Featured Articles

September 5, 2012

The West is not alone in the pursuit of renewable energy capacity. Middle Eastern countries are on the same path and that includes Iran
14:17 GMT
Iranian officials also said at the time that private companies had signed contracts to build more than 600MW of biomass systems and 500MW of new wind energy projects.
Luxury items and equipment witnessed a sharp decline
11:50 GMT
Demand for basic commodities in the second quarter of 2012 rose slightly compared to the same period of 2011 despite a surge in prices, a study by Beirut Traders Association and Fransabank showed Tuesday.
Job seekers with analytical and management experience have been high on companies hiring agendas, with a rise of commercial roles filtering through
08:19 GMT
The job opportunities were up across the board in the UAE this year compared to the 2010 and 2009, buoyed by Abu Dhabi's economic growth, which has led to an exponential rise in vacancies in the emirate, according to a survey.

September 4, 2012

Some oil majors have begun signing deals with Iraq’s autonomous Kurdistan region
15:05 GMT
Delays in Iraq’s pipeline construction threaten to stall production at Royal Dutch Shell’s Majnoon oilfield for at least three months, forcing the field to miss a 2012 target of 175,000 barrels per day (bpd), oil ministry documents showed.
UAE non-oil private sector companies increased their purchasing activity during August
14:29 GMT
Output, orders and employment all continued to rise, while there was further stock accumulation as companies retained positive forecasts for growth.
Traditional market segmentation no longer holds true
13:26 GMT
According to Ernst & Young’s 2012 MENA Customer Barometer, MENA consumers are among the most brand loyal consumers in the world.

September 3, 2012

The world faces a huge challenge
14:27 GMT
The price of oil would surely collapse if we saw a significant economic downturn in China (something nobody can rule out) or if Iraq succeeds in producing even half of its ambitious production targets.
On an annual basis, real gross domestic product (GDP) expanded 4.3 per cent in the second quarter after a 5.9pc jump in January-March
14:16 GMT
Bahrain's economy has returned to a solid growth path after last year's unrest, Central Informatics Organisation (CIO) said yesterday.
Eleven days after the cyber attack, the company was still trying to establish the identity of the attackers
14:10 GMT
State oil producer Saudi Aramco is still repairing damage from a virus which infected thousands of employee computers in mid-August but the control systems and oilfield data are unaffected, sources familiar with the matter said.

September 2, 2012

The Gulf doesn’t have the same deep-seated issue as elsewhere of needing to revive demand to pay off debt
13:19 GMT
Inflation under control, and the overall financial balances of government budgets and balance of payments on current account in comfortable surplus.
The sanctions have affected the distribution of income in the region, so Iran is getting less and the Arabian Gulf is getting more
12:52 GMT
Millions of dollars have reportedly been pouring into the GCC from increased oil sales since an international embargo was imposed on Iran in July, according to Bahrain-based experts.
The majority of non-OPEC supply growth is likely to come from North America
12:01 GMT
Global oil demand is expected to rise by 0.8 – 0.9 million barrels per day (around 1 percent) in 2012, above last year’s increment though below the historic average, said a report.

August 30, 2012

White-colored cars hold the best market value, beating black, silver or blue colored cars.
16:19 GMT
According to valuation experts CAP, white cars typically hold about five percent more of their value than the market average for a typical used car while blue cars still languish below market average values.
Egypt backs rights of countries to have peaceful nuclear energy and calls for a Middle East free of nuclear and mass destruction weapons
15:51 GMT
Egypt's President Mohammad Morsi voiced support for countries in pursuit of peaceful nuclear energy in an address to the 16th summit of the Non-Aligned Movement (NAM) on Thursday.
Prices of gasoline and petroleum products reached the highest levels in four months Wednesday
15:20 GMT
Soaring fuel prices have exacerbated Lebanon’s already battered economy as rising production costs put more pressure on industrialists and farmers, economists said Wednesday.