Featured Articles

March 28, 2012

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.
Egypt's severe housing shortage means it needs 500,000 homes every year at a price that does not exceed $100,000, or about 600,000 Egyptian pounds
16:57 GMT
The fall of Hosni Mubarak from the presidency uncovered a string of scandals in the property industry relating to land ownership.
About 40 percent of the survey's respondents expressed interest in being self-employed, with the lowest being 29 percent in Algeria and the highest being 52 percent in Lebanon
11:05 GMT
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.
From an industry perspective, Saudi Arabia has over 267 billion proven oil reserves, which is one fifth of the world’s total
10:36 GMT
The effort is forecast to increase Saudi’s natural gas production by 40 percent by 2014.
Cyber criminals are targeting employees who conduct business transactions on smartphones on unsecure mobile networks outside the office
07:52 GMT
Facebook is a phenomenon – companies use it, individuals love it… and so do cyber criminals.