January 4, 2012
On Dec. 21, the Cabinet approved a wage hike proposal by Nahhas which stipulated that the minimum wage would increase to LL868,000 – a sum that included a LL236,000 transportation allowance which the government added to the basic salary.
Despite the global financial crisis, Qatar has prospered in the last several years.
There are nascent plans by the local chapter of the Entrepreneurs’ Organisation (EO) to implement a programme that would actually go on to make a difference for business owners still finding their way.
A new law, signed by president Barack Obama on New Year’s Day, imposing sanctions on financial institutions that deal with Iran’s central bank, the main clearinghouse through which OPEC’s second largest oil exporter deals with clients around the world.
The Nielsen study showed that Google was the most-visited website in 2011, with an average of more than 153 million unique visitors a month. Facebook was second with more than 137 million, and Yahoo was third with 130 million.
Gold was on a winning streak as it topped Dubai’s exports in the first nine months of last year amounting to Dh45 billion on the back of high demand from India and a bullish market, latest statistics and analysts say.
January 3, 2012
Net profits of banks grew by 11.3 percent to reach Dh24.98 billion (US$6.8bn) in the first 10 months of last year, Sultan Al Suwaidi said yesterday.
Housing prices and rents will continue to decline in the UAE next year despite growing demand, local analysts predict.
The profitability of Saudi Arabia's petrochemicals companies could be reduced this year if the government increases its gas prices, NCB Capital says.
Egypt’s economy may face a severe crisis due to persistent street protests, strikes, capital flight, rising inflation, increased food prices and unemployment.
The budget aims at providing employment for 36,000 people in the government sector this year, including defence forces.
January 2, 2012
Egypt's government will increase natural gas and electricity prices paid by heavy industries by 33 percent this month to narrow its growing budget deficit.
Despite a faltering global outlook, ongoing weakness in the US and a seemingly intractable European debt crisis, the GCC should still make healthy energy revenues this year.
In these times of financial and economic turmoil there is one certainty: the value of gold has proven time and time again that its course can only go up thus reassuring your confidence in it as the most suitable class of investment.
According to Towers Watson research, one of the finest global market intelligence services, salaries in the country are expected to rise by a further 5.7 percent in 2012.