September 2, 2012
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.
Mobile has truly become a global phenomenon and looks to be the de facto standard model as the rise of the SmartPhone and mobile internet usage becomes an everyday commodity.
While Samsung Electronics is reeling from a patent pounding by its smartphone rival Apple, this is unlikely to damage the other part of their relationship - where Samsung is the sole supplier of Apple-designed chips that power the iPhone and iPad.
August 28, 2012
Iran, the sanction-hit nation, has been routinely switching off satellite tracking systems on its sea-bound oil tankers for more than a month, in what US officials and industry analysts describe as a cat-and-mouse game with Western governments.
Egypt seeks to sign a free trade agreement with Russia and increase its exports to the country that has recently become the 156th member of the World Trade Organisation (WTO).
Saudi Aramco is back on line and operational. This past Sunday, Saudi Aramco announced that all workstations had removed the virus and everything was back to normal.
August 27, 2012
IMF approval of Egypt's request for nearly $5 billion in aid would come as a vital boon to its reeling economy but President Mohamed Morsi must at the same time enact tough reforms, analysts say.
Now, the GCC is looking to continue its efforts by spending some $252 billion over the next five years to increase energy production.
The sudden increase in the number of digital media companies offering social media, internet marketing and cloud computing solutions in the GCC is creating an unprecedented demand for highly specialised IT professionals.
August 26, 2012
With the financial world on the edge of its seat waiting to hear the words of Fed chairman Ben Bernanke from Jackson Hole this coming Friday this is not the time to be buying equities. It would be pure speculation and not an investment.