Featured Articles

May 24, 2012

Dubai's airport passenger traffic more than doubled over seven years
12:30 GMT
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 initiative aims to increase the number of domestic tourists in the country
11:57 GMT
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’.
The economic platforms of the front-running candidates - including Amr Moussa, and Abdel Moneim Aboul Fotouh
11:17 GMT
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

The key driver behind this is the region’s demographics
16:57 GMT
Construction activities in healthcare and education will spur many projects in the GCC and Middle East, industry officials say.
 Consumers in Oman are extremely optimistic about the coming months
16:38 GMT
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.
Bank Audi’s first-quarter report on Lebanon gave a comprehensive breakdown of the main economic indicators in the first three months of 2012
15:51 GMT
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.
A year on, visitors have been slow to return to this key archaeological site south of Cairo
14:26 GMT
The uprising that overthrew former president Hosni Mubarak in February 2011 dealt a serious blow to Egypt’s vital tourism sector.
Restaurants in Beirut that are nearly devoid of patrons have become a common sight these days, with security concerns keeping customers away
09:53 GMT
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.
The equities behind those commodities (Gold & Silver) have not kept up even with the step up that happened from last year
08:58 GMT
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

It remains to be seen if Etisalat’s duopoly competitor du will follow its lead
16:59 GMT
Etisalat, the UAE’s largest Internet provider is cutting the price of its high-speed broadband Internet packages by up to 50 percent.
The gas projects will be used as feedstock for the petrochemicals industry
16:11 GMT
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.
Online media now offers greater interaction with consumers
15:37 GMT
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.
Bankers did indicate that the foreign exchange trading situation could accelerate if rival politicians remain stalemated in their positions
13:21 GMT
There was significant demand for the U.S. dollar in some banks today, but this was not a rush.
Surveyed oil and gas executives worry more about retention than leaders in other sectors
12:38 GMT
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.
Companies in Jordan have seen a rapid proliferation of employee-owned devices such as smartphones, tablets and laptops
08:44 GMT
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.