June 5, 2012
Despite the dangers of overconsumption by way of debt, the tendency to consume rather than save is valued very highly by most economists, who perceive a circular flow of income whose momentum must be sustained.
Experts believe the government should have limited hikes in power prices on large businesses and high-income earners in order to keep inflationary pressures under control and not to affect economic growth.
June 4, 2012
Saudi Arabia, the top oil exporter, saw a high oil price as counter productive and has been raising output saying repeatedly it wanted prices of around $100 per barrel.
The Department of Economic Development (DED) said that some shoddy stores are trying to lure shoppers - especially tourists - with promises of bumper 75 percent discounts.
The computer malware known as “Flame”, which recently infected computers across the Middle East and North Africa, has not affected public or private institutions in Jordan, according to government officials and private sector experts.
June 3, 2012
Some of the world's major economies are faltering or shrinking, with Chinese factory output barely growing and powerful European manufacturing countries falling deeper into malaise.
The Middle East and North Africa region remains a key market for business jets despite economic slowdown and instability.
Eight out of every ten respondents (81.6 percent) claim that the potential for social media to damage a company’s reputation is one of the biggest challenges to overcome.
There will not be any sustainable solution to the global economic crisis unless the level of unemployment is radically reduced in both developed and emerging countries.
Qatar is set to issue a new tourism law this month aimed at giving Qatar Tourism Authority (QTA) more teeth to establish infrastructure ahead of the 2022 Football World Cup scheduled to be held in Doha, a top-ranking QTA official told Gulf News.
Investors can succumb to irrational behaviour, which can compound their losses and destroy the value of their investments.
May 31, 2012
The Kingdom's tourism sector lost around JD700 million in real and potential revenue last year, the government said on Wednesday.
As industry experts gathered at this year’s Arabian Hotel Investment Conference (AHIC), one message was clear: now is the right time to invest in the Gulf’s growing hotel industry in the UAE, the Kingdom of Saudi Arabia and Oman.
Banque du Liban Governor Riad Salameh said Lebanese banks will comply with Basel III recommendations three years before a 2018 deadline.
The irrefutable benefits of sustainability in the Middle East hospitality industry, has once again been bought to the fore by internationally-recognised Green Globe Certificate (GGC).