September 14, 2011
Turkey’s central bank unveiled a series of policy changes in the fifth of September, aimed at boosting banks’ liquidity and increasing its own foreign exchange reserves as global growth slows and the European debt crisis hammers investor confidence.
The Middle East tries to portray an image of progress and new technology and this could be favourably worked into tourism developments.
Dubai recently took the lead in the global real estate index of competitive environments, according to the International Property Rights Index (IPRI) and the emirate was ranked fourth globally in property registration in the Ease of Doing Business 2011.
Increases of electricity consumption in Kuwait, and the Gulf as a whole, have steadily been on the rise and findings revealing that per capita electricity consumption is set to rise 2.5 percent per year.
September 13, 2011
There is a need to scientifically plan the future of Oman transport system for providing a better level of service, and avoid peak hours culminating into peak periods, thus moving more people rather than vehicles.
Within the Food Price index, cereal prices rose, reflecting the fact that although cereal production is expected to increase, it will not do so by enough to offset the additional demand, so that stocks continue to be low and prices continue to be high and volatile.
Some may argue that yes, the gold will resume its gains as fears are still persisting in markets, where there are talks of another round of stimulus, and some central banks intervened to salvage their economies.
Suspension of work in private sectors, random spending on weapons and fall in development projects in Yemen have led to this dangerous economic situation.
At the end of their meeting in Jeddah on Sunday's evening, the foreign ministers of the GCC announced their aid programme for the two countries aspiring to join the Gulf bloc. However, the amount of aid has not been decided and left for the GCC summit in December.
Economists attribute the weak growth in economic and financial variables so far this year to domestic political disputes as well as regional uncertainty emanating from Arab uprisings.
September 12, 2011
Qatar has recently announced that it was going to boost its own food security and start investing in a master plan to turn 45,000 hectares (111,000 acres) of its own land into farms.
The Turkish Islamic banking industry has reached a stage at which it will be increasingly difficult to rely on its own momentum to sustain growth, a global Islamic banking template would give Islamic banks in their respective domestic markets a chance of greater success.
The continuing high demand for oil and gas as well as the increasing need for cost-effective means to transport goods and services across the region, has led to a spurt in demand for better transport and communications links throughout the Middle East.
Within the Middle East, the UAE leads with a ranking of 26 according to the BCG index, the UAE ranks highest in terms of enablement, followed by expenditure, and engagement.
The fall in Jordans ranking was due to declines in the majority of the 12 pillars used to rank overall competitiveness of each country.