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April 4, 2012

According to the Land Department figures, the heaviest investment was in apartments through sales and mortgages
09:53 GMT
Dubai's Land Department, which issued its annual report yesterday, claims that a 20 percent increase in property transactions in 2011 — at a value of Dh143 billion — is a sign of real estate market recovery and growth.

April 3, 2012

The education was the fastest growing sector, with 37 percent more postings year-on-year
11:59 GMT
The number of jobs advertised online in the Middle East rose 14 percent in February, with Saudi Arabia offering the most opportunities to jobseekers.
Mobile subscriber penetration now stands at 149.1 percent, less than previous estimate of almost 200 percent
10:04 GMT
Revisions to internet and mobile phone penetration figures in the UAE haverevealed a smaller proportion of the population use such services than was previously thought.
The shipping business in general now has to address growing piracy threats
07:50 GMT
Piracy threats pose major challenges to the global shipping industry, a top UAE government official said.

April 2, 2012

The report said the higher deficit did not reflect a significant increase in the volume of imports
14:08 GMT
The chief reason behind the increase in the deficit was the soaring price of oil globally, the report said.
The WTO has underlined the important role the UAE plays in global trade and in the multilateral trading system
11:41 GMT
The WTO expressed its hope for greater prosperity and success for the UAE in building a more advanced knowledge-based economy.
The experts called for drafting policies to ration energy consumption
08:21 GMT
A group of energy experts has suggested several possible solutions to help policy makers put an end to the Kingdom’s energy woes.

April 1, 2012

If oil prices were to fall and stay low, says Said Hirsh, chief economist at London-headquartered Capital Economics, the impact on spending could be severe
14:36 GMT
According to analysts at Dow Jones Saudi Arabia, the cartel’s biggest producer churned out an average of 9.8 million barrels per day (b/d) during the month.
For the first time in the 19-year history of the show, Tourism Ministers from across the Middle East will come together on April 30
09:25 GMT
The fact that leisure and business tourism is flourishing in many countries throughout the Middle East – despite the prospect of a European recession and regional political unrest –bodes well for a positive start to this year’s Arabian Travel Market industry showcase.
When the situation improves after 2012 is over, the currency could be left to depreciate by 5 or 10 percent to compensate for the increase in inflation
07:08 GMT
Since the country's uprising began in early 2011, analysts say Egypt's currency has been at risk of devaluation.

March 29, 2012

2012 continues to be a challenging year for airlines
15:12 GMT
The International Air Transport Association (IATA) has announced a downgrade to its industry outlook for 2012 primarily due to rising oil prices.
The region needs to start perceiving renewables as "complementary" as opposed to "alternative" sources of energy
14:38 GMT
The Saudi government said it would invest over $140bn over the next 20 years on nuclear and renewable-energy projects.
For manufacturers like Apple, LTE spectrum fragmentation will continue to pose a major challenge
12:50 GMT
New iPad aficionados in the Middle East will not get a refund from Apple for the gadget's lack of fourth-generation long term evolution (4G LTE) connectivity, as the US-based firm has not officially launched its latest product in the region.

March 28, 2012

Egypt's budget deficit is expected to reach LE 114 billion ($19 billion) in the fiscal year to June 30, some 8.7 percent of gross domestic product
15:26 GMT
Days into an increasingly acute fuel shortage, Egyptians are starting to feel the squeeze.
Regional heavyweight Saudi Arabia was responsible for almost half of the total surplus ($245 billion) followed by the UAE ($94 billion) and Qatar ($79 billion)
15:03 GMT
The GCC’s trade surplus will average around $493 billion in 2012-13 as the oil prices remain high, offset by import growth at around 3.5 percent, said a report.