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June 10, 2012

Global airline industry profits halved in 2011 to $7.9 billion and are expected to halve again this year
09:51 GMT
An eight percent drop in oil prices this year has delivered a quick fix to an industry severely damaged by record fuel costs.
The economies of both countries have been severely affected by the stoppage
08:15 GMT
South Sudan said Friday it was increasing taxes and customs duties, apparently in an attempt to fill the gap in the country's budget deficit after the closure of the oil production earlier this year.

June 7, 2012

Multibillion-dollar spending plans for social housing, infrastructure or tourism were supported by a resurgent oil price, with Brent averaging $107 a barrel last year, according to calculations by Reuters
15:00 GMT
The price of oil continues its decline, dipping below US$100 per barrel and casting a new light on budgets across the GCC.
In five to eight years Facebook is going to disappear in the way that Yahoo has disappeared
15:00 GMT
Facebook will become something of a has-been within five to eight years, according to one analyst. And while that assertion has raised a ruckus online this week, other industry analysts wouldn’t be shocked if the prediction comes true.
Gold also climbed on the possibility the Fed will consider more action to stimulate growth in economy
15:00 GMT
Gold jumped to test 30295 after the ECB kept rates unchanged and pledged to extend some of its liquidity providing operations.
In 2011, Qatar, Kuwait, UAE and Bahrain were among the top ten countries in the world by proportion of millionaire households
09:40 GMT
Private financial wealth in Middle East and Africa grew by 4.7 percent in 2011, according to a new report by The Boston Consulting Group (BCG).
The GDP in oil activities grew by 36.3 percent in 2011
08:53 GMT
The Omani economy benefited from the boom in oil prices, with the Gross Domestic Product (GDP) registering a rise of 22.7 percent at the current prices in 2011.
Large employers are extremely well positioned to create jobs and contribute to national workforce development
08:17 GMT
Political and economic reform is needed in the Middle East to address the region’s chronic problem of youth unemployment, according to two reports released by the World Economic Forum (WEF).

June 6, 2012

The aim of the initiative is to develop events and activities that support the concept of sustainable tourism and reflects the interest of government departments in the preservation of the environment and to highlight their role and their social responsibility
16:00 GMT
The Dubai Department of Tourism and Commerce Marketing (DTCM) has launched a new initiative to improve the service standards and excellence in the green tourism industry.
The whole three global currencies face significant different challenges
15:00 GMT
Currency uncertainties are an increasing concern for businesses from the real economy due to the rapid integration of global trade and capital flows over the past decades.
Increased production capacity is vital to satiate an energy hungry world
15:00 GMT
Without doubt Arab countries are committed to reinforce their role as major oil and gas producers.
Two years ago the UAE considered phasing out generous subsidies that mean both citizens and the larger immigrant population only pay $0.47 for a litre of gasoline
11:39 GMT
The combined losses of the four UAE state-owned retailers:Enoc; Eppco; Emarat; and Adnoc, are estimated at Dh8.5 billion ($2.31 billion) in 2011, expected to reach Dh12 billion ($3.27 billion) this year.
An organised Salam market, would allow for new forms of Sukuk to develop
11:28 GMT
In banking, new instruments must be developed but they need to be standardised in order to be accepted.
Oil revenues initially accounted for nearly 98% of South Sudan's annual budget
09:48 GMT
South Sudanese will have to dig deeper into their pockets, after statistics released by the country national bureau of statistics indicate annual inflation increased to a staggering 80 percent in last month.

June 5, 2012

Understanding what content and website features remain hidden from users with smaller browser windows is important for publishers
15:00 GMT
Google Analytics now detects the browser size of website visitors, a new metric that has gained relevance as the variety of internet-connected devices has increased in recent years, the company said yesterday.