Featured Articles

May 15, 2012

To get there, retailers must meet a short list of rating categories ranging from water and energy to materials and operations
10:29 GMT
Retailers are adopting eco-friendly measures in their mall fit-outs across Dubai to reduce the impact of doing business on the environment, says a major retailing firm.
Global oil demand is forecast to grow by around 900,000 barrels a day in 2012
09:49 GMT
Crude oil continues to be an enigma for market analysts policy makers and the layman alike whether it is related to its supplies pricing and environmental issues despite the fact that crude oil per se can't be used as such by anyone.

May 14, 2012

Journalists still based in Bahrain have also tried to work around the restrictions imposed on them
16:25 GMT
One of the clearest (and most dire) changes over the past year has been the disappearance of independent voices in traditional media outlets (newspapers, television and radio).
There are very good financial reasons for embracing the green revolution
16:02 GMT
Academic studies have shown that consumers value the green credentials of a company and are prepared to pay a premium price.
The spending problem has paralyzed the work of the Cabinet and [state] institutions
15:45 GMT
Prime Minister Najib Mikati is optimistic about finding a solution for the problem of extra-budgetary spending, which is threatening to throw the government into disarray, during Wednesday’s Cabinet session, Information Minister Walid Daouk said Sunday.
Islamic finance has experienced rapid growth in Saudi Arabia
10:51 GMT
The Saudi banking sector is now characterized by robust financial health and ample liquidity.
With energy accounting for 30 percent of production costs for manufacturers, the raise will directly affect manufacturers
09:10 GMT
The industrial sector is leading the campaign against the anticipated rise in electricity rates, which comes two months after a previous proposed rise in rates that was later suspended under popular pressure.
According to the survey, the fixed voice and fax lines are the most commonly used type of connection by businesses
08:42 GMT
The average monthly spending on mobile services has decreased in Bahrain since 2007 as competition intensifies between mobile services providers, with the greatest expenditure cut experienced by large businesses, said a survey.

May 13, 2012

Oman is planning an ambitious 1,061km railway project
16:02 GMT
Oman is poised for phenomenal growth in next five years and the country’s landscape will change like it did in the early 1980s, according to a top businessman.
While online media is the main technology news channel, print media has held up remarkably well
15:18 GMT
Online media remains the most popular way for senior executives to source technology industry news according to Eurocom Worldwide’s 2012 technology market survey.
Within a year, South Sudan will try to ship 10 to 15 percent of its oil production through lorries
15:01 GMT
South Sudan's economic crisis is looming just nine months after it became the world's newest country when it separated from the Republic of Sudan.
Dubai already cares for more than 500,000 medical tourism visitors per year
11:44 GMT
The medical tourism industry is predicted by experts to become a $100 billion (Dhs 367.3 billion) global industry sector by the end of this year.
Since 2008, gangs of Somali pirates have carried out more than 800 attacks on ships as diverse as private yachts to oil supertankers
09:22 GMT
For the pirates, it is big business, earning them US$160 million (Dh587.6m) last year in ransom for the return of ships, cargo and crew. For the world economy, it is a major drain, with piracy off the Horn of Africa alone costing an estimated $7 billion a year.
Lebanon’s economic growth accelerated to between 3 percent and 3.5 percent in the first quarter of this year as air traffic rose 10 percent and tourism in the capital, Beirut, recovered, Salameh said
07:59 GMT
Lebanon’s banks are attracting more deposits and reducing exposure to government debt, Central Bank Governor Riad Salameh said.

May 10, 2012

In the UAE, the abiding law for intellectual property (IP) protection is Federal Law No. (7) of 2002  — or the Copyright Law  — which would in theory protect authors. While the regulatory regime that the law sets out is clear enough, putting it into practice takes some doing
16:00 GMT
Fighting a seemingly losing battle against illegal downloads and file-shares, music and movie distributors in the UAE have been given hope by a recent landmark judgment in the UK.