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May 22, 2012

It remains to be seen if Etisalat’s duopoly competitor du will follow its lead
16:59 GMT
Etisalat, the UAE’s largest Internet provider is cutting the price of its high-speed broadband Internet packages by up to 50 percent.
The gas projects will be used as feedstock for the petrochemicals industry
16:11 GMT
Iraq plans to build on its nascent gas sector to power a new petrochemicals industry, looking to foreign firms to invest $35-50 billion from 2017-2023.
Online media now offers greater interaction with consumers
15:37 GMT
According to the Arab Media Outlook, published by Dubai Press Club and Deloitte, there was a 10 percent decline in advertising spending last year, led by falls in Egypt.
Bankers did indicate that the foreign exchange trading situation could accelerate if rival politicians remain stalemated in their positions
13:21 GMT
There was significant demand for the U.S. dollar in some banks today, but this was not a rush.
Surveyed oil and gas executives worry more about retention than leaders in other sectors
12:38 GMT
The majority of oil and gas executives in the Middle East anticipate a looming talent shortage in all skill categories, the most pressing of which is in operations (81 percent), said a report.
Companies in Jordan have seen a rapid proliferation of employee-owned devices such as smartphones, tablets and laptops
08:44 GMT
When employees feel their work is flexible and that they can work from wherever they are, even after office hours, they can contribute more to their work and be more loyal.

May 21, 2012

For the first time, Islamic banks were reaching customers for whom the commercial aspects of banking were just as important Islamic opportunity
15:46 GMT
In 2012, Islamic banking assets are expected to reach US$1.1tn globally, up 33 percent on 2010, according to Ernst & Young. Within just a few years, Islamic banking has transformed into a global industry.
Saudi production reached a 31-year high at 9.923 million barrels per day (bpd) in March, marginally more than Russia's 9.920 million bpd
15:25 GMT
Saudi Arabia has overtaken Russia as the world's biggest producer of oil for the first time in six years as the kingdom tries to compensate for declining Iranian exports and attempts to push crude prices lower.
Ezdan is listed as one of 500 top capitalisation Arab companies listed for the year 2011
15:03 GMT
According to the list of the 'Finance and Business', the specialised business magazine, the market capitalisation of Ezdan Real Estate Company reached $16,165,590,000 at the end of 2011.
Saudi Arabia topped the list of Arab states in terms of non-oil trade with the UAE in 2011
12:42 GMT
The non-oil foreign trade sector in United Arab Emirates surged to nearly Dhs1 trillion during 2011, according to recent figures released by the Federal Customs Authority (FCA).
Today’s Euro crisis is a clear case of conflict between monetary and fiscal policies
11:56 GMT
Policy makers failed to sufficiently take into account growing macroeconomic imbalances that contributed to the buildup of systemic risks in the financial system and in housing markets.
There are 100 Islamic funds incorporated and registered in Bahrain with total assets of $1.7bn as of March 2012
09:27 GMT
In Bahrain, the mutual funds industry is one of the fastest growing segments of the overall financial sector.

May 20, 2012

The Islamic funds industry has gained significant interest as a viable and efficient alternative model of financial intermediation
15:42 GMT
With an estimated growth rate of 15-20 percent, the Islamic finance industry will continue to be one of the fastest growing components of the global financial system, industry experts have asserted.
Preserving political stability will boost economic growth and enable Lebanon to attract foreign investment
15:23 GMT
The economy needs a thriving tourism season to compensate for the current political and economic crises, said the head of the Economic Association Adnan Kassar Thursday.
Small and medium players are now increasingly launching franchises
15:06 GMT
Abu Dhabi issued more than 2,000 new commercial licences in the first quarter of the year. But the number of licences issued each month decreased between January and March.