December 12, 2014
Appreciating three-star hotels: Dubai steps in to address its unhealthy obsession with luxury hotels
A company owned by Dubai’s government plans to open four hotels in the emirate next year to expand the supply of mid-priced rooms in a market dominated by luxury accommodation.
December 11, 2014
The gap between rich and poor in Turkey is at the second highest level among Organization for Economic Cooperation and Development (OECD) member countries,
“If you master salary negotiation, you can get a sneak peek into what your employer’s “reservation price” is and use it to your advantage.”
Middle Eastern nationalities, along with the Chinese, are the top takers for St. Kitts and Nevis’ citizenship by investment program, an industry source told Gulf Business.
December 10, 2014
Kuwait and Saudi Arabia are the only Gulf countries where the sale and consumption of alcohol is totally banned.
Bahrain and Oman will be more adversely affected by the lower oil prices because they have the highest fiscal break-even prices and the lowest reserve buffers in the GCC.
Buyers beware: the choices are fewer than they seem.
Oil prices dropped nearly 10 percent following the decision by OPEC not to cut production from current levels of about 30 million barrels per day.
December 9, 2014
The introduction of new taxes — most likely indirect — will be a last resort for GCC governments, which are coming under mounting pressures consequent to plunging oil prices,
Opec, by not cutting production in an over supplied market, is trying to limit the growth of oil which is produced at a higher marginal cost.
There were over 2,758 job opportunities offered, and only 811 vacancies were filled.
While 9,450 new business deliveries valued at $280 billion are forecast between 2014 and 2024 around the world.
The 2015 outlook for GCC banks is stable, but it is negative for those in the rest of the MENA region, says Moody’s Investors Service.
December 8, 2014
Parliament Speaker Nabih Berri told Al-Akhbar that he received information a few days ago confirming that Israel has started stealing Lebanese gas.
There is no threat to Lebanon’s banking secrecy, despite the mounting pressure from the international community to disclose the accounts of Lebanese with dual passports.