June 10, 2012
An eight percent drop in oil prices this year has delivered a quick fix to an industry severely damaged by record fuel costs.
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
The price of oil continues its decline, dipping below US$100 per barrel and casting a new light on budgets across the GCC.
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 jumped to test 30295 after the ECB kept rates unchanged and pledged to extend some of its liquidity providing operations.
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 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.
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 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.
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.
Without doubt Arab countries are committed to reinforce their role as major oil and gas producers.
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.
In banking, new instruments must be developed but they need to be standardised in order to be accepted.
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
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.