April 2, 2012
The chief reason behind the increase in the deficit was the soaring price of oil globally, the report said.
The WTO expressed its hope for greater prosperity and success for the UAE in building a more advanced knowledge-based economy.
A group of energy experts has suggested several possible solutions to help policy makers put an end to the Kingdom’s energy woes.
April 1, 2012
According to analysts at Dow Jones Saudi Arabia, the cartel’s biggest producer churned out an average of 9.8 million barrels per day (b/d) during the month.
The fact that leisure and business tourism is flourishing in many countries throughout the Middle East – despite the prospect of a European recession and regional political unrest –bodes well for a positive start to this year’s Arabian Travel Market industry showcase.
Since the country's uprising began in early 2011, analysts say Egypt's currency has been at risk of devaluation.
March 29, 2012
The International Air Transport Association (IATA) has announced a downgrade to its industry outlook for 2012 primarily due to rising oil prices.
The Saudi government said it would invest over $140bn over the next 20 years on nuclear and renewable-energy projects.
New iPad aficionados in the Middle East will not get a refund from Apple for the gadget's lack of fourth-generation long term evolution (4G LTE) connectivity, as the US-based firm has not officially launched its latest product in the region.
March 28, 2012
Days into an increasingly acute fuel shortage, Egyptians are starting to feel the squeeze.
The GCC’s trade surplus will average around $493 billion in 2012-13 as the oil prices remain high, offset by import growth at around 3.5 percent, said a report.
An independent credit evaluation agency, that would evaluate any client and their assets against a loan facility, is currently not established in the UAE.
Many employees are not aware of their legal labor rights.
Now, shoppers are more likely to find Chanel than a cucumber, and Prada than a potato – barring a visit to an upscale supermarket.
March 27, 2012
Business events in Abu Dhabi are expected to have a direct economic impact of Dh5.1 billion (US$1.3bn) a year by 2020, as the sector becomes increasingly important to the emirate.