November 10, 2011
Research data suggests that the UAE will see a large jump in food imports to $8.4 billion by 2020, a 133 percent increase from the $3.6 billion last year.
In an exclusive interview with Gulf News, they pointed to the giant achievements the country is witnessing under the leadership of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, which they said complemented the unprecedented success which started under late Shaikh Zayed Bin Sultan Al Nahyan.
World oil demand is expected to rise to 92.9 million barrels per day by 2015 in OPEC’s reference case presented in the report, up 1.9 million bpd from last year’s forecast.
The merchant associations in Hamra and Burj Hammoud warned Tuesday that raising the VAT from 10 to 12 percent would have catastrophic results on businesses.
Young Saudis make the most of the pilgrimage season and try to acquaint themselves with the cultures and traditions from where the pilgrims come from.
November 9, 2011
Saudi Oil Minister Ali Al-Naimi said in early June the kingdom would produce all the oil needed after OPEC talks over a coordinated output increase to make up for the shutdown of Libyan oilfields collapsed in Vienna.
Regional uprisings and lackluster economic growth in Lebanon are likely to continue weighing heavily on Lebanese stocks this week, after the bourse performed dismally last week, analysts told The Daily Star.
Hotels across the Middle East and North Africa (MENA) are reporting a bounce-back in occupancy following a slow Ramadan according to a recent report conducted by MKG Hospitality.
The project’s infrastructure strategy will have the Grand Mosque as its focal point,” the prince said. An essential part of Haj and Umrah services is the transport facilities, the prince added.
Numerous wedding halls have been badly affected by illegal roadblocks and disruption caused by anti-government protesters and extra security measures brought in to stop them.
Restaurants, cafes and shops in Beirut’s Central District, which has experienced slow business in the past few months, saw a steady rise in the number of customers during the Eid.
November 5, 2011
The Ministry of Commerce too has noticed an increase of fraud cases against jewelry shops in the Kingdom. Some of the tricks that traders use are easily detected, while others are quite sophisticated and cannot be discovered quickly.
November 3, 2011
One of the factors contributing to this disparity can be attributed to the higher ownership of smartphones among males versus females in the region, with these devices offering easy, anytime access to social media.
Retail sector sales in the Gulf states are expected to grow at a CAGR of 8.3 percent between 2010-2015, reaching $240.3 billion by the end of the forecast period, a report said.
Millions of unemployed youths, with little hope of work, and no education, and a possible inclination to radical answers would indeed be a serious threat to any society. But millions of well-educated 20-somethings, heading for 21st century jobs in new technologies, would be a terrific asset to any Arab state.