October 26, 2011
Post-revolution Egypt will release a new mining code within a year designed to attract investors to its vast gold reserves in the Western Desert, previously neglected by the previous regime for political reasons, said Fekry Yousuf, Chairman of the Egyptian Mineral Resources Authority (EMRA).
Sun-drenched Kuwait, a desert nation with no solar-power plants and electricity demand that’s growing about eight percent a year, has set the most ambitious target for using renewable energy in the Gulf region.
Iraqi energy officials are currently studying the feasibility of supplying the Kingdom with natural gas, Hariri said, with energy officials holding out hope for an agreement to be struck by early next year.
As the world's population is expected to reach nine billion by 2050, there will be an extra 2.5 billion mouths to feed, meaning overall food production needs to be raised by 70 percent.
The world’s largest livestock ship arrived at Jebel Ali port yesterday with approximately 11,000 heads of cattle from Australia onboard ahead of Eid Al Adha.
Lebanon’s Parliament approved in August the long-awaited capital market and insider trading laws that are seen as crucial to revitalizing the financial market.
October 25, 2011
Gold opened in Asia today at $1653.42 per ounce, recording the highest at $1659.40 and the lowest at $1643.31, and is trading now near the opening level around $1654.12 per ounce.
The UAE’s non-oil foreign trade increased 22 percent year on year from January to the end of June, according to a statement by the Federal Customs Authority (FCA).
Providing Haj services has enabled a number of travel and tourist agencies to compensate some of the financial losses they have incurred since the influx of Western tourists has sharply dwindled following the political incidents in the country, said Ashraf Shiha, deputy chairman of the chamber of Egypt's travel and tourism agencies.
Emirati unemployment started around 1995 and for the past 15 years it has been growing. And this challenge continues. The population is increasing and this contributes to an increasing unemployment trend, which creates a complex situation.
Corruption and corporate fraud is costing companies and governments about $40 billion dollar a year and is increasing globally, a World Bank and United Nations joint report said.
Failure to obtain a Cabinet and Parliament endorsement for the draft budget would further erode the remaining confidence in the government of Prime Minister Najib Mikati, who is already struggling to avoid the wrath of the United Nations over the funding the highly controversial Special Tribunal for Lebanon.
October 24, 2011
“The biggest challenge facing the Arab world … is better governance and investing in education that allows us to compete and raise living standards,” said Mohammad al-Shaya chairman of Kuwaiti Shaya group.
The Gulf Cooperation Council (GCC) has achieved many milestones since its founding and is well on its way to achieving the visions and hope of the GCC states, Obaid Humaid Al Tayer, the UAE’s Minister of State for Financial Affairs, said here yesterday.
Business leaders and civil society activists left the final session of the World Economic Forum’s Special Meeting on the Middle East with a strong sense of optimism, despite the major problems with which the Arab world is wrestling in the aftermath of the Arab Spring.