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November 21, 2011

"Mobile shopping is likely to play a bigger role than PC-based online shopping in future," according to the TNS report entitled Digital Life, making reference to the Africa and Middle East (AME) market
15:18 GMT
About 29 percent of internet users in the Emirates have bought goods or services using smartphones, compared with 26 percent using PCs, according to a study by the research firm TNS Global.
There have been fears that sanctions imposed on Syria may impact Lebanon, due to the close relationship between the two countries
15:01 GMT
The Treasury and its partners in Europe and the Middle East are focusing on more than a dozen Lebanese banks that hold branches in Damascus, according to the newspaper Saturday.
If Arab countries decide to endorse economic sanctions against Syria, Kabariti voiced hope that Jordan will not implement such penalties
10:10 GMT
The economic experts expressed hope that the Kingdom will not take part in enforcing the expected economic sanctions by the Arab League against Damascus to stop an eight-month violent crackdown on protesters.
UAE turnover was a little bit better, which indicates there are some buyers accumulating in select names
09:10 GMT
Egypt’s benchmark index tumbled to a six-week low Sunday after renewed street violence in Cairo and in other cities, and Kuwait fell after protesters stormed its parliament.
Both the IPOs in the third quarter 2011 were in Saudi Arabia raising a total of $219 million, with Hail Cement Company raising $131 million and United Wire Factories Company raising $88 million
07:51 GMT
The Gulf Cooperation Council (GCC) initial public offering (IPO) market continues to remain sluggish with only two listings in the region in the third quarter of 2011 as compared to the three in the second quarter, says PricewaterhouseCoopers (PwC).

November 20, 2011

The ease-of-paying-taxes rankings are compiled through three sub-indicators: the number of tax payments, the time afforded for compliance and the total tax rate
16:00 GMT
In order to rank countries based on the aforementioned criterion, the study involves recording the taxes and mandatory contributions that a medium-size company must pay in a given year, as well as measuring the administrative burden of paying taxes and other contributions.
Several Western nations have sent trade delegations, no big winners have emerged yet in the race for contracts
15:57 GMT
Within days, Prime Minister Abdul-Rahim al-Keib will name a new government that will have the tough task of asserting the National Transitional Council’s control of a fractured country, reviving the economy and introducing democracy.
Each day brings more signs of weakness from the Assad regime
15:10 GMT
The question is whether this latest step of The Arab League against the President Bashar Assad regime, which has killed more than 3,500 citizens since the spring, will lead to more concrete changes in Syria.
On Thursday, the UAE markets saw extremely low volumes amid a complete lack of investor risk-appetite
09:16 GMT
Analysts say there are very few signs the European Financial Stability Fund or the European Central Bank will have the funding or mandate to provide the financial support that the Eurozone needs to dampen the crisis.
The Egyptian public is unhappy with the deal seen to provide gas to the Jewish state too cheaply
08:50 GMT
Pipeline bombings by Islamist groups have cut off Israeli gas supplies from Egypt, forcing the Jewish state to seek up to one million tonnes of gasoil on the international market to secure its energy needs for 2012.
Last autumn the downswing failed to materialize for gold and silver and those who held on reaped big rewards and the market timers lost one of the few recent opportunities to make money
08:09 GMT
The sharp drop in the gold and silver price last week to around $1,720 and $32 respectively, in the context of rising eurozone yields and falling global stock markets is setting the scene for a 2008-style correction.

November 17, 2011

Several sectors saw positive year-on-year growth in the second quarter
15:47 GMT
Bahrain's economy is likely to have a stronger recovery during the second half of 2011 as some sectors have already picked up economic activity, in particular manufacturing and to some extent the finance sector.
With the IAEA berating Iran for its nuclear programme, it seems bewildering that the very real and present dangers of these terrifying, madcap projects have passed them by
15:32 GMT
Previous “concerns” expressed have been that Iran has vast oil reserves, so there must be a weapons-related reason to expand nuclear power.
According to experts, PPPs would improve the quality of utilities and transport services while simultaneously promote employment and economic growth
15:24 GMT
Unlike privatization, which involves the outright sale of the state’s assets, a PPP is typically a long-term contract between the government and a consortium of private sector companies through which the private party provides the bulk of financing and assumes technical and operational risks in return for revenues from consumers or the state.
The global drive to find enough energy for the rapidly increasing world population will find governments all over the world having to insist on their right to nuclear power as a matter of urgency
08:35 GMT
Nuclear power can no longer be treated like a luxury which can be limited to the rich nations of the West, but has to become a standard part of any nation’s power architecture.