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January 3, 2012

Banks have improved their balance sheets after the bursting of a property-fuelled asset bubble during the global financial crisis of 2009 left many exposed to soured debts
17:50 GMT
Net profits of banks grew by 11.3 percent to reach Dh24.98 billion (US$6.8bn) in the first 10 months of last year, Sultan Al Suwaidi said yesterday.
"Sales prices for apartments and villas are expected to see marginal declines, predominantly for areas with ongoing construction and incomplete infrastructure," Asteco, a property firm  predicted
17:21 GMT
Housing prices and rents will continue to decline in the UAE next year despite growing demand, local analysts predict.
Saudi International Petrochemical Company's profitability would be affected the most if the price of natural gas was increased, the Mr Al Alaiwat said
09:13 GMT
The profitability of Saudi Arabia's petrochemicals companies could be reduced this year if the government increases its gas prices, NCB Capital says.
Economic failure on Egypt’s path forward would mean a rise in radicalism, security threats, disruption of energy flows and migration pressure – and is simply not an option
08:51 GMT
Egypt’s economy may face a severe crisis due to persistent street protests, strikes, capital flight, rising inflation, increased food prices and unemployment.
Government companies are expected to offer employment opportunities for 2,000 aspiring Omani youths
08:06 GMT
The budget aims at providing employment for 36,000 people in the government sector this year, including defence forces.

January 2, 2012

Economists say cutting energy subsidies, which represent about 20 of total spending, is one of the few practical options the country has to cut the deficit
20:28 GMT
Egypt's government will increase natural gas and electricity prices paid by heavy industries by 33 percent this month to narrow its growing budget deficit.
Economies in the Gulf should continue to benefit from healthy income from their crude trade
20:04 GMT
Despite a faltering global outlook, ongoing weakness in the US and a seemingly intractable European debt crisis, the GCC should still make healthy energy revenues this year.
The difference between a money investment and a gold one is that gold is resilient to major economic and monetary crises fluctuations and inflation
19:22 GMT
In these times of financial and economic turmoil there is one certainty: the value of gold has proven time and time again that its course can only go up thus reassuring your confidence in it as the most suitable class of investment.
The projected increase in UAE salary is expected to be higher than the average global base salary increase across all jobs and locations
11:06 GMT
According to Towers Watson research, one of the finest global market intelligence services, salaries in the country are expected to rise by a further 5.7 percent in 2012.
As oil production declines and higher budgetary receipts loom, the days ahead are going to be very critical for the Syrian economy
10:35 GMT
The international community has imposed strict economic sanctions on Syria, which includes a monitoring of all bank transfers, freezing of assets and suspension from the Greater Arab Free Trade Area (GAFTA).
The Egyptian central bank has struggled to support the currency since the revolution early last year
09:32 GMT
Rating agencies and international organisations such as the Institute of International Finance (IIF) and the International Monetary Fund (IMF) have projected a gloomy outlook for the banking sectors of the affected countries, particularly Egypt and Lebanon.

December 29, 2011

Entrepreneurs need to look at customers’ actual requirements while launching, rebranding or reintroducing a product
17:44 GMT
Companies will do well if they sold products for cash at lower margins than waiting to market them at credit and earn huge profits later,” said the globe-trotting Alagh, who is a much sought after management consultant.
Independent Syrian economists are now more inclined to ask not if the final collapse will come, but when and in what form?
17:18 GMT
Economic sanctions have hit hard, most significantly the isolation of banks and European bans on the small but crucial oil sector – oil and tourism accounted for more than $12bn of Syria’s approximately $50bn gross domestic product.
The announcement over the possible closure of the only access channel for eight countries to foreign markets, pushed up international oil prices on Tuesday although they slipped back yesterday in thin trade and as the market dismissed Iran’s threat as rhetoric
17:10 GMT
Iran’s navy chief, Habibollah Sayyari, told Iran’s English language Press TV: “Closing the Strait of Hormuz, for Iran’s armed forces is really easy... or as Iranians say, it will be easier than drinking a glass of water.”
Mr. Jawad Anani, former prime minister, former royal court chief and foreign minister, described the growth rate as “very modest and not encouraging”
11:00 GMT
The third quarter achieved a higher growth rate than the first and second quarters when the economy expanded by 2.2 percent and 2.4 percent respectively.