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January 16, 2012

It should be highlighted that projects that have been conceived in 2006 and 2007 should be seriously re-looked into with the benefit of the new hotel and tourism landscape
18:45 GMT
Within weeks, the full extent of the downturn in the property market became apparent and lavish hotel projects across the emirate ground to a halt. More than three years on, some of those developments are lurching back to life, further signs of a recovery in the sector.
Bearing in mind 2011 was the third consecutive year of the global downturn experienced by the GCC markets; the Qatar real estate market performed relatively well
17:59 GMT
Residential rents in Qatar were “broadly stable” across all locations in the fourth quarter (Q4) of 2011 while the number of transactions and enquiries increased as demand picked up, according to property consultancy Asteco.
The rationale behind gold's slide in the last four months of 2011 is the ongoing concerns of investors concerning the financial crisis in Europe
17:08 GMT
Gold entered a bear market in late 2011 which was confirmed by gold's closing below its historically significant 30 week moving average. This doesn't happen very often which indicates the technical significance of the event.
“Like all other emerging markets, there has been some spillover from the political instability in the region, mainly due to heightened risk aversion among institutional foreign investors,” said Dr. Fabio Scacciavillani, chief economist at Oman Investment Fund
13:56 GMT
Talk of a potential merger of the UAE’s exchanges has rumbled on for years, but there is a growing feeling among analysts that action needs to be taken now in an attempt to revive the country’s lethargic capital markets scene.
The problem is that businesses crave the functionality and savings of virtualisation and cloud at the expense of security, Caviello said
12:58 GMT
Businesses are so busy rushing into virtual and cloud environments, they are missing the opportunity to build security as they adopt them, says executive chairman of RSA Security, Art Coviello.
Dubai is now home to about 40 shopping malls. Retail accounts for around 30 percent of gross domestic product in the Emirate
10:27 GMT
The bulk of disputes seen early in the year centered on refunds and exchanges and behaviors by sales staff, the Department of Economic Development said, as stores clamped down on the return of products.

January 15, 2012

Including all hydro power, Ameen said, renewable energy accounted for about 50 percent of total added power generating capacity in 2010
17:51 GMT
There are encouraging signs of the increasing utilisation of renewable energy everywhere, said Adnan Z Ameen, director general of International Renewable Energy Agency (IRENA) in his speech.
In early November, international ratings agency Moody’s said it was maintaining its negative outlook for the UAE’s banking system
17:50 GMT
Though mergers and restructuring by some local lenders is expected to produce a leaner sector, it should also become stronger and thus better able to meet the demands of the rapidly changing financial landscape.
One of the top priorities for MENA governments is to turn the region's "youth bulge" into a sustainable and vibrant middle class
17:27 GMT
A stable middle class will be crucial during this period of the demographic transition of the Middle East and North Africa (MENA), as the large youth population's demands for economic and political inclusion grow louder.
Theoretically, teleworking, not necessarily defined as working from home but anywhere outside the office, may sound like a dream come true, but it comes with major challenges
15:38 GMT
“Teleworking as a concept started in the 1970s during the US fuel crisis when companies told people to work from home to save money,” Dr. Mustafa, the assistant professor of human resource management at the University of Wollongong in Dubai said.
One of the obvious benefits of having railways is to have a mode of transport which is fast, economic and comfortable
09:57 GMT
We cannot deny that the development of railways improved economies, and encouraged new industries to grow and thrive. In Oman, too, its introduction will certainly be a very significant development.
Average cement prices across the GCC, the report suggested, fell by 3.8 percent “due to the fact that demand continues to be weak in the GCC
08:01 GMT
The GCC Cement Sector Quarterly report, released by Global Investment House late last year, said that regionally in the first nine months of 2011 the cement sector realised a 10.9 percent top line increase to cap out at $3.4 billion (Dh12.4 billion).

January 12, 2012

While the monthly average salary of a Qatari male is QR20,721, that of a non-Qatari male is QR5,588
17:49 GMT
The median salary earned by Qatari females stands at QR15,313 and that of a non-Qatari female earns QR3,634.
Dubai is the sole tourist destination in the region that has shown a rise in both occupancy and RevPar, with a very slight decline in room rates
17:38 GMT
“An analysis of the year-to-date and monthly performance numbers for hotels in the MENA region point to a continued realignment in the regional hospitality market caused by three key developments," Yousuf Wahbah, Head of MENA Transaction Real Estate at Ernst & Young said.
The International Energy Agency (IEA) currently has a plan to release up to 14 million barrels per day (bpd) of oil stored in the United States, Europe, Japan and other importers
17:25 GMT
The price of gas is of course connected to crude oil prices and the financial world currently has its eyes on Iran as it threatens to close the Hormuz Strait the waterway where most of the oil of the world must pass through via sea tankers.