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July 12, 2012

The five-year strategy aims at increasing tourism receipts to JD4.2 billion in 2015
10:50 GMT
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

Gold saw some support on sentiment that Beijing will eventually stimulate its economy via rate cuts or other easing measures going forward
16:24 GMT
The yellow metal touched a low of $1563.89/oz and closed at $1564.5/oz in yesterday's trading session.
From 2007 to 2011, indeed the top 30 GCC insurers have increased their retention from 48
16:01 GMT
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.
'Despite the recent fall in oil prices, fiscal and external balances will remain very solid.' For most Gulf economies
12:01 GMT
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

Half of South Sudan's 9.7 million people are facing food shortages
20:47 GMT
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 needs education reform in order to meet the demand for professionals
20:44 GMT
Libya offers huge business and investment opportunities stemming from the need to rebuild in the wake of the 2011 revolution.
Despite this year's reduced earnings, a current account surplus of $148 billion, or 25 percent of GDP is in prospect
19:40 GMT
For Saudi Arabia, the consequences of lower oil prices are likely to be slight, according to a report by Samba.

July 9, 2012

The activity looks set to continue next week before the inevitable summer slowdown and Ramadan sees activity crawl to a halt for a few months in the summer
15:38 GMT
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.
According to the recently issued report, “2012 Real Estate Transparency Index,” Lebanon scored 3.75, ranking 66th worldwide and fifth regionally
15:25 GMT
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.
 Sixty-one percent of the country's women are employed as opposed to 80 percent of men, resulting in an inequality ratio of -19
15:25 GMT
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

There are as many brands and retailers who are prepared to wait
09:56 GMT
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.
GCC countries are still suffering from the hangover of the days of leveraged financing characterized by large-scale domestic projects
09:15 GMT
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).
There is a high probability that the taxis many people take in the busy streets of Beirut and around the country are not really taxis
08:24 GMT
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

GCC banks' lending and investment exposures to the euro zone are very limited
14:36 GMT
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 Arabia’s construction sector has been awarded $71.2 billion in contracts by the government in 2011
14:15 GMT
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.