May 2, 2012
The Middle East’s aviation industry is expected to grow by 11 percent in 2012 while cargo traffic is estimated to increase six percent, according to Majdi Sabri, regional vice president for Middle East and North Africa at (IATA).
According to nuclear energy officials, financing and projected electricity costs will be among the deciding factors in the final selection.
May 1, 2012
Up until now, Islamic banks have typically emulated the conventional bank offer, but the eroding profitability trend suggests it is now time for a new approach.
The subsidies protect locals from soaring prices of commodities, but could this proposal of distributing free food to citizens until August 2014 be doing more harm than good when it comes to the inflation situation in Kuwait?
More than half the brokerages in the country have closed in the past two years, as foreign investors fled with the onset of the global financial crisis.
April 30, 2012
As markets sold off, Farouk El Okdah, the central bank governor in Egypt, said the spat was unlikely to affect the delivery of a US$1.75 billion aid package promised by Saudi Arabia.
Reductions in the cost of technology have lowered the barrier to entry for start-ups who previously could not afford to trade on the financial markets, according to a panel of experts at TradeTech Europe this week.
The strong tourism fundamentals of the region are still there and recovery is only a matter of time, according to a panel of experts at the Arabian Hotel Investment conference which addressed the Arab Spring impact as a major theme.
Gold rose as disappointing U.S. growth and European debt jitters boosted investment demand for the precious metal.
The residential rents in Abu Dhabi registered a 7 percent drop in the first quarter and were set to fall further amid significant jump in supply across all sectors at a time of weak demand and tight economic conditions, said a report.
April 29, 2012
Still, bringing the deal of the Gas to a total halt was unexpected, given the sensitive nature of Cairo-Tel Aviv relations.
The Energy and Water Minister Gebran Bassil underscored the importance of devising an energy policy that ensures both economic and environmental sustainability for the country.
The number of Emirati tourists to Egypt increased by 15.4 percent in the first quarter of this year, following a steep decline in visitors to the country last year, figures from the Egyptian Tourist Authority show.
April 26, 2012
The fast growth of aviation in the region should not, however, obscure the fact that global aviation faces considerable challenges.
Basically there will be a sudden demand for physical gold that cannot be met and short sellers will be forced to cover and buy gold at higher prices.