Featured Articles

July 5, 2012

Tourism is apparently not the only sector waiting for a sign to go ahead
13:44 GMT
The fears over possible changes to governmental tourism policies under a new leadership that subscribes to a more fundamentalist interpretation of Islam have caused the tourism industry to expect all sorts of problems.

July 4, 2012

The Iranian nation will not surrender under threats and pressures
10:50 GMT
The United States and the European Union (EU) have, by continuing the approach of sanctions and pressure, practically jeopardized the global energy security and balance.
The use of LNG rather than gas oil would dramatically cut the energy bill
10:32 GMT
The future of Lebanon’s energy market looks bright provided that plans to use Liquefied Natural Gas as an alternative fuel source to gas oil materialize.
The best money is not so much “smart” as it is experienced.
10:02 GMT
Startups have to create something of real value to have meaningful economic impact in the long term.

July 3, 2012

Airlines are expected to return a $3 billion profit in 2012 on $631 billion in revenues
10:51 GMT
Middle Eastern carriers led the industry in traffic growth as regional airlines recorded the strongest year-on-year rate of growth for any region in May, data from the International Air Transport Association, or IATA, revealed on Monday.
According to the analysis, lower technical profitability and suboptimal investment strategies are key contributors to the continuous decline
10:13 GMT
An insurance profitability deterioration trend is being witnessed over the last four years across top 30 conventional insurers dropping from 28 percent in 2007 to nine percent in 2011 in the Gulf Cooperation Council (GCC).
Silver as ever is the classic leveraged play on gold and will go up further when gold prices go up (and down faster when they go down)
09:51 GMT
Gold and silver prices have their lows for the year behind them and are set up for a powerful advance.

July 2, 2012

The drop in prices has caught many forecasters by surprise
15:49 GMT
An increasing number of analysts see oil prices averaging below $100 a barrel over the next two years as doubts about medium-term economic growth outweigh concerns about oil supplies, a Reuteaudirs poll found.
The ‘high-level sources’ confirmed that the freeze will remain “until investigations prove that multi-million deposits were earned through legal means
15:29 GMT
The Public Prosecution Department rejected an appeal submitted by 13 suspects who have been accused in the multi-million dinar cash deposits case to lift a freeze imposed on their bank accounts.
Over half of Middle Eastern workers (57%) will not be relaxing properly this summer holiday
14:35 GMT
Businesses need to urgently look at ways of increasing efficiency and productivity to save their staff from carrying work over into their personal time if they want to ensure that staff remains happy, healthy and productive.

July 1, 2012

Muscat’s categorical assessments meant that no unanimity existed, although that did not in and of itself, indicate that the project was in permanent abeyance
14:39 GMT
Bahrain and Qatar supported the proposal, while Manama stressed its urgency.
Lebanon’s insurance premiums accounted for 5.3 percent of total premiums in the MENA region in 2011, taking up the fifth highest share in the market after the UAE, Saudi Arabia, Morocco and Egypt
14:26 GMT
Global reinsurer Swiss Re ranked Lebanon the first in the MENA region and 46th out of 147 countries globally in terms of total insurance premiums to gross domestic product in 2011.
Libya is potentially important for companies in Dubai and the UAE as it offers fantastic opportunities
13:24 GMT
Libya needs everything. There is huge demand for goods, services and know-how from all sectors of the economy and Libya welcomes all to support its rebuilding efforts.

June 28, 2012

In Dubai, they found, “the quality of market data remains poor”
15:00 GMT
Dubai and Abu Dhabi are the most transparent real estate markets in the Middle East - but have a long way to go before they can match global leaders.
For his part, Prime Minister Najib Mikati said the rise of various wage and benefits protest movements at the same time “raises question marks about what is taking place on the ground.”
14:15 GMT
The Cabinet Wednesday failed to take action on a new set of salary scales for public sector workers, as top leaders said a spate of wage and benefits demands by state employees raised “question marks” about their timing.