 percent.
Iraq plans to build on its nascent gas sector to power a new petrochemicals industry, looking to foreign firms to invest $35-50 billion from 2017-2023.
According to the Arab Media Outlook, published by Dubai Press Club and Deloitte, there was a 10 percent decline in advertising spending last year, led by falls in Egypt.
There was significant demand for the U.S. dollar in some banks today, but this was not a rush.
The majority of oil and gas executives in the Middle East anticipate a looming talent shortage in all skill categories, the most pressing of which is in operations (81 percent), said a report.
When employees feel their work is flexible and that they can work from wherever they are, even after office hours, they can contribute more to their work and be more loyal.
May 21, 2012
In 2012, Islamic banking assets are expected to reach US$1.1tn globally, up 33 percent on 2010, according to Ernst & Young. Within just a few years, Islamic banking has transformed into a global industry.
Saudi Arabia has overtaken Russia as the world's biggest producer of oil for the first time in six years as the kingdom tries to compensate for declining Iranian exports and attempts to push crude prices lower.
According to the list of the 'Finance and Business', the specialised business magazine, the market capitalisation of Ezdan Real Estate Company reached $16,165,590,000 at the end of 2011.
The non-oil foreign trade sector in United Arab Emirates surged to nearly Dhs1 trillion during 2011, according to recent figures released by the Federal Customs Authority (FCA).