June 7, 2012
The Omani economy benefited from the boom in oil prices, with the Gross Domestic Product (GDP) registering a rise of 22.7 percent at the current prices in 2011.
Political and economic reform is needed in the Middle East to address the region’s chronic problem of youth unemployment, according to two reports released by the World Economic Forum (WEF).
June 6, 2012
The Dubai Department of Tourism and Commerce Marketing (DTCM) has launched a new initiative to improve the service standards and excellence in the green tourism industry.
Currency uncertainties are an increasing concern for businesses from the real economy due to the rapid integration of global trade and capital flows over the past decades.
Without doubt Arab countries are committed to reinforce their role as major oil and gas producers.
The combined losses of the four UAE state-owned retailers:Enoc; Eppco; Emarat; and Adnoc, are estimated at Dh8.5 billion ($2.31 billion) in 2011, expected to reach Dh12 billion ($3.27 billion) this year.
In banking, new instruments must be developed but they need to be standardised in order to be accepted.
South Sudanese will have to dig deeper into their pockets, after statistics released by the country national bureau of statistics indicate annual inflation increased to a staggering 80 percent in last month.
June 5, 2012
Google Analytics now detects the browser size of website visitors, a new metric that has gained relevance as the variety of internet-connected devices has increased in recent years, the company said yesterday.
Oman is blessed with abundant sunshine, and as research shows, it could be the prime energy source of the future.
Copper could rebound to $7.500 $7.700 per metric ton within the next a week or two said R.J. O Brien Associates in a snippet.
The ease of doing business with Iran is deteriorating as a result of the difficulty of transferring money to and from the country.
Despite the dangers of overconsumption by way of debt, the tendency to consume rather than save is valued very highly by most economists, who perceive a circular flow of income whose momentum must be sustained.
Experts believe the government should have limited hikes in power prices on large businesses and high-income earners in order to keep inflationary pressures under control and not to affect economic growth.
June 4, 2012
Saudi Arabia, the top oil exporter, saw a high oil price as counter productive and has been raising output saying repeatedly it wanted prices of around $100 per barrel.