May 14, 2012
The industrial sector is leading the campaign against the anticipated rise in electricity rates, which comes two months after a previous proposed rise in rates that was later suspended under popular pressure.
The average monthly spending on mobile services has decreased in Bahrain since 2007 as competition intensifies between mobile services providers, with the greatest expenditure cut experienced by large businesses, said a survey.
May 13, 2012
Oman is poised for phenomenal growth in next five years and the country’s landscape will change like it did in the early 1980s, according to a top businessman.
Online media remains the most popular way for senior executives to source technology industry news according to Eurocom Worldwide’s 2012 technology market survey.
South Sudan's economic crisis is looming just nine months after it became the world's newest country when it separated from the Republic of Sudan.
The medical tourism industry is predicted by experts to become a $100 billion (Dhs 367.3 billion) global industry sector by the end of this year.
For the pirates, it is big business, earning them US$160 million (Dh587.6m) last year in ransom for the return of ships, cargo and crew. For the world economy, it is a major drain, with piracy off the Horn of Africa alone costing an estimated $7 billion a year.
Lebanon’s banks are attracting more deposits and reducing exposure to government debt, Central Bank Governor Riad Salameh said.
May 10, 2012
Fighting a seemingly losing battle against illegal downloads and file-shares, music and movie distributors in the UAE have been given hope by a recent landmark judgment in the UK.
Financial experts and institutional investors said at a conference organised by Gulf Capital that the medium to long-term outlook for investing in Egypt remains positive, despite the current political uncertainties in the country.
The media is an essential part of the dramatic political changes which are still continuing as countries like Egypt and Libya.
Three of the UAE's top-seven banks - Abu Dhabi Commercial Bank, First Gulf Bank and Mashreqbank - - reported a decline in lending in the first quarter from December, while National Bank of Abu Dhabi said lending advanced 2.3 percent, the fastest in the group.
A chronic talent shortage in the Middle East’s vitally important oil and gas sector could lead to considerable revenue losses and the scenario of wells remaining untapped.
Strong demand from emerging markets will particularly benefit the GCC economies.
May 9, 2012
The world in general and the UAE in particular should concentrate on investments in human skills as a means to improving their economies.