August 1, 2012
Ramadan is more of a prompt for Gulf citizens to stay at home rather than venture overseas. Ernst & Young’s data bears this out.
A range of projects that span the Middle East have been chosen among the 100 most innovative and inspiring urban infrastructure projects in the world, in the second edition of KPMG’s Infrastructure 100 report.
July 31, 2012
The Agriculture Ministry is pursuing efforts to facilitate maritime transport to compensate for delays in land cargo through Syria, where the security situation has deteriorated significantly in the last few weeks.
A study shows that Muslim tourists globally represent a major niche market worth $126.1 billion in 2011 growing at a 4.8 percent through 2020, compared to global average of 3.8 percent.
Electricite du Liban warned Monday that the country could face a nationwide blackout if contract workers do not end their “takeover” of the state-run company’s headquarters in Beirut.
July 30, 2012
Despite enduring more than 40 years of bloody terror and dictatorship, a Libyan tourist organisation believes the country has what it takes to be the next top tourist spot.
The flow of Jordan’s exports to Syria has not yet been affected “considerably” by the ongoing violence sweeping the northern Arab state, but the Kingdom’s exports to Turkey and Europe through Syria have all stopped.
Economists and business leaders predict a bleak economic picture of Lebanon this year in light of falling foreign direct investments, plummeting tourism, a widening trade deficit and a war raging across Lebanon’s only accessible neighbor.
July 29, 2012
Over the next 15 years, the MENA construction sector will be a key beneficiary of the implementation of structural reforms to raise productivity of the non-oil sector.
Jordan’s medical tourism sector remains among the most robust in the Middle East but must address several challenges to retain its competitive, according to a sector representative.
A minimum wage high enough to provide decent living conditions for workers and their families, paying for their basic needs, would do wonders to the economy.
July 26, 2012
Saudi Arabia will take the lead in terms of construction spending in the MENA region as the Kingdom responds positively to pressing social needs such as labor, housing and education.
The study said the joblessness problem among the young generations is “more acute” than the rate among other groups.
Allocating more funds for the salary hike will cost the treasury an additional $1.2 billion, causing the deficit to rise much higher than the projected 26 percent at the end of 2012.
July 25, 2012
One of the most surprising indicators of how much demand for Sukuk has rebounded is that the Dubai sovereign Sukuk - issued by the very sovereign that was at the centre of a storm in December 2009 - has seen its yield drop from 6.396 percent when it was issued to just 3.2 percent yesterday.