June 11, 2012
Muscat is among the lowest risk cities in the region, with a rating that puts it ahead of international business hubs such as Barcelona, Milan, Lisbon, Kuala Lumpur and Beijing, according to the findings from the 2012 People Risk Index.
The United Arab Emirates' public finances swung into a surplus of 2.9 percent of economic output in 2011 after two years of deficits.
Lebanese insurance companies were hit hard in the first quarter of 2012 on slower economic activity due to regional turmoil and domestic instability.
Television sales increased up to 35 percent last week ahead of the Fifa Euro 2012 football tournament that began on Friday to kick off a long summer of sport.
Taxi drivers were not the only ones suffering a slump in business due to Sunday’s heat.
Global airline industry profits are expected to be $3 billion, unchanged from the last update in March, the International Air Transport Association (IATA) outlook for 2012 said.
June 10, 2012
The Arab World will need to create a staggering 75 million jobs in the coming decade – an increase of 40 percent more than what currently exist – to keep pace with the young and fast-growing population set to enter the workforce, a report said.
Three million people in Zarqa and Amman would benefit from the ongoing five-year project, while over 19,000 households in Zarqa will be connected to sewage networks once the venture is completed.
Hackers can attack the computer system (i.e., laptop, PC, server, smartphone), the website of the victim, or the data sent by the victim over the network.
An eight percent drop in oil prices this year has delivered a quick fix to an industry severely damaged by record fuel costs.
South Sudan said Friday it was increasing taxes and customs duties, apparently in an attempt to fill the gap in the country's budget deficit after the closure of the oil production earlier this year.
June 7, 2012
The price of oil continues its decline, dipping below US$100 per barrel and casting a new light on budgets across the GCC.
Facebook will become something of a has-been within five to eight years, according to one analyst. And while that assertion has raised a ruckus online this week, other industry analysts wouldn’t be shocked if the prediction comes true.
Gold jumped to test 30295 after the ECB kept rates unchanged and pledged to extend some of its liquidity providing operations.
Private financial wealth in Middle East and Africa grew by 4.7 percent in 2011, according to a new report by The Boston Consulting Group (BCG).