August 15, 2012
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.
Criticism of the slow progress on inviting companies to explore for hydrocarbons in the waters off the Lebanese coast is becoming louder.
Omanis are reporting a growing disconnect between their job requirements and the preparation they have received for those requirements through their education, compared to foreign workers, according to the preliminary findings of Qudurat research.
August 13, 2012
The property market in Oman has seen strong peaks and troughs in recent years, but the future has never looked brighter, says one of the country's experts in property investment.
Iraqi Kurdistan’s crude oil is plentiful and easy to get at. But the companies working there under contracts with the semi-autonomous Kurdistan Regional Government (KRG) are not getting much out.
Saudi Arabia's index advances to a fresh 11-week high, boosted by food stocks, but volumes slump as investors wind down ahead of the upcoming Eid holiday.
August 12, 2012
Electricite du Liban announced Friday that electricity production will start improving as of Monday in most Lebanese areas after the technical teams nearly completed maintenance work on some of the power plants.
The Qatar government has loaned Egypt $2 billion in an effort to assist Cairo in bolstering its struggling economy, the official state-run MENA news agency reported on Saturday.
Gold and silver prices are showing signs of renewed life after a long trek sideways since the highs of last year.
August 9, 2012
“Real gross domestic product growth in the GCC is seen dipping from 5.1 percent in 2012 to 3.5 percent in 2013, though the decline is largely due to a policy-driven cut in oil output from Gulf OPEC members”.
Sudan's ruling National Congress Party reiterated that oil deal with South Sudan cannot be implemented without a comprehensive agreement over the remaining unresolved issues, particularly the security matters.
How can the region's operators capitalise on this positive outlook for the oil industry, compete positively against their rivals and ensure that they get a significant slice of market share?
August 8, 2012
The global economic recovery has slowed down again in early 2012, according to a worldwide survey of finance professionals.