Featured Articles

February 29, 2012

"The credit growth is reflecting liquidity in the banking system and a strong balance sheet of banks," said Khatija Haque,a senior economist at Emirates NBD
10:48 GMT
Credit growth in Saudi Arabia has rebounded strongly after falling to close to zero in 2009 as the global financial crisis hit.
Due to Greece optimism coupled with easing from Chinese bourses metals pack remained bullish
09:40 GMT
Base metal prices rallied the most in 2012 for the week gone by and prices gained by 2.8 to 7.9 percent.
A clear fluctuating demand on motor vehicles and aircraft, having accordingly these orders of durable goods fall to their lowest in three years
08:57 GMT
The Commerce Department of the world's leading economy showed that the durable goods orders throughout the month of January dropped significantly and gloomily by 4.0 percent.

February 28, 2012

Once a leading Internet company, Yahoo now finds itself trailing behind newer entrants like Google and Facebook
20:14 GMT
Yahoo is threatening action unless Facebook licenses some of its technologies, as other web and technology companies are said to have done.
Sweden has confidence in Egypt's economic future
19:30 GMT
Swedish Ambassador Malin Kärre said: “Swedish business in Egypt is relatively stable and many companies have reported a considerable growth in their income.
In the most optimistic case, all the money which can be allocated to job creation will not exceed 80 billion dollars
17:31 GMT
To create one million jobs annually, the country faces $120 billion deficit,” Deputy Majlis speaker Mohammad-Reza Bahonar told ILNA news agency.
The number of Jordanians and Iranians coming to Lebanon via Syria was reaching approximately 300,000 annually but this number declined by 70 percent in 2011 compared to 2010
10:44 GMT
Tourism Minister Fadi Abboud unveiled his ministry’s plan to boost the annual number of tourists to 4 million by 2015.
Potential growth of SFI is expected to range between $6 and $10 trillion by 2013
10:17 GMT
The global landscape for Sovereign Financial Institutions (SFI) connected with their structure, safeguarding their sovereign tax exemptions and their compliance requirements have remained key issues for the state-owned funds.
Emerging markets need to get online
08:41 GMT
In these challenging times, the online sector represents a giant opportunity.

February 27, 2012

The last stock market in the world to catch up with a global rally that has almost topped out?
16:45 GMT
You can take your pick when looking at the 24 percent surge in the Dubai Financial Market since it finally bottomed in mid-January.
Solar EOR can improve heavy oil economics, benefiting producers in such geographies as California, Alberta, Venezuela, and perhaps most of all, the Arabian Gulf
08:51 GMT
Can solar thermal technology transform the economics of enhanced oil recovery (EOR), is the big question posed by a new report by Raymond James & Associates.
Across the GCC, sustainable building projects spearhead the growing real estate construction boom
08:31 GMT
The total value of current UAE construction projects is $1.249 trillion with buildings accounting for $871.6 billion.
Mobile broadband subscriptions increased by 60 percent year-on-year and now number close to 1 billion
07:55 GMT
Mobile penetration has reached 85 percent globally and subscriptions now total around six billion — fast catching up with the 80 percent of people who have access to electricity, figures released show.

February 26, 2012

Communications companies are very good at differentiating themselves from their competition
18:35 GMT
One question that continually gets asked is How do we measure return on investment?
Implementing green technologies, developing new initiatives in the bio-fuel field, using modern and fuel efficient fleet will certainly have a big impact on limiting the greenhouse gas emissions
17:52 GMT
The Middle East region will record 7.1 percent increase in passenger transport numbers annually until the year 2029, while it will be 6.8 percent annual growth for the freight segment.