Featured Articles

July 8, 2012

There are as many brands and retailers who are prepared to wait
09:56 GMT
The only criteria for the brands - and their franchise partners - is that they get in now as store rentals firm up and inch their way back to pre-2008 peaks.
GCC countries are still suffering from the hangover of the days of leveraged financing characterized by large-scale domestic projects
09:15 GMT
Foreign direct investment (FDI) to the Gulf dropped by 35 percent in 2011, says a new report from UN Conference on Trade and Development (UNCTAD).
There is a high probability that the taxis many people take in the busy streets of Beirut and around the country are not really taxis
08:24 GMT
According to Interior Minister Marwan Charbel, half of the country’s taxis are providing transportation services with fake registration papers and fake red license plates, which is designated for the “public” transportation sector.

July 5, 2012

GCC banks' lending and investment exposures to the euro zone are very limited
14:36 GMT
Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from euro zone turmoil for the rest of 2012 and 2013.
Saudi Arabia’s construction sector has been awarded $71.2 billion in contracts by the government in 2011
14:15 GMT
Saudi Build 2012, set to be held from November 11 to 14, will serve as a key networking platform that will provide contractors, real estate developers and building owners with a full range of construction and building solutions.
Tourism is apparently not the only sector waiting for a sign to go ahead
13:44 GMT
The fears over possible changes to governmental tourism policies under a new leadership that subscribes to a more fundamentalist interpretation of Islam have caused the tourism industry to expect all sorts of problems.

July 4, 2012

The Iranian nation will not surrender under threats and pressures
10:50 GMT
The United States and the European Union (EU) have, by continuing the approach of sanctions and pressure, practically jeopardized the global energy security and balance.
The use of LNG rather than gas oil would dramatically cut the energy bill
10:32 GMT
The future of Lebanon’s energy market looks bright provided that plans to use Liquefied Natural Gas as an alternative fuel source to gas oil materialize.
The best money is not so much “smart” as it is experienced.
10:02 GMT
Startups have to create something of real value to have meaningful economic impact in the long term.

July 3, 2012

Airlines are expected to return a $3 billion profit in 2012 on $631 billion in revenues
10:51 GMT
Middle Eastern carriers led the industry in traffic growth as regional airlines recorded the strongest year-on-year rate of growth for any region in May, data from the International Air Transport Association, or IATA, revealed on Monday.
According to the analysis, lower technical profitability and suboptimal investment strategies are key contributors to the continuous decline
10:13 GMT
An insurance profitability deterioration trend is being witnessed over the last four years across top 30 conventional insurers dropping from 28 percent in 2007 to nine percent in 2011 in the Gulf Cooperation Council (GCC).
Silver as ever is the classic leveraged play on gold and will go up further when gold prices go up (and down faster when they go down)
09:51 GMT
Gold and silver prices have their lows for the year behind them and are set up for a powerful advance.

July 2, 2012

The drop in prices has caught many forecasters by surprise
15:49 GMT
An increasing number of analysts see oil prices averaging below $100 a barrel over the next two years as doubts about medium-term economic growth outweigh concerns about oil supplies, a Reuteaudirs poll found.
The ‘high-level sources’ confirmed that the freeze will remain “until investigations prove that multi-million deposits were earned through legal means
15:29 GMT
The Public Prosecution Department rejected an appeal submitted by 13 suspects who have been accused in the multi-million dinar cash deposits case to lift a freeze imposed on their bank accounts.
Over half of Middle Eastern workers (57%) will not be relaxing properly this summer holiday
14:35 GMT
Businesses need to urgently look at ways of increasing efficiency and productivity to save their staff from carrying work over into their personal time if they want to ensure that staff remains happy, healthy and productive.