November 5, 2012
The 'meteoric' rise of property prices in Oman from the past six years cannot be sustained and experts are predicting a crash that would leave many investors in the lurch.
Will Gulf states with oil-dependent economies run out of luck? Doomsday scenarios are always popular, especially when they are about countries that are perceived as smug and self-satisfied about their past economic performances and future prospects.
November 4, 2012
A seminar organised by the Lebanese Economic Association LEA in partnership with the Friedrich Naumann Foundation had this advice to give the Lebanese on pulling themselves out of crisis-mode: Watch Europe's crisis and learn. The impact of the European financial crisis on Lebanon has been minimal, yet Lebanon can learn from the Euro-zone.
A sneak Israeli preview on Iran: Is Ahmadinejad taking a nuclear time-out to champion the Shia Spring?
Israel is probably the most concerned country regarding Iran’s nuclear efforts, and that’s why it follows Iran’s every move relating to nuclear proliferation with meticulous attention. Minister Ehud Barak has leaked insights into an Iranian delay on nuclear armament as the Persian power it focuses on in the Shia 'cause' of the region.
man piles on the pounds: not as a fat sultanate to challenge obesity in Qatar but adding members to its rich Sultan club, acquiring 225 new millionaires in 5 years. Topping the fat cat pile, riches come from oil and gas, then down the scale wealth is drawn from property and other industry sell-outs.
November 1, 2012
Most new businesses need finance, and most venture capital firms are looking for a good investment. So why is it so hard for startups to get funding, and why do Venture Capitals say they don’t get good business plans?
The Jordanian government is weighing options ranging from restricting the number of vehicles on the Kingdom’s roads to timed blackouts in order to confront what officials are calling an emerging “fuel crisis”.
President Mohamed Morsi received on Tuesday 30/10/2012 President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti.
October 31, 2012
The Eurozone crisis that has beset European countries that use the Euro, caused by dangerous lending and cheap credit, has had a dramatic impact on the continent, but so far it the contagion has been contained to affected nations, but it could soon be lapping at the shores of Lebanon.
The Omani economy is set to grow by five per cent in 2012, according to latest figures by the International Monetary Fund, although growth is expected to slow in 2013 as GCC countries face a slowing global economy beset by the potential 'fiscal cliff' in the US, the Eurozone and a slowing Chinese economy.
People have long called for a boycott of goods made in Israeli settlements in Palestine, and now 22 Non-governmental Organisations (NGOs) have demanded that the European Union bans all imports from the settlements.
While the devastating civil war is raging in Syria resulting in a human toll of 40,000, Dubai Chamber of Commerce and Industry is looking to the future and is set to hold a conference looking at the economic planning in a 'post-Assad era'.
Market economies are likely to prevail in countries affected by the Arab Spring despite calls for widespread change, according to economists and academics gathered at a Tunisian conference.
International sanctions are forcing Iran to cut back aid to its anti-Israel Hezbollah allies in Lebanon, but the Lebanese group remains a potent force, a top Israeli military official said Monday.
October 30, 2012
The gold industry in Dubai has taken a substantial hit over recent months, as Indian authorities have ramped up duties on imports, losing 30 per cent over three-months, but the festival of Diwali could provide a glimmer of hope for the markets.