September 3, 2011
The misuse of the surplus and not investing it in the right direction has led to structural imbalances in the economy and threatens the future of the country in the implementation of programmes and financial obligations.
Oil would be a key to getting the economy running again and foreign contractors were needed for their technical expertise.
These days, banks are under pressure to extract the optimum possible results out of their assets and the chances are they would be more than willing to tie up with small and mid-sized businesses that are still building up towards a decent track record.
The occupancy rates in Beirut hotels reached 100 percent during Eid al-Fitr but they are expected to go down by the end of the first week of September.
The latest round of hiring will be quite different to the “frenzy” the country experienced prior to the height of the global economic crisis in 2008, with companies looking to make selective appointments rather than fill whole new departments or offices.
August 31, 2011
Five months of protest and government reprisals have undoubtedly inflicted economic damage, one industrialist said some were losing patience with the worsening economic outlook.
The word âEid’ means celebration and happiness, keeping up with its fervour, the capital is gearing up to offer a variety of activities for people of all ages.
August 30, 2011
Dealerships, regardless of their scale, are pinning expectations on buyers heading back to the showrooms to check out the new models and — ideally — buy them.
The decline in Arab tourism to Egypt was due to the political unrest in Libya, Syria and Yemen, which limited the number of tourists from there to Egypt and the repercussions of the revoultion in Egypt.
Dubai is the second-most attractive emerging market for retailers after China, in part because of high disposable income, according to management consulting firm A.T. Kearney.
August 29, 2011
The high-profile Turkish delegation comprised businesses operating in sectors ranging from construction, environment to waste water.
There are strong and historical trading ties between the UAE and South Africa. In 2010, the total value of Dubai direct exports to the country was estimated at Dh219 million.
Banks in the throes of regional expansion have recently undergone stress tests which revealed that they had enough capital to weather the effects of political turmoil in host countries. While operations of branches in affected countries may be restricted.
Christine Lagarde, the new managing director of the International Monetary Fund, spoke near the end of a month when the value of global equities dropped by $5.7 trillion on concern global growth is slowing and governments will be unable to tackle sovereign debt burdens.
Around 68 percent of polled companies said that they will be hiring middle and senior-level talents within the next three months.