Featured Articles

March 1, 2012

The study highlights several challenges confronting the sector in the UAE stating that the local IT sector is relatively small and focused on bringing in talent from overseas
18:00 GMT
The internet use in the UAE is among the cheapest and the fastest in the Middle East.
The social-ad industry that has sprung up around Facebook is comparable to the search-engine marketing boom that followed Google Inc’s emergence as the dominant Web-search provider
17:17 GMT
Marketers eager to reach Facebook’s 845 million users pay these software-savvy go- betweens fees as high as millions of dollars a year to create pages where customers can get discounts, participate in contests and interact with fellow fans.
The kingdom’s manufacturers are at the mercy of the global market dynamics
15:40 GMT
The performance of Bahrain’s traditional export-orientated heavy industries is less sensitive to local issues.
Magda Kandil, executive director of the Egyptian Center for Economic Studies (ECES), says that “there is no harmonization between employment policies and productivity”
08:29 GMT
Rather than imposing a unified minimum wage across the country, experts advise seeking alternatives that factor in regional and sectoral variations as well as imbalances in standards of living, growth and productivity.
“International tourism hit new records in 2011 despite the challenging conditions,” says UNWTO secretary-general Taleb Rifai
07:50 GMT
Internatiobal tourist arrivals grew by over four percent in 2011 to 980 million, according to the World Tourism Organisation’s (UNWTO) latest World Tourism Barometer.
Dubai is a global and enabling business hub strategically located between East and West
07:22 GMT
Under the tagline “Dubai means business”, the campaign emphasises its strategic location between east and west and showcases its success stories in trade, infrastructure and entrepreneurship.

February 29, 2012

Despite the global economic slowdown impacting UAE real estate adversely, government investments in critical national infrastructure projects have continued
19:50 GMT
The combined value of current construction projects in the UAE is about $1.25 trillon (Dh4.59 trillion).
Much of the surplus funds would be deployed in developmental projects
18:51 GMT
The crude exporting countries know very well that the windfall gains do not last for long. This has happened before and will happen again. The countries may have already planned how they are going to use their surplus from oil revenues.
On the Middle East growth, IATA said the regional airlines enjoyed a 9.4 percent rise in demand, the healthiest performance among the regions
17:39 GMT
The International Air Transport Association (IATA) said global traffic continued to rise in January showing a 5.7 percent jump in passenger demand, but air freight demand fell 8 percent over last year.
"The credit growth is reflecting liquidity in the banking system and a strong balance sheet of banks," said Khatija Haque,a senior economist at Emirates NBD
10:48 GMT
Credit growth in Saudi Arabia has rebounded strongly after falling to close to zero in 2009 as the global financial crisis hit.
Due to Greece optimism coupled with easing from Chinese bourses metals pack remained bullish
09:40 GMT
Base metal prices rallied the most in 2012 for the week gone by and prices gained by 2.8 to 7.9 percent.
A clear fluctuating demand on motor vehicles and aircraft, having accordingly these orders of durable goods fall to their lowest in three years
08:57 GMT
The Commerce Department of the world's leading economy showed that the durable goods orders throughout the month of January dropped significantly and gloomily by 4.0 percent.

February 28, 2012

Once a leading Internet company, Yahoo now finds itself trailing behind newer entrants like Google and Facebook
20:14 GMT
Yahoo is threatening action unless Facebook licenses some of its technologies, as other web and technology companies are said to have done.
Sweden has confidence in Egypt's economic future
19:30 GMT
Swedish Ambassador Malin Kärre said: “Swedish business in Egypt is relatively stable and many companies have reported a considerable growth in their income.
In the most optimistic case, all the money which can be allocated to job creation will not exceed 80 billion dollars
17:31 GMT
To create one million jobs annually, the country faces $120 billion deficit,” Deputy Majlis speaker Mohammad-Reza Bahonar told ILNA news agency.