January 10, 2012
Iran has said it would block oil exports through the strait, a global chokepoint for crude shipments, if sanctions are imposed on its crude exports. Such a move could also force companies including Ford Motor, BASF and Caterpillar to seek safer routes for transporting items.
“Prices of raw materials like steel, petroleum by-products and other metals, can only go up, easily by eight to 12 percent,” said R.N. Mathew, Managing Director of Tools, a welding, lifting and industrial supplies company.
Moody’s indicated that it would downgrade Lebanon’s ratings in the case of a substantial and sustained withdrawal of bank deposits from the country, which would threaten the banks’ willingness and ability to finance the government.
An employer poll conducted by Bayt.com has revealed that 28.8% of employers in the Middle East look for ‘hunger, drive and ambition’ as the most important factors when making a hiring decision.
“On a standalone basis, MENA region will be asked to invest over $100 billion every year,” said Al Attiyah, a former Qatar energy minister.
January 9, 2012
Because Gulf interest rates have not fallen like most dollar areas we should feel less of the impact of rising interest rates.
Although some countries objected to the measures, most of them-surprisingly including Lebanon-have said that they will apply them to doing business with Syria.
"The instability the region has witnessed and protests in Jordan were one of the factors that affected the sector in 2011," Minister of Tourism and Antiquities Nayef Al Fayez remarked.
In the meantime oil prices stay high when a recession in the EU ought to be lowering them. This is good news for the Gulf Oil States, although they are always weary of being too offensive to Iran just in case the Western powers one day leave them on their own.
Average tenant budgets have fallen over recent years while, conversely, the expectations of tenants have risen as they seek greater quality and value for money.
Total shares traded reached 214,382 this week, as average daily trading dropped by half to 71,461 shares compared to 143,480 shares in the final week of 2011.
January 8, 2012
Saudi Arabia's retail sector is expected to grow fast, driven by a rising population, improving education and changing lifestyles.
Accelerating growth SMEs are not provided funds for many reasons, and therefore they lose great opportunities to boost their market share. This study covered 139 banks in 16 countries in the MENA region.
It is important that all groups move on rather than jeopardise the country's future, says Bahrain Chamber of Commerce and Industry vice-chairman Abdulhameed Al Kooheji.
The six GCC countries stand up well compared with the economic transition of the four key Asian markets 20 years ago, according to the research company Arabia Monitor.