March 28, 2012
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.
The fall of Hosni Mubarak from the presidency uncovered a string of scandals in the property industry relating to land ownership.
An online survey has revealed that while the Arab Spring had an immediate negative impact on the economy in the region, its effect has been positive in driving higher interest in both economic and social development.
The effort is forecast to increase Saudi’s natural gas production by 40 percent by 2014.
Facebook is a phenomenon – companies use it, individuals love it… and so do cyber criminals.