Featured Articles

February 22, 2012

Dubai-based industrial bakeries are calling on the government to give them equal opportunities as they face stiff competition from their counterparts in Abu Dhabi
14:18 GMT
Manufacturers and retailers are forced to swallow the increases rather than pass them on to customers such as hotels, supermarket bakeries and the end-consumer — a move that is not sustainable in tough economic times, they told Gulf News.
Nahhas, who is refusing to sign off on a transport allowance decree whose legality he disagrees with, took a seeming final step Tuesday by tendering his resignation
13:19 GMT
To legislate the transport allowance or not to legislate the transport allowance?
In terms of online banking, the internet is becoming a popular channel for processing banking transactions, with four out of ten respondents engaging in at least one online banking transaction on a monthly basis
12:26 GMT
MENA has announced the findings of a UAE-focused deep dive report which shows that search engines are the most used and most preferred tool for finance research.

February 21, 2012

Inflation in the Arab world's biggest economy averaged 5 percent last year
16:38 GMT
A global drop in food costs and a weak property market are helping to offset increased government spending to keep inflation in check across the Gulf, the latest data suggests.
Beirut was ranked in 35th place globally and first place in the region in terms of the price of an apartment relative to its rent, or the price-to-rent ratio
16:28 GMT
Beirut apartments are still among the most expensive in the MENA region, and Lebanon’s real estate trend is unlikely to remain sustainable, said a recently issued report.
Ever since the 15-year Civil War ended in 1990, the country has faced daily power outages, which have gotten worse with time
16:00 GMT
Ironically, Lebanon, which has one of the world’s worst carbon footprints per capita, has some of the best potential for renewable energy, most of which has yet to be tapped.
To put International tourism in its proper perspective, the sector is directly responsible for 5 percent of the world's GDP
12:45 GMT
According to the report, 'International tourist arrivals grew by over 4 percent in 2011 to 980 million, up from 939 million in the previous year.
Throughout the evolution of the financial-services industry, banks have harnessed new technologies to offer current and prospective customers increasingly sophisticated products and services
09:18 GMT
The region’s banks may be feeling energised by the innovative potential technology is creating when it comes to new products and services, but it is not without its challenges.
"Today we are trying to look for alternatives to export Iraqi oil," said Shukri, whose OPEC member country is home to the world's fourth largest oil reserves
08:28 GMT
Iraq could lose more than half of its oil-exporting capability if neighbouring Iran shuts the vital Strait of Hormuz shipping lane, Iraq's planning minister said on Monday.

February 20, 2012

Aviation is a key economic contributor
16:47 GMT
Policies that support aviation’s competitiveness deliver wide-ranging benefits across economies by connecting business to markets,” said Tony Tyler, IATA’s Director General and CEO.
Food and agricultural exports to the UAE from South Africa, including fruit, sugar cane and ostrich meat, increased by about 3.5 percent last year compared with 2010
16:37 GMT
Countries are more than ever striving to boost their food exports to the highly import-dependent UAE as well as to the rest of the Middle East.
Gold, silver and oil go up because of fixed supply and the desire by investors to get out of devaluing currencies
16:19 GMT
Money or additional liquidity is being injected into the global economy. When will it stop? Can it be stopped?
Following the ban on exports, Al-Jouf Cement Company announced it had increased its prices to SR260 per ton from SR200
09:20 GMT
The ministry said it stopped exports in order to put an end to the cement crisis.
The situation in Bahrain is much better than people expected
08:35 GMT
Bahrain's financial system remains resilient, liquid and strong despite the recent unrest.
The Brotherhood and its businesspeople know that Islamic banking accounts for less than 4 percent of the local banking industry
07:36 GMT
The Brotherhood’s economic policy may represent little change from the past two decades, as Egypt’s economic policy maintained massive subsidization while conducting, or at least promising, pro-business reforms.