April 9, 2012
Private Hospitals Association (PHA) Executive Director Abdullah Hindawi said the PHA is working on a plan, in cooperation with the Jordan Hotels Association (JHA), to offer new sightseeing and medical tourism packages.
Now, saying that Saudi investors are shifting focus from real estate to the stock market is not that accurate. Instead, it can be seen as a diversification across different asset classes.
The construction sector in the GCC is poised for a rebound, with $286 billion (Dh1 trillion) in projects set to be awarded between 2012 and 2016, according to a new research report.
April 8, 2012
The biggest increases in prepaid channels was recorded in Lebanon, Jordan and Egypt, followed by the UAE, Kuwait and Oman (each increasing threefold), Qatar, Saudi Arabia and Bahrain.
A given time, people can and do respond by lowering their consumption of oil.
As for regional smartphone sales only, Nokia was still the dominant manufacturer followed by Research in Motion and Android taking third spot.
April 5, 2012
Top global oil exporter Saudi Arabia is set to use a record number of drilling rigs this year as it ramps up production, in the face of possible supply shortages due to Western sanctions on Iran.
A single initial public offering in the Gulf during the first three months of the year raised US$62.4 million (Dh229.2m), according to data from Bloomberg News.
The global economy faces three key risks in 2012, first an oil price shock from supply disruptions in the Middle East, second the euro zone sovereign debt problems and lastly, China's real estate market downturn.
April 4, 2012
The majority of M&A transactions over the past two years have concentrated on the GCC region, in particular the UAE and more recently Saudi Arabia, indicated the M&A report from Deloitte, a professional services firm.
Investing in IT departments can have a bigger impact on a firm’s profits than similar spending on R&D and some marketing endeavors, according to a team of university researchers.
Dubai's Land Department, which issued its annual report yesterday, claims that a 20 percent increase in property transactions in 2011 — at a value of Dh143 billion — is a sign of real estate market recovery and growth.
April 3, 2012
The number of jobs advertised online in the Middle East rose 14 percent in February, with Saudi Arabia offering the most opportunities to jobseekers.
Revisions to internet and mobile phone penetration figures in the UAE haverevealed a smaller proportion of the population use such services than was previously thought.
Piracy threats pose major challenges to the global shipping industry, a top UAE government official said.