August 26, 2012
In less than two months after assuming office, Egypt’s President Muhammad Mursi decided to face up to the country’s mounting economic problems head on by first placing a request for a loan from the International Monetary Fund (IMF).
August 23, 2012
Gold will extend a bull run as emerging-market central banks and investors accumulate the metal to protect against weakening currencies.
Majority of the residents in MENA region have either maintained or improved upon their financial status in the past 12 months, with more positive sentiments for the year to come, according to a survey.
Explorers will very likely find substantial quantities of natural gas and possibly oil off the Lebanese coast, according to a top executive at a Norwegian company carrying out the first 3-D seismic survey of Lebanon's offshore deposits.
August 22, 2012
In Kuwait, respondents forecast a better financial climate and economy, with improved business conditions and more jobs available.
Moody's Investors Service says Oman's A1 foreign and local currency government bond ratings and stable outlook balances its considerable financial strength against long-term structural economic challenges.
GCC investors have shown increasing interest in the UAE, the second biggest Arab economy, purchasing 32 percent more properties in 2011 than in 2010.
August 20, 2012
The resignation of Arab Bank Chairman Abdel Hamid Shoman signals the end of an era for the family that controlled and managed one of the Middle East’s largest financial institutions for over 80 years.
August 16, 2012
Iran sanctions curbing oil outflows and declining US inventory data have added fuel to fire, said Renisha Chainani Manager Research Edelweiss Commodity section.
OPEC crude output fell for a second month in July as Saudi Arabia cut production and Iran pumped less than Iraq for the first time in at least 20 years.
Saudi Arabia largest export and re-export market for Dubai Chamber members in first half of 2012 with a total value of Dh36.3 billion, a recent study developed by Dubai chamber of commerce and Industry said.
August 15, 2012
Silver prices are more volatile than gold. And over the past five years gold has actually been a slightly better performer. The central banks hold gold, not generally silver.
Most leisure hotels also experienced slight occupancy drops, according to hoteliers and market experts, with Ramadan falling in the midst of summer this year.
Indians have emerged as the top foreign property buyers in Dubai, ahead of their Pakistani and British counterparts, as foreign investors have injected more than Dh22 billion in the real estate sector in one of the largest cites in the United Arab Emirates.
August 14, 2012
Compromises in security are necessary to make cloud services easy to use for non-technical consumers, experts have said.