November 9, 2011
Regional uprisings and lackluster economic growth in Lebanon are likely to continue weighing heavily on Lebanese stocks this week, after the bourse performed dismally last week, analysts told The Daily Star.
Hotels across the Middle East and North Africa (MENA) are reporting a bounce-back in occupancy following a slow Ramadan according to a recent report conducted by MKG Hospitality.
The project’s infrastructure strategy will have the Grand Mosque as its focal point,” the prince said. An essential part of Haj and Umrah services is the transport facilities, the prince added.
Numerous wedding halls have been badly affected by illegal roadblocks and disruption caused by anti-government protesters and extra security measures brought in to stop them.
Restaurants, cafes and shops in Beirut’s Central District, which has experienced slow business in the past few months, saw a steady rise in the number of customers during the Eid.
November 5, 2011
The Ministry of Commerce too has noticed an increase of fraud cases against jewelry shops in the Kingdom. Some of the tricks that traders use are easily detected, while others are quite sophisticated and cannot be discovered quickly.
November 3, 2011
One of the factors contributing to this disparity can be attributed to the higher ownership of smartphones among males versus females in the region, with these devices offering easy, anytime access to social media.
Retail sector sales in the Gulf states are expected to grow at a CAGR of 8.3 percent between 2010-2015, reaching $240.3 billion by the end of the forecast period, a report said.
Millions of unemployed youths, with little hope of work, and no education, and a possible inclination to radical answers would indeed be a serious threat to any society. But millions of well-educated 20-somethings, heading for 21st century jobs in new technologies, would be a terrific asset to any Arab state.
As Islamic Finance has made a lot of progressive research in Agricultural finance bringing a number of pragmatic and useful choices which if implemented can bring revolutionary development to the economy.
Lebanon’s budget deficit in the first 10 months of 2011 fell by LL858 billion ($572 million) compared to the same period of last year to reach LL1.471 trillion or 21.42 percent of total spending, the Finance Ministry said Wednesday.
Rashad Kaldany, vice president of the IFC, said between $300 million and $500 million of the capital would go to projects to collect gas that is currently flared at oil fields.
November 2, 2011
Moody's Investors Service in a major move has downgraded the local-currency (LC) deposit ratings of five Egyptian banks following the downgrade to B1 of the Egyptian government bond ratings.
JEA President Abdullah Obeidat said studies indicate that Jordan's economy will become one of the leading economies in the Middle East if its mineral resources, such as oil shale, uranium, copper and gold, are wisely and soundly invested.
The UAE economy is resilient and still presents many investment opportunities in both the long and short term, Mohammad Al Aryan, CEO and Co-CIO of Pacific Investment Management Company (Pimco), a global investment management firm, said yesterday.