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June 18, 2012

Cabinet members underscored that the recent economic decisions were aimed at correcting loopholes in the state’s finances
08:45 GMT
The government on Saturday said that the economy has started showing signs of recovery, thanks to a series of austerity measures that saw hikes in fuels and prices of other commodities.

June 17, 2012

The initiative comes after the Industry and Commerce Ministry called for serious efforts to be taken to encourage Bahrainis to work in the sector
15:00 GMT
Authorities could finally decide on the Bahrainisation level needed in the gold and jewellery sector.
The rate of unemployment is expected to rise in the Middle East from 10.2% in 2011 to 10.5% by 2013
15:00 GMT
While job seekers are scouring the internet and classifieds on the hunt for jobs, scammers are doing the same thing, except they’re on the hunt for unsuspecting victims.
MFS has introduced the highly insightful and easy to use “One Account- All markets” concept with the lunch of DUTrade creating multiple levels of investment opportunities for individual traders
15:00 GMT
Qatari stock market investors can access around 35 stock markets across the world using the same account through a new service named Mubasher DUTrade launched by Mubasher Financial Services (MFS) recently.
After the training, trainees should have ample time and opportunities to use what they have learned in the real world with real feedback
12:42 GMT
A new study has revealed that "training and development activities allow organizations to adapt, compete, excel, innovate, produce, be safe, improve service and reach goals in the workplace environment".
Since commodities are available at all major outlets, there is no need to hoard or to rush purchases at any time of the year as this will affect the supply and demand formula
09:36 GMT
The UAE will fix the prices of 1,650 basic commodities until the end of 2012 after the Consumer Protection Department (CPD) reached an agreement with 320 outlets and cooperative societies.
The market was also supported by hopes that the United States Federal Reserve would step in with new stimulus measures to bolster the world's largest economy, traders said
08:34 GMT
Oil prices rose yesterday after OPEC vowed to eliminate overproduction in order to stick by its output ceiling and boost its members revenue.

June 14, 2012

Increased uncertainty will add to pre-existing headwinds from budget cutting, banking-sector deleveraging and developing country capacity constraints
16:47 GMT
Global capital market and investor sentiment are likely to remain volatile over the medium term – making economic policy setting difficult.
The enterprise segment in the MEA market still displays very traditional purchasing behaviors
15:00 GMT
The largest proportion of storage hardware spending is centered around a few key countries that have a high adoption rate of the latest data center technologies, such as South Africa, Turkey, Israel, UAE, Egypt, Nigeria and Saudi Arabia.
There is no Lebanese economic crisis
15:00 GMT
The Lebanese economy is on the way to recovery, Economy Minister Nicolas Nahas said Wednesday.
The group's biggest producer, Saudi Arabia, is pumping near its highest level in three decades and said on June 11 that there may be a need to boost the target
13:54 GMT
Divisions within OPEC signal the group will probably keep its crude production ceiling unchanged today as falling prices limit Saudi Arabia's ability to justify a higher quota.
The yellow metal touched an intraday high of $1624/oz and closed at $1617/oz in yesterday's trading session
13:40 GMT
Gold headed for the longest rally since January trading above $1610 indicating $1630.
Sanctions are not ineffective
09:01 GMT
International sanctions have forced Iran’s industrial and trade sectors to change the way they do business, according to exhibitors taking part in the “Made in Iran” expo which kicked off in Beirut Wednesday.

June 13, 2012

The government and the ministry support all initiatives that enhance the economy
18:30 GMT
The government was taking all concrete steps to meet the Kingdom's cement demand through co-ordination with parties concerned, including those outside, particularly in Saudi.
The deficit registered in the first four months of 2012 is the result of a decline of $1.828 billion in net foreign assets of Lebanese commercial banks, as well as an increase of $912 million in net foreign assets of the Central Bank of Lebanon
18:10 GMT
Financial inflows to Lebanon saw a significant increase over the first four months of 2012. But the growth was still not enough to cover the trade deficit.