Featured Articles

March 12, 2012

Investors have been seeking refuge in gold out of fear that there will be more currency devaluations, especially in the Eurozone
15:32 GMT
Gold’s overall performance is still remarkable, though it is but a small part of a bigger picture.
Now if UAE publishers are going to move from printed media to online they are in for a nasty shock in revenue terms
09:35 GMT
Digital is the future of advertising in the UAE but currently the rates offered to publishers are so low that most of them are going to end up bankrupt.
Since tourism touches all sectors of the economy, its real direct and indirect impact is even greater
09:00 GMT
The tourism industry’s direct contribution is expected to grow by 3 percent per year in real terms during the 2012-2022 period compared to a 4.1 percent real growth rate for both the Middle East and the world.
For years, the government has resisted cutting subsidies for fear of igniting inflation and the wrath of its citizens
08:04 GMT
The subsidy problem has become more difficult politically since the uprising which overthrew president Hosni Mubarak last year, because the turmoil slashed economic growth, pushing up unemployment and poverty.

March 11, 2012

SIM box fraud is a global problem that is affecting operators worldwide
16:24 GMT
Mobile operators in Jordan lose millions each year as a result of "SIM box" fraud, according to Revector, a UK-based anti-fraud company.
Some argued that a rate war when hotels slash prices in the face of competition is underway
13:54 GMT
Hospitality consultants have said that the projects have pushed the hotel market to a point of saturation.
In February, the biggest increase in OPEC supply once again came from Libya
13:46 GMT
The Organization of the Petroleum Exporting Countries (OPEC) oil output has risen in February to the highest since October 2008.
The value of the lira is deteriorating everyday and there is slight demand for the currency, Mohammad Otoum, manager at Alawneh exchange agency said
13:22 GMT
The Syrian currency has fallen by up to 50 percent this week from 67 liras per JD1 before the unrest hit the northern neighbouring country nearly a year ago, according to currency exchange agencies.

March 8, 2012

If sustainability is to triumph, it must be predominantly a bottom-up process
14:15 GMT
The global economy will probably triple in size in the next quarter-century, largely owing to growth in developing countries as they catch up to developed-country incomes and adopt similar consumption patterns.
Across the country's various regions, wage disparity is tied to the share of employment in low and medium earning sectors, which are highly driven by private sector employment
09:40 GMT
Over the past 40 years, Egyptian governments have failed to institute a sound wage policy that ensures a healthy economy.
An economist at Harvard said one thing is certain about Apple Inc.'s effect on the labor market -- it's big
09:09 GMT
Apple has triggered a debate on its impact by releasing a study that declares the company, which is responsible for hundreds of thousands of jobs overseas.

March 7, 2012

Diversification of tourism product to capitalise on new market segments, and significant government investment in supporting infrastructure, has demonstrated real time benefits for Dubai
13:31 GMT
The rapid growth of cruise-related facilities and terminals has the potential to showcase multiple destinations to inbound visitors eager to get a snapshot of the Middle East from the comfort and convenience of a shipboard base.
Businesses today are going green because it’s essential in terms of business success
13:07 GMT
Not only does greening your business make financial sense in terms of energy savings; it contributes to efficiency, productivity, innovation, customer loyalty and profit.

March 6, 2012

To contain inflation you need foreign investments, and for this you need a very attractive investment environment
16:44 GMT
Observers such as the World Bank’s president link the protests that triggered the Arab spring with high inflation – and thus bad policy – while others blamed Mubarak of sacrificing everything – including civil rights – for economic growth.
World equities and oil have typically been closely correlated since 2008 because both were driven by global demand
12:59 GMT
A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the West, but that may be nothing compared to the economic shock an Israeli attack on Iran would cause.