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August 16, 2012

Iran cut September crude-price differentials to customers in Asia, following a similar decrease by Saudi Arabia, the world’s largest crude exporter
11:29 GMT
OPEC crude output fell for a second month in July as Saudi Arabia cut production and Iran pumped less than Iraq for the first time in at least 20 years.
The study further highlighted that proximity and ease of movement of goods within the region had made the GCC countries the busiest export and re-export destinations for Dubai Chamber members
10:29 GMT
Saudi Arabia largest export and re-export market for Dubai Chamber members in first half of 2012 with a total value of Dh36.3 billion, a recent study developed by Dubai chamber of commerce and Industry said.

August 15, 2012

As an investor you always look at two things: upside and downside potential
13:22 GMT
Silver prices are more volatile than gold. And over the past five years gold has actually been a slightly better performer. The central banks hold gold, not generally silver.
The hotel’s properties across the UAE are “performing as expected”
13:20 GMT
Most leisure hotels also experienced slight occupancy drops, according to hoteliers and market experts, with Ramadan falling in the midst of summer this year.
The real estate sector performance is moving from strength to strength over the past two years
13:17 GMT
Indians have emerged as the top foreign property buyers in Dubai, ahead of their Pakistani and British counterparts, as foreign investors have injected more than Dh22 billion in the real estate sector in one of the largest cites in the United Arab Emirates.

August 14, 2012

Despite missing important capabilities, cloud services are attracting businesses willing to trade risk for the convenience and lower cost of not having to maintain or manage the applications
13:56 GMT
Compromises in security are necessary to make cloud services easy to use for non-technical consumers, experts have said.
Looking ahead, Lebanon should not be over-critical at the country’s slow pace and should remain realistic in its expectations
13:54 GMT
Criticism of the slow progress on inviting companies to explore for hydrocarbons in the waters off the Lebanese coast is becoming louder.
Omanis are also keen to bridge the gap between their educational preparation and job requirements, the survey noted
13:51 GMT
Omanis are reporting a growing disconnect between their job requirements and the preparation they have received for those requirements through their education, compared to foreign workers, according to the preliminary findings of Qudurat research.

August 13, 2012

Properties are starting to show owners net investment returns above the prevailing bank interest rates
15:06 GMT
The property market in Oman has seen strong peaks and troughs in recent years, but the future has never looked brighter, says one of the country's experts in property investment.
Suddenly, four of the world’s top 10 international oil companies by market value have set up shop in Arbil
15:00 GMT
Iraqi Kurdistan’s crude oil is plentiful and easy to get at. But the companies working there under contracts with the semi-autonomous Kurdistan Regional Government (KRG) are not getting much out.
The bourse rises 0.1 percent to 6,995 points, its highest close since May 29
14:55 GMT
Saudi Arabia's index advances to a fresh 11-week high, boosted by food stocks, but volumes slump as investors wind down ahead of the upcoming Eid holiday.

August 12, 2012

Electricity theft represents close to 30 percent of EDL’s losses
13:54 GMT
Electricite du Liban announced Friday that electricity production will start improving as of Monday in most Lebanese areas after the technical teams nearly completed maintenance work on some of the power plants.
MENA reported that the loan was agreed to on Saturday
13:17 GMT
The Qatar government has loaned Egypt $2 billion in an effort to assist Cairo in bolstering its struggling economy, the official state-run MENA news agency reported on Saturday.
It is indeed hard to get the daily or monthly trends right in markets
12:33 GMT
Gold and silver prices are showing signs of renewed life after a long trek sideways since the highs of last year.

August 9, 2012

Inflation in GCC countries has generally remained low
11:17 GMT
“Real gross domestic product growth in the GCC is seen dipping from 5.1 percent in 2012 to 3.5 percent in 2013, though the decline is largely due to a policy-driven cut in oil output from Gulf OPEC members”.