July 12, 2012
The Kingdom’s tourism sector showed signs of recovery in the first six months of 2012 after a year of decline in both revenues and visitor numbers, Minister of Tourism Nayef Fayez said on Wednesday.
July 11, 2012
The yellow metal touched a low of $1563.89/oz and closed at $1564.5/oz in yesterday's trading session.
New GCC study highlights an insurance profitability deterioration trend over the last four years across top 30 conventional insurers dropping from 28 per cent in 2007 to nine per cent in 2011.
The immediate economic outlook for most of the Gulf's wealthy Arab oil exporters has improved in the last several months despite a sharp drop in global oil prices over the period, a Reuters poll of analysts showed.
July 10, 2012
A year after it attained independence, the new Republic of South Sudan is facing its worst humanitarian crisis since the end of the war in 2005, under the weight of severe economic meltdown and ongoing conflict, the international aid agency Oxfam have said in a report.
Libya offers huge business and investment opportunities stemming from the need to rebuild in the wake of the 2011 revolution.
For Saudi Arabia, the consequences of lower oil prices are likely to be slight, according to a report by Samba.
July 9, 2012
With Ramadan just around the corner it seems that the Islamic capital market is in a rush to get everything signed, sealed and delivered before the end of next week.
Lebanon’s real estate sector has registered more progress in terms of transparency than any other MENA country, an index released by Jones Lang LaSalle showed.
Bahrain has one of the lowest employment discrimination rates in the Gulf, despite a 19 percent gender gap in its workforce, according to a global research organisation.
July 8, 2012
The only criteria for the brands - and their franchise partners - is that they get in now as store rentals firm up and inch their way back to pre-2008 peaks.
Foreign direct investment (FDI) to the Gulf dropped by 35 percent in 2011, says a new report from UN Conference on Trade and Development (UNCTAD).
According to Interior Minister Marwan Charbel, half of the country’s taxis are providing transportation services with fake registration papers and fake red license plates, which is designated for the “public” transportation sector.
July 5, 2012
Gulf banks will continue their steady recovery from the 2008 crisis and remain isolated from euro zone turmoil for the rest of 2012 and 2013.
Saudi Build 2012, set to be held from November 11 to 14, will serve as a key networking platform that will provide contractors, real estate developers and building owners with a full range of construction and building solutions.