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January 18, 2012

The forecast from the (UNWTO) includes a prediction that the number of international tourist arrivals worldwide will reach one billion this year
10:41 GMT
"The Middle East is forecast to start to recover part of its losses from 2011," the UN World Tourism Organisation UNWTO said. It is projecting flat to 5 percent tourism growth for the region.
The country’s airports reported steady increases in traffic during the year, according to data released by the Shaikh Zayed Air Navigation Centre
09:32 GMT
Air traffic movement in the UAE recorded a 7.6 percent jump in 2011 over the previous year despite global challenges.
The rial has been falling for almost a year since Mr. Ahmadinejad slashed costly fuel and food subsidies, stoking inflation
08:43 GMT
The Iranian currency has shed about 40 percent of its value against the dollar this month. The soaring costs of food, rent and utilities are constricting the average urban family's monthly income of about Dh2,000.
The Paris-Sorbonne University has a rich history and reputation that cannot be compromised, irrespective of location
07:28 GMT
Opening the doors of the renowned Paris Sorbonne University in Abu Dhabi (PSUAD) to the nation’s rapidly expanding student community in October 2006, was a step towards achieving the UAE government’s vision to becoming one of the top five education destinations of the world.

January 17, 2012

The study looks at the level of freedom in four main sectors: rule of law, limited government, regulatory efficiency and open markets
17:30 GMT
Lebanon's economy ranked as the 10th most liberal in the Middle East and North Africa region (MENA) and 90th in the world, according to the 2012 Heritage Foundation Index of Economic Freedom.
Boosting small and medium enterprises (SMEs) in Egypt is a key to developing the economy, officials said
12:53 GMT
Egypt saw FDI fall to $440.1 million from July-September from $1.60 billion a year earlier, helping to create a $2.36 billion deficit in the balance of payments versus a surplus of $14.7 million a year earlier, according to Reuters.
Solar power begins to become competitive with conventional generation when oil or LNG prices exceed US$80 per barrel
11:19 GMT
The region's advantages in solar power have long been known: its sunny climate; and the close match between peak demand (midday in summer, driven by air conditioning) and the maximum energy available from the sun.

January 16, 2012

It should be highlighted that projects that have been conceived in 2006 and 2007 should be seriously re-looked into with the benefit of the new hotel and tourism landscape
18:45 GMT
Within weeks, the full extent of the downturn in the property market became apparent and lavish hotel projects across the emirate ground to a halt. More than three years on, some of those developments are lurching back to life, further signs of a recovery in the sector.
Bearing in mind 2011 was the third consecutive year of the global downturn experienced by the GCC markets; the Qatar real estate market performed relatively well
17:59 GMT
Residential rents in Qatar were “broadly stable” across all locations in the fourth quarter (Q4) of 2011 while the number of transactions and enquiries increased as demand picked up, according to property consultancy Asteco.
The rationale behind gold's slide in the last four months of 2011 is the ongoing concerns of investors concerning the financial crisis in Europe
17:08 GMT
Gold entered a bear market in late 2011 which was confirmed by gold's closing below its historically significant 30 week moving average. This doesn't happen very often which indicates the technical significance of the event.
“Like all other emerging markets, there has been some spillover from the political instability in the region, mainly due to heightened risk aversion among institutional foreign investors,” said Dr. Fabio Scacciavillani, chief economist at Oman Investment Fund
13:56 GMT
Talk of a potential merger of the UAE’s exchanges has rumbled on for years, but there is a growing feeling among analysts that action needs to be taken now in an attempt to revive the country’s lethargic capital markets scene.
The problem is that businesses crave the functionality and savings of virtualisation and cloud at the expense of security, Caviello said
12:58 GMT
Businesses are so busy rushing into virtual and cloud environments, they are missing the opportunity to build security as they adopt them, says executive chairman of RSA Security, Art Coviello.
Dubai is now home to about 40 shopping malls. Retail accounts for around 30 percent of gross domestic product in the Emirate
10:27 GMT
The bulk of disputes seen early in the year centered on refunds and exchanges and behaviors by sales staff, the Department of Economic Development said, as stores clamped down on the return of products.

January 15, 2012

Including all hydro power, Ameen said, renewable energy accounted for about 50 percent of total added power generating capacity in 2010
17:51 GMT
There are encouraging signs of the increasing utilisation of renewable energy everywhere, said Adnan Z Ameen, director general of International Renewable Energy Agency (IRENA) in his speech.
In early November, international ratings agency Moody’s said it was maintaining its negative outlook for the UAE’s banking system
17:50 GMT
Though mergers and restructuring by some local lenders is expected to produce a leaner sector, it should also become stronger and thus better able to meet the demands of the rapidly changing financial landscape.