Featured Articles

March 29, 2012

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.
As long as the current evaluation and granting authority is in the hands of banking institutions, loan crises will never disappear
13:17 GMT
An independent credit evaluation agency, that would evaluate any client and their assets against a loan facility, is currently not established in the UAE.
The labor law introduced two years ago includes many additional benefits for employees
12:37 GMT
Many employees are not aware of their legal labor rights.
The luxury market is still progressing in Beirut
11:24 GMT
Now, shoppers are more likely to find Chanel than a cucumber, and Prada than a potato – barring a visit to an upscale supermarket.

March 27, 2012

People are coming to do business in Abu Dhabi
17:35 GMT
Business events in Abu Dhabi are expected to have a direct economic impact of Dh5.1 billion (US$1.3bn) a year by 2020, as the sector becomes increasingly important to the emirate.
Oil balances continue to remain constructive even at current price levels with the latest demand data
17:28 GMT
The extreme weakness in European oil demand has eased as strong weather driven base effects fade away while OECD Pacific remains buoyant.
What makes others win while we keep faltering?
16:50 GMT
What is going on with Kuwait’s state-owned airlines? Is the government facing a tough time?
More than twice as many women as men were unemployed in the Middle East last year
13:26 GMT
The jobless rate is likely to reach about 12 percent in the Middle East and close to 15 percent in North Africa, the International Labour Organization (ILO) says.
Hostess Middle East helps trade visitors easily filter through the maze of suppliers and identify the technologies, equipment and expertise that match their specific business needs
11:25 GMT
Recent studies have shown that food and beverage services collectively account for 43 percent of hospitality revenues in the Middle East.
A new revenue stream would help hedge against a fall in oil prices
09:57 GMT
At present each emirate has its own corporate tax rate but in practice corporate tax is only enforced on foreign oil companies and banks and many companies are based in tax-free zones.

March 26, 2012

The only Asian company ranked in the top 10 is South Korean powerhouse Samsung, listed sixth
17:40 GMT
Emirates flew up four spaces from 291 to 287 this year with a brand value of $3.7 billion.
Demand from the third largest economy India is likely to dominate the global rubber demand
17:15 GMT
Global natural rubber prices may remain under pressure on weak China and Euro zone manufacturing data which has prompted the traders to adopt a wait and see attitude.