September 5, 2012
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.
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
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.
Output, orders and employment all continued to rise, while there was further stock accumulation as companies retained positive forecasts for growth.
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 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.
Bahrain's economy has returned to a solid growth path after last year's unrest, Central Informatics Organisation (CIO) said yesterday.
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
Inflation under control, and the overall financial balances of government budgets and balance of payments on current account in comfortable surplus.
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.
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
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'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.
Soaring fuel prices have exacerbated Lebanon’s already battered economy as rising production costs put more pressure on industrialists and farmers, economists said Wednesday.
August 29, 2012
Bahrain has been and continues to be an attractive tourism and hospitality market.