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May 2, 2012

Over the next 15 years investments in new fleet by regional carriers are expected to touch US$200bn
09:27 GMT
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).
The nuclear drive comes amid ongoing cuts in Egyptian gas supplies
08:06 GMT
According to nuclear energy officials, financing and projected electricity costs will be among the deciding factors in the final selection.

May 1, 2012

Strategically Islamic banks need to revisit their positioning and decide whether they want to fully exploit the Islamic banking niche or compete head on with conventional banks
13:58 GMT
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.
Economist Hajjaj Bukhadour thinks that increasing the amount of subsidized foods or increasing salaries of locals is a temporary fix to a long-term problem
13:03 GMT
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?
The country is classified as a "frontier market", considered riskier by investors
12:24 GMT
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

The decline of Egypt's foreign exchange reserves shows little sign of abating
15:14 GMT
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.
The barrier to entry is much lower now than it used to be
15:00 GMT
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.
Some GCC markets suffered from the impact of the Arab Spring
13:32 GMT
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.
A lessening of fears about the European debt crisis prompted some funds to increase their bullish bets on riskier assets such as equities and reduce positions on gold
12:22 GMT
Gold rose as disappointing U.S. growth and European debt jitters boosted investment demand for the precious metal.
The real estate sector in the UAE capital is becoming more competitive
11:29 GMT
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

While exports to Israel were the cheapest of all, pricing of all Egypt's gas exports has been subject to criticism
11:36 GMT
Still, bringing the deal of the Gas to a total halt was unexpected, given the sensitive nature of Cairo-Tel Aviv relations.
Switching to natural gas would ensure security of energy supply as it would help diversify the energy mix, the minister said
09:45 GMT
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.
Egypt has focused significant efforts on trying to bring tourists from the GCC back to the country
08:27 GMT
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

On the positive side, the UAE is ahead of many other air navigation service providers with regard to ATM capabilities
11:37 GMT
The fast growth of aviation in the region should not, however, obscure the fact that global aviation faces considerable challenges.
ArabianMoney is not convinced either that the Iranian oil embargo will go ahead or that spiking the gold price at this point is in China’s best interests as the world’s biggest holder of dollar reserves
10:39 GMT
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.