May 22, 2012
Etisalat, the UAE’s largest Internet provider is cutting the price of its high-speed broadband Internet packages by up to 50 percent.
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.
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.
There was significant demand for the U.S. dollar in some banks today, but this was not a rush.
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.
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
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 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.
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.
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).
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.
In Bahrain, the mutual funds industry is one of the fastest growing segments of the overall financial sector.
May 20, 2012
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.
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.
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.