September 22, 2011
Oman has a very unique opportunity, it can take lessons from abroad when it takes on Islamic finance within its own borders.
Saudi Arabia is struggling to find enough gas to meet rampant demand for energy in the kingdom, but the huge plant will not increase Saudi's gas burning by 600 mcfd as older plants will be retired.
Seven months after President Hosni Mubarak was ousted, Egypt’s business community is becoming more vocal in its pleas for the interim government to spell out how it plans to revive confidence in the economy, which has been badly hit by an exodus of tourists and investors.
September 21, 2011
Disclosed deal values grew by eight percent to $20 billion in H1 2011, compared to deals worth $18.5 billion announced in H1 2010.
Qatar, Saudi Arabia and the United Arab Emirates are pushing ahead with multi-billion dollar railway projects, and key contracts are set to be awarded soon as the energy-rich Gulf states seek to boost local infrastructure to meet rising demand.
China is currently the third largest non-GCC market for Bahrain exports while it is the second largest importer into the Kingdom of Bahrain.
Carriers in the Middle East will spend $390 billion by 2029 to buy 2,340 new aircraft, which is an increase of 150 percent, to keep pace with an average of 7.1 percent annual growth in air traffic.
The uprising against Moammar Gadhafi in Libya, production problems in the U.K. and Norwegian North Sea, lower supplies from Russia, central Asia, Nigeria and Angola have all cut supplies, especially of high quality, light, low sulphur crude oil.
The IMF’s World Economic Report released yesterday said social unrest and oil price fluctuations were causing large uncertainties in the MENA economies.
September 20, 2011
Since U.S. President Barack Obama took office, the price of gold has more than doubled to about $1,800 an ounce.
The new standards for pharmaceutical manufacturing would reduce the cost of health care in Lebanon, make domestic companies more competitive and allow them to compete with foreign drugmakers, in addition to increasing the safety and quality of products.
Some in Egypt have experienced a shortage of supply at a number of gas stations this past week. Earlier this month, South Sinai saw a fuel crisis that paralyzed Dahab, Nueweiba and Sharm El-Sheikh.
The trade between the two countries is currently worth about £10 billion and it is on track to touch the targeted £12 billion (Dh69.56 billion) a year.
The Cabinet agreed on the line of demarcation for Lebanon’s Exclusive Economic Zone Monday, in anticipation of future plans to drill for oil and gas in Lebanese territorial waters and amid a dispute with Israel over a maritime area.
Bringing about a cultural change within the organisation is the most difficult element in any cloud computing project and convincing the CEO, CFO and other business heads that this could potentially help the business is a huge change management project.