Featured Articles

July 15, 2012

Central banks know that the only protection for their deposits against their own money printing is to buy gold
13:10 GMT
Emerging market central banks have been the biggest official buyers of gold over the past year or so with total net central bank purchases the largest since 1964 last year at 445 tonnes.
The Sudanese government, struggling to fill the budget gap
11:57 GMT
The effectiveness of the Sudanese government’s austerity measures to contain an economic crisis, which have sparked protests in the capital and several towns, is yet to be seen, some economists say.
Hundreds of small investors and owners are affected
09:53 GMT
Bahrain's real estate market is passing through a critical phase and the situation is more serious.
The UAE has the highest petrol price in the oil-rich Gulf and the third in the Arab world
08:11 GMT
Official data showed the UAE, the second largest Arab economy, was ahead of all other members of the GCC in terms of fuel prices and third only to Syria and Tunisia in the entire Arab region.

July 12, 2012

Limousines continue to remain the main means of public transport due to the inadequate number of buses and trains
14:40 GMT
The Labor Ministry’s new plan to intensify Saudization in the limousine sector will not work well, according to industry sources.
Keeping the security systems on your operating system up to date is very important
13:06 GMT
As the volume and sophistication of malware attacks continues to increase, internet uses in the Middle East need to take proactive measures to protect themselves.
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.