Featured Articles

May 14, 2012

With energy accounting for 30 percent of production costs for manufacturers, the raise will directly affect manufacturers
09:10 GMT
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.
According to the survey, the fixed voice and fax lines are the most commonly used type of connection by businesses
08:42 GMT
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 planning an ambitious 1,061km railway project
16:02 GMT
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.
While online media is the main technology news channel, print media has held up remarkably well
15:18 GMT
Online media remains the most popular way for senior executives to source technology industry news according to Eurocom Worldwide’s 2012 technology market survey.
Within a year, South Sudan will try to ship 10 to 15 percent of its oil production through lorries
15:01 GMT
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.
Dubai already cares for more than 500,000 medical tourism visitors per year
11:44 GMT
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.
Since 2008, gangs of Somali pirates have carried out more than 800 attacks on ships as diverse as private yachts to oil supertankers
09:22 GMT
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 economic growth accelerated to between 3 percent and 3.5 percent in the first quarter of this year as air traffic rose 10 percent and tourism in the capital, Beirut, recovered, Salameh said
07:59 GMT
Lebanon’s banks are attracting more deposits and reducing exposure to government debt, Central Bank Governor Riad Salameh said.

May 10, 2012

In the UAE, the abiding law for intellectual property (IP) protection is Federal Law No. (7) of 2002  — or the Copyright Law  — which would in theory protect authors. While the regulatory regime that the law sets out is clear enough, putting it into practice takes some doing
16:00 GMT
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.
The Egyptian government has been encouraging FDIs to invest in job-creating sectors
15:00 GMT
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 changing political landscape in the Arab world has required the Arab media to work hard to catch up
15:00 GMT
The media is an essential part of the dramatic political changes which are still continuing as countries like Egypt and Libya.
Bank lending in the UAE, a federation of seven emirates including Abu Dhabi and Dubai, grew more than 30 percent annually in the four years to 2008
13:01 GMT
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 lot of the Middle East oil and gas reserves are mature, and they need a higher degree of expertise to remove the oil and gas
12:22 GMT
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.
The GCC economies face important demographic challenges
11:40 GMT
Strong demand from emerging markets will particularly benefit the GCC economies.

May 9, 2012

The Skills Strategy supports governments with gathering and using better intelligence about changing skill demand
15:00 GMT
The world in general and the UAE in particular should concentrate on investments in human skills as a means to improving their economies.