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April 15, 2015

The Gulf states saw $2.8 billion of inbound real estate investments in 2014, far less than the outbound investments from the region to destinations such as Europe.
05:55 GMT
“If we are spending $14 billion out, we should at least be able to get $14 billion in. That is what the opportunity is.”

April 14, 2015

The Middle East represents between 58-60 per cent volume of our global business.
06:06 GMT
Fragrances accounted for 19.6 percent of the Middle East and Africa's beauty and wellness market in 2014,

April 13, 2015

Illustrating diminished performance, the report indicated that that the hotel's net operational income regressed to JD5.5 million last year from JD6 million in 2014.
04:55 GMT
The number of guests who stayed at Sheraton Amman Al Nabil Hotel dropped last year to 73,462 persons, representing a 61.89 per cent average occupancy rate.
. The latest data break the strong performance of the US labor market in recent months, but also bring it in line with other indicators of economic activity.
04:55 GMT
The US economy added a mere 126k jobs in March 2015, compared with a monthly average of 281k over the previous six months.

April 12, 2015

The combination of rising incomes and changing diets mean that by 2050, the world needs to produce 70 per cent more food globally, it highlighted.
16:21 GMT
A total of 805 million people are chronically undernourished worldwide and hunger and under-nutrition reduce the global GDP by up to 3 per cent.
The Galaxy S6 and Galaxy S6 Edge are equipped with an incredibly vivid, bright and fast front and rear camera.
16:11 GMT
The much-awaited Galaxy S6 and Galaxy S6 Edge have finally arrived in Saudi Arabia.
Even as Bahrain hobbles out of the Arab Spring, ongoing oil price volatility is proving to be its next big challenge.
12:37 GMT
The central bank governor also said that lenders in the country are now in a far better position to withstand economic turbulence.
Omair explained that the ratio of Saudi women assuming senior administrative positions has increased from 19 percent in 2004 to 24 percent in 2014.
05:55 GMT
The Family Business Forum 2015, being held at the Jeddah Hilton, enjoys a strategic partnership with the Ministry of Commerce and Industry.

April 11, 2015

Shell’s new BG acquisition gives it access to lucrative assets in Australia, Brazil , UK, Egypt and Norway. (Image: Wikipedia)
06:00 GMT
Royal Dutch Shell’s $70b takeover of BG is the largest buyout the oil and gas sector has seen in a decade, edging it closer to world oil leader Exxon Mobil. Expect more oil and gas deals to follow as oil prices dip, analysts say.

April 9, 2015

The sultanate’s unemployment rate during the period in fact witnessed a strong decline, from as high as 14.4 per cent in 2003 to 11.75 per cent in 2014. (Image: file photo)
07:41 GMT
The number of job seekers in the sultanate has registered a 2.6 per cent average annual growth over the 2003-2010 period, totaling 146,385 people and forming 11.75 per cent of the nation’s workforce.
Visitors are attracted by the region’s legendary climate — an average of over nine hours’ sunshine per day (Image: file/ photo)
06:56 GMT
Dubai’s status as a world-class holiday, business and leisure destination shows no sign of diminishing, and actually looks to be on the increase in the run-up to Expo 2020.

April 8, 2015

The savings from generating solar during the daytime, instead of consuming gas, are so great that they could justify 17,500 megawatts of PV in the UAE by 2030. (Image: file/photo)
09:07 GMT
The UAE can achieve energy system savings of $1.9 billion (Dh6.98 billion) annually by 2030 by producing a 10 per cent share of renewable energy in its total energy supply and almost 25 per cent in the power sector.
A full deal on Iran’s nuclear facilities and sanctions would be the historical bookend that begins to reverse the negative regional consequences of the 1979 revolution. (Image: file photo)
08:06 GMT
The consummation of a full, multidecade agreement between Iran and the P5+1 (the five permanent members of the United Nations Security Council plus Germany), based on last week’s agreed parameters of a Joint Comprehensive Plan of Action on Iran’s nuclear program, is likely to have monumental consequences – mostly for the better – across the Middle East.
In 2014, Bahrain and the UAE were less affected by the slump in oil prices than other GCC countries, due to the diversification of exported goods. (Image: Pixabay)
08:00 GMT
Heavily dependent on oil and gas revenues, GCC countries must increase economic diversification and strengthen the non-oil sectors to sustain growth and maintain fiscal surplus in the distant future.
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran.
07:10 GMT
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran, just days after Tehran and world powers reached a framework nuclear deal, and with the OPEC nation’s oil minister due to arrive Thursday.