June 6, 2012
The combined losses of the four UAE state-owned retailers:Enoc; Eppco; Emarat; and Adnoc, are estimated at Dh8.5 billion ($2.31 billion) in 2011, expected to reach Dh12 billion ($3.27 billion) this year.
In banking, new instruments must be developed but they need to be standardised in order to be accepted.
South Sudanese will have to dig deeper into their pockets, after statistics released by the country national bureau of statistics indicate annual inflation increased to a staggering 80 percent in last month.
June 5, 2012
Google Analytics now detects the browser size of website visitors, a new metric that has gained relevance as the variety of internet-connected devices has increased in recent years, the company said yesterday.
Oman is blessed with abundant sunshine, and as research shows, it could be the prime energy source of the future.
Copper could rebound to $7.500 $7.700 per metric ton within the next a week or two said R.J. O Brien Associates in a snippet.
The ease of doing business with Iran is deteriorating as a result of the difficulty of transferring money to and from the country.
Despite the dangers of overconsumption by way of debt, the tendency to consume rather than save is valued very highly by most economists, who perceive a circular flow of income whose momentum must be sustained.
Experts believe the government should have limited hikes in power prices on large businesses and high-income earners in order to keep inflationary pressures under control and not to affect economic growth.
June 4, 2012
Saudi Arabia, the top oil exporter, saw a high oil price as counter productive and has been raising output saying repeatedly it wanted prices of around $100 per barrel.
The Department of Economic Development (DED) said that some shoddy stores are trying to lure shoppers - especially tourists - with promises of bumper 75 percent discounts.
The computer malware known as “Flame”, which recently infected computers across the Middle East and North Africa, has not affected public or private institutions in Jordan, according to government officials and private sector experts.
June 3, 2012
Some of the world's major economies are faltering or shrinking, with Chinese factory output barely growing and powerful European manufacturing countries falling deeper into malaise.
The Middle East and North Africa region remains a key market for business jets despite economic slowdown and instability.
Eight out of every ten respondents (81.6 percent) claim that the potential for social media to damage a company’s reputation is one of the biggest challenges to overcome.