September 7, 2011
Regional oil production was 7.93 mbpd in 2001, and in 2010 averaged an estimated 9.98 mbpd. From an estimated 10.37 mbpd in 2011, it is set to rise to 11.92 mbpd by 2015.
The lack of credit has gravely impacted the stock market, the lack of credit is the main reason for the imbalance between the public and private sectors.
September 6, 2011
Year-to-date occupancy levels at Abu Dhabi hotels were up 10 percent to 70 percent, while revenues were up 6 percent reaching 2.53 billion dirhams.
Libya could look to its Arab neighbors for ideas on how to manage the remaining surplus, but Norway provides a better model.
The regional situation severely crimped the hand of mall owners, with drops of 26.7 percent in Bahrain, 16.7 percent in Syria and 7.7 percent in Jordan. Qatar and the UAE recorded less significant declines of 2.2 and 3 percent respectively, according to the report.
Arab microfinancing, needs two things. First, lawmakers should pass a banking law for the poor, transforming microlending from a charity-like affair to a financial sector. Second, the government should create a microfinance regulatory authority that would set norms for interest rates and set standards for the quality of services.
The UAE markets are making a sideways move and the overall trend ranges from negative to neutral, if there’s a selloff on the international markets, the UAE markets which are already weak will be affected.
According to property consultants Cushman & Wakefield, Lebanon was one of two countries in the Middle East & Africa region that posted increases in prime rents in the 12 months to June 2011, as rental values in the top shopping areas of Beirut proved resilient to external turmoil.
September 5, 2011
Had not a number of OPEC members, including Kuwait and Saudi Arabia, increased their oil production; so oil prices would have shot above current levels causing a global crisis and contributing to a recession in the global economy which is still recovering from the impact of the 2008 crisis.
Technology plays a crucial role in increasing profitability. Gulf carriers can potentially reap significant benefits by embracing solutions that can firstly be easily retrofitted into existing fleets to extend lifecycles and maximise efficiency of current airframes, and secondly equip new and upcoming aircraft to enhance overall performance.
As new Islamic institutions and conventional banks gear up to launch their sharia-compliant services, the central bank is in the process of developing the regulations needed to provide the proper environment and oversight for Islamic banks.
Employees who are not engaged are those who go through each workday putting time but no passion or energy into their work. Actively disengaged employees are worse as aside from being unhappy at work, they also manifest their discontent through their actions.
The emirate’s hotels topped the region’s occupancy charts for the month with 80.8 percent against 70.3 percent experienced in July 2010.
Social Affairs Minister Wael Abu Faour said Sunday that discussions over the past few days had led to “preliminary conclusions that could see a happy ending for the proposal.”
September 4, 2011
The plan, which calls for the allocation of $1.2 billion to the Energy Ministry to build power plants capable of producing 700 megawatts, has exposed a split in the Cabinet between Free Patriotic Movement (FPM) leader MP Michel Aoun on the one hand, and Mikati and Progressive Socialist Party (PSP) leader MP Walid Jumblat on the other.