March 29, 2012
The Saudi government said it would invest over $140bn over the next 20 years on nuclear and renewable-energy projects.
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
Days into an increasingly acute fuel shortage, Egyptians are starting to feel the squeeze.
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.
An independent credit evaluation agency, that would evaluate any client and their assets against a loan facility, is currently not established in the UAE.
Many employees are not aware of their legal labor rights.
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
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.
The extreme weakness in European oil demand has eased as strong weather driven base effects fade away while OECD Pacific remains buoyant.
What is going on with Kuwait’s state-owned airlines? Is the government facing a tough time?
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.
Recent studies have shown that food and beverage services collectively account for 43 percent of hospitality revenues in the Middle East.
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
Emirates flew up four spaces from 291 to 287 this year with a brand value of $3.7 billion.
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.