April 17, 2012
The aviation industry has directly contributed Dh61.3 billion to the UAE's economy, which is around 6.3 percent, said Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, in Abu Dhabi yesterday.
April 16, 2012
The Top 10 Risks in Telecommunications 2012 report, the latest in a series of annual reports based on the insights of Ernst & Young’s sector practitioners, shows that, for the first time, failure to control costs is no longer in the top 10 risks.
The Sudanese government has finally acknowledged the economic ramifications of losing oil-producing area of Heglig to South Sudan’s army, revealing measures to remedy the situation.
YouTube will next week launch the first advertising aspect on YouTube in the region to allow advertisers to engage with the local audience, it revealed yesterday.
April 15, 2012
The region's stock markets will likely outperform the global markets in the near-term supported by high crude prices and on the back of robust health of the oil exporting countries, say experts.
By 2035, global demand for energy will increase by almost 40 percent, and currently more than 1.5 billion people worldwide are without access to electricity, said experts at a debate hosted by DuPont in Sao Paulo.
Why is so much money being pumped into the aviation sector, at what benefit to those countries? Does it make economic or commercial sense or is it simply just competition to outshine one's neighbours?
April 12, 2012
Ahmed Saleh Al Marhoon, director-general of MSM, addressing participation of the heads of Arab stock exchanges in presence of a number of officials and experts from international stock markets.
The cost of eating in restaurants and staying in hotels rose more than 13 percent in Abu Dhabi in March compared to a year earlier, government data revealed.
The Arab banking sector should play a bigger role to attract capital and boost investments in productive sectors across the region in a bid to create more job opportunities and fuel growth, chairman of the Lebanese Banks Association Joseph Torbey said.
April 11, 2012
The Saudi stocks took another dip at Tadawul on Tuesday.
The Jordan Construction Contractors Association launched a plan last year to export construction services abroad, in an attempt to curb the decline in members’ businesses inside the Kingdom.
April 10, 2012
Middle Eastern firms report that a wider distribution of customers (47 percent) and more flexible workspace (39 percent) would make the greatest contribution to enhancing future business stability as a platform for growth.
Usually petrol stations move immediately when there is an increase, but when there is a reduction, they delay until they get rid of (higher priced) stock.
Analysis of the GCC banking sector performed by QNB Group concludes that its prospects are stable, banks are expected to be remain profitable and that the sector itself has room for growth.