April 15, 2015
“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
Fragrances accounted for 19.6 percent of the Middle East and Africa's beauty and wellness market in 2014,
April 13, 2015
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 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
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 much-awaited Galaxy S6 and Galaxy S6 Edge have finally arrived in Saudi Arabia.
The central bank governor also said that lenders in the country are now in a far better position to withstand economic turbulence.
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
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 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.
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 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.
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.
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, just days after Tehran and world powers reached a framework nuclear deal, and with the OPEC nation’s oil minister due to arrive Thursday.