Featured Articles

April 30, 2012

A lessening of fears about the European debt crisis prompted some funds to increase their bullish bets on riskier assets such as equities and reduce positions on gold
12:22 GMT
Gold rose as disappointing U.S. growth and European debt jitters boosted investment demand for the precious metal.
The real estate sector in the UAE capital is becoming more competitive
11:29 GMT
The residential rents in Abu Dhabi registered a 7 percent drop in the first quarter and were set to fall further amid significant jump in supply across all sectors at a time of weak demand and tight economic conditions, said a report.

April 29, 2012

While exports to Israel were the cheapest of all, pricing of all Egypt's gas exports has been subject to criticism
11:36 GMT
Still, bringing the deal of the Gas to a total halt was unexpected, given the sensitive nature of Cairo-Tel Aviv relations.
Switching to natural gas would ensure security of energy supply as it would help diversify the energy mix, the minister said
09:45 GMT
The Energy and Water Minister Gebran Bassil underscored the importance of devising an energy policy that ensures both economic and environmental sustainability for the country.
Egypt has focused significant efforts on trying to bring tourists from the GCC back to the country
08:27 GMT
The number of Emirati tourists to Egypt increased by 15.4 percent in the first quarter of this year, following a steep decline in visitors to the country last year, figures from the Egyptian Tourist Authority show.

April 26, 2012

On the positive side, the UAE is ahead of many other air navigation service providers with regard to ATM capabilities
11:37 GMT
The fast growth of aviation in the region should not, however, obscure the fact that global aviation faces considerable challenges.
ArabianMoney is not convinced either that the Iranian oil embargo will go ahead or that spiking the gold price at this point is in China’s best interests as the world’s biggest holder of dollar reserves
10:39 GMT
Basically there will be a sudden demand for physical gold that cannot be met and short sellers will be forced to cover and buy gold at higher prices.
The household sector accounts for 21 percent of Jordan’s over JD4 billion energy bill
09:34 GMT
There are several simple ways for consumers to reduce their energy bills, according to an energy conservation expert.

April 25, 2012

The report rates Lebanon among the most vulnerable countries in the world to global food price shocks
12:31 GMT
Lebanon’s vulnerability to global food price shocks may compromise its ability to make progress across a number of Millennium Development Goals, the World Bank’s “Global Monitoring Report 2012” suggests.
Smartphones are now available for as little as US$80 (Dh293.85), and are forecast to further decline in price
10:44 GMT
According to the firm's Mobile Life study, 46 percent of mobile users in the UAE, Egypt, Saudi Arabia and Israel are currently using an iPhone, Android, BlackBerry or other smart devices.
EU foreign ministers have also agreed to ban on exporting any technology that could be used for repression
09:38 GMT
he European Union has targeted Syrian President Bashar al-Assad and his family member's luxury lifestyle by imposing a ban on the export of luxury goods to Damascus.

April 24, 2012

The project will be first implemented in Riyadh and it will be completed in four years
11:22 GMT
The decision comes in the wake of the Kingdom’s move to reduce the number of vehicles on the road.
Now we are starting to see the new money come into UAE property
10:36 GMT
It is worth considering what factors have lead to the very high commercial and residential property prices in cities such as Singapore, Central London or Mumbai.
Egypt supplies roughly 40 percent of Israel’s gas supplies
08:39 GMT
Egypt is ready to resume gas supply to Israel but at “a new price and with new conditions,” the country’s International Cooperation Minister Fayza Abul Naga said on Monday, according to the official MENA news agency.

April 23, 2012

The UAE will soon become a nation of enterprising innovators as home to one of the richest talent pool in the world
14:28 GMT
While it is easier to justify investments in innovation during boom times, businesses are confronted with the challenge to keep the tempo going when the going gets tough.