March 20, 2012
The current crude scenario has the potential to derail growth and push global economy into recession and indeed depression, most agree.
By 2030, Abu Dhabi mass transport system will be more than sufficient to serve all commuters, leaving wider spaces for those who would prefer to walk or ride their bicycles to work.
March 19, 2012
The total direct contribution of travel and tourism to gross domestic production (GDP) in GCC countries is expected to reach $44 billion this year, up 27 percent from 2009.
The most seductive argument in the investment universe at the moment is that the liquidity pouring into global financial markets guarantees a continued rally into the distant future.
The fact remains that the number of Emiratis pursuing a career in education is skewed in favour of the women, which yields a clear imbalance in the country’s education system.
A comprehensive political settlement in Sudan is a crucial prerequisite to resolving the current economic crisis, an opposition figure said.
The Middle East stock markets, particularly the Gulf markets, are ready for a sustainable rebound as strong macroeconomic fundamentals and attractive valuations are improving the investor sentiment and risk appetite.
Average mobile phone penetration in the region is estimated to exceed 100 percent in 2012.
March 18, 2012
The rise in oil prices since October 2011 has a positive correlation with a rise in global equity markets, indicating that other factors are contributing, such as better than expected economic numbers and liquidity provided by central banks.
With a robust diversification strategy, the Middle East, and particularly the UAE, has also successfully nurtured some of its local companies, allowing them to emerge as global players.
Egypt's Suez Canal posted a single day revenue of LE 117 million ($19.4 million) on Wednesday, according to head of the canal authority.
Surviving the retail industry has always been a harrowing experience, with changing economic conditions and evolving consumer tastes.
Qatar is set to see the fastest growth in tourism this year, with the World Travel & Tourism Council forecasting 13.2 percent growth.
Late last month, merchants threatened to increase the prices of food items, particularly frozen meat, poultry and dairy products, by 20 percent as of early March in response to a government plan to raise electricity tariffs as traders were expecting their power bills to double.
March 15, 2012
Saudi Airlines Cargo and the National Shipping Company of Saudi Arabia established a three-year agreement toward freighting NSCSA urgent goods and equipment through Saudia Cargo.