March 1, 2012
The internet use in the UAE is among the cheapest and the fastest in the Middle East.
Marketers eager to reach Facebook’s 845 million users pay these software-savvy go- betweens fees as high as millions of dollars a year to create pages where customers can get discounts, participate in contests and interact with fellow fans.
The performance of Bahrain’s traditional export-orientated heavy industries is less sensitive to local issues.
Rather than imposing a unified minimum wage across the country, experts advise seeking alternatives that factor in regional and sectoral variations as well as imbalances in standards of living, growth and productivity.
Internatiobal tourist arrivals grew by over four percent in 2011 to 980 million, according to the World Tourism Organisation’s (UNWTO) latest World Tourism Barometer.
Under the tagline “Dubai means business”, the campaign emphasises its strategic location between east and west and showcases its success stories in trade, infrastructure and entrepreneurship.
February 29, 2012
The combined value of current construction projects in the UAE is about $1.25 trillon (Dh4.59 trillion).
The crude exporting countries know very well that the windfall gains do not last for long. This has happened before and will happen again. The countries may have already planned how they are going to use their surplus from oil revenues.
The International Air Transport Association (IATA) said global traffic continued to rise in January showing a 5.7 percent jump in passenger demand, but air freight demand fell 8 percent over last year.
Credit growth in Saudi Arabia has rebounded strongly after falling to close to zero in 2009 as the global financial crisis hit.
Base metal prices rallied the most in 2012 for the week gone by and prices gained by 2.8 to 7.9 percent.
The Commerce Department of the world's leading economy showed that the durable goods orders throughout the month of January dropped significantly and gloomily by 4.0 percent.
February 28, 2012
Yahoo is threatening action unless Facebook licenses some of its technologies, as other web and technology companies are said to have done.
Swedish Ambassador Malin Kärre said: “Swedish business in Egypt is relatively stable and many companies have reported a considerable growth in their income.
To create one million jobs annually, the country faces $120 billion deficit,” Deputy Majlis speaker Mohammad-Reza Bahonar told ILNA news agency.