October 30, 2011
Despite efforts to diversify the UAE’s sources of income, revenue from oil exports will still be the pivot around which its economy will revolve for several decades, experts say.
October 29, 2011
It is not sufficient to raise salaries, and it is equally important over time to provide affordable and quality medical care and social benefits for all citizens. It will take a long time for those benefits to be provided at a satisfactory level.
October 27, 2011
The Dubai Government has started implementing some development projects after restructuring its investment arms and recapitalising financial institutions.
The massive structural changes in the global economy present three great employment challenges worldwide, with different countries facing their own variants.
For the first time, the Department of Economic Development (DED) in Dubai, is contemplating allowing companies that are licensed in free zones to operate directly - both inside and outside the free zone.
Analysts said yesterday the failure of Europe to arrive at a quick solution on the sovereign debt crisis and recapitalisation of banks, and the threat of slow down in emerging markets like China could adversely impact economic growth of Middle East economies.
Israel Wednesday warned oil and gas companies to speed up exploratory drilling in the Mediterranean Sea so they meet their agreed timetables or risk forfeiting their licenses.
The concerted marketing and advertising effort to woo the Arab traveller to visit the UAE during summer and offer distractions from the socio-political situation in the wider region has shown up in the third quarter advertising spend numbers.
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.