May 24, 2012
Gulf countries are channelling billions of dollars into airport expansions, betting on a sharp rise in passenger traffic and competing to strengthen their positions as regional hubs for global travel.
The Department of Tourism and Commerce Marketing has announced the emirate’s first promotional summer campaign to attract more domestic tourists under the slogan ‘Do More in Dubai’.
Egypt's leaning towards the private sector to stimulate the economy or reverting to a more nationalist agenda are two of the possible outcomes from the presidential election that is expected to end today.
May 23, 2012
Construction activities in healthcare and education will spur many projects in the GCC and Middle East, industry officials say.
Oman tops Mideast in consumer confidence At a score of 93.6, the Sultanate has the Middle East's highest consumer confidence score - a position it shares with Qatar, which holds an identical score.
The volatile situation in Syria has impacted the Lebanese economy, but the picture may not be as bleak as one may think, according to newly released economic data.
The uprising that overthrew former president Hosni Mubarak in February 2011 dealt a serious blow to Egypt’s vital tourism sector.
Restaurants that eagerly await Arab tourists and Lebanese expatriates every summer are once more paying a hefty price because of heightened security fears and advisories by some countries warning against travel to Lebanon.
Precious metals as an asset class will do very well and we will see new all time highs in both gold and silver over time.
May 22, 2012
Etisalat, the UAE’s largest Internet provider is cutting the price of its high-speed broadband Internet packages by up to 50 percent.
Iraq plans to build on its nascent gas sector to power a new petrochemicals industry, looking to foreign firms to invest $35-50 billion from 2017-2023.
According to the Arab Media Outlook, published by Dubai Press Club and Deloitte, there was a 10 percent decline in advertising spending last year, led by falls in Egypt.
There was significant demand for the U.S. dollar in some banks today, but this was not a rush.
The majority of oil and gas executives in the Middle East anticipate a looming talent shortage in all skill categories, the most pressing of which is in operations (81 percent), said a report.
When employees feel their work is flexible and that they can work from wherever they are, even after office hours, they can contribute more to their work and be more loyal.