January 3, 2012
Net profits of banks grew by 11.3 percent to reach Dh24.98 billion (US$6.8bn) in the first 10 months of last year, Sultan Al Suwaidi said yesterday.
Housing prices and rents will continue to decline in the UAE next year despite growing demand, local analysts predict.
The profitability of Saudi Arabia's petrochemicals companies could be reduced this year if the government increases its gas prices, NCB Capital says.
Egypt’s economy may face a severe crisis due to persistent street protests, strikes, capital flight, rising inflation, increased food prices and unemployment.
The budget aims at providing employment for 36,000 people in the government sector this year, including defence forces.
January 2, 2012
Egypt's government will increase natural gas and electricity prices paid by heavy industries by 33 percent this month to narrow its growing budget deficit.
Despite a faltering global outlook, ongoing weakness in the US and a seemingly intractable European debt crisis, the GCC should still make healthy energy revenues this year.
In these times of financial and economic turmoil there is one certainty: the value of gold has proven time and time again that its course can only go up thus reassuring your confidence in it as the most suitable class of investment.
According to Towers Watson research, one of the finest global market intelligence services, salaries in the country are expected to rise by a further 5.7 percent in 2012.
The international community has imposed strict economic sanctions on Syria, which includes a monitoring of all bank transfers, freezing of assets and suspension from the Greater Arab Free Trade Area (GAFTA).
Rating agencies and international organisations such as the Institute of International Finance (IIF) and the International Monetary Fund (IMF) have projected a gloomy outlook for the banking sectors of the affected countries, particularly Egypt and Lebanon.
December 29, 2011
Companies will do well if they sold products for cash at lower margins than waiting to market them at credit and earn huge profits later,” said the globe-trotting Alagh, who is a much sought after management consultant.
Economic sanctions have hit hard, most significantly the isolation of banks and European bans on the small but crucial oil sector – oil and tourism accounted for more than $12bn of Syria’s approximately $50bn gross domestic product.
Iran’s navy chief, Habibollah Sayyari, told Iran’s English language Press TV: “Closing the Strait of Hormuz, for Iran’s armed forces is really easy... or as Iranians say, it will be easier than drinking a glass of water.”
The third quarter achieved a higher growth rate than the first and second quarters when the economy expanded by 2.2 percent and 2.4 percent respectively.