April 19, 2012
The new World Economic Outlook released by the International Monetary Fund on Monday has a tone of cautious optimism.
Family businesses will increasingly be the backbone and a major driver of growth, with a huge capacity to create employment across the Middle East and Europe, a report said.
Gulf countries are experiencing a big surge in their balance of payment surpluses due to high oil prices and increased oil production and exports, senior officials from the Institute of International Finance (IIF) said yesterday.
April 18, 2012
Global growth is slowly improving as the United States recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund (IMF) said yesterday.
The Union of Bakeries has decided to hold an open-ended strike starting Thursday.
The Kingdom should move toward that to be action wise, mental wise and investment wise," says Nahed Taher in an exclusive interview with Arab News.
April 17, 2012
Lebanon’s Union of Bakeries announced Monday it would hold an open-ended strike from Thursday until the government compensates them for the increased cost of raw materials used in bread production.
Diversification is a risk management strategy since prices of different assets often move in opposite directions and having more than one asset in your portfolio helps limit the risk or impact of sharp price changes in one asset class.
The aviation industry has directly contributed Dh61.3 billion to the UAE's economy, which is around 6.3 percent, said Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, in Abu Dhabi yesterday.
April 16, 2012
The Top 10 Risks in Telecommunications 2012 report, the latest in a series of annual reports based on the insights of Ernst & Young’s sector practitioners, shows that, for the first time, failure to control costs is no longer in the top 10 risks.
The Sudanese government has finally acknowledged the economic ramifications of losing oil-producing area of Heglig to South Sudan’s army, revealing measures to remedy the situation.
YouTube will next week launch the first advertising aspect on YouTube in the region to allow advertisers to engage with the local audience, it revealed yesterday.
April 15, 2012
The region's stock markets will likely outperform the global markets in the near-term supported by high crude prices and on the back of robust health of the oil exporting countries, say experts.
By 2035, global demand for energy will increase by almost 40 percent, and currently more than 1.5 billion people worldwide are without access to electricity, said experts at a debate hosted by DuPont in Sao Paulo.
Why is so much money being pumped into the aviation sector, at what benefit to those countries? Does it make economic or commercial sense or is it simply just competition to outshine one's neighbours?