October 23, 2011
It's time to stop and ask if there is something wrong with the system in which so many people are being undermined in terms of wealth compared with the minority that can still live a comfortable life in these times.
Heightened competition among major global brands such as Apple, Research in Motion (RIM), Samsung and Nokia, to name a few, has kept the mobile electronics industry bustling this year with new product launches at competitive pricing.
Family businesses make up for an overwhelming share of the national economy in both Oman and Germany." The future of family-owned businesses is key to Oman's economic development model.
The revolution caused many companies to put the brakes on scores of deals then under negotiation. It also dampened economic growth, which is estimated at 1.2 percent this year.
“GCC countries will fill any shortage in oil to stabilise oil prices worldwide and will cooperate with international institutions to regain world economic stability,” said Shaikh Hamdan during a meeting of GCC finance ministers and central bank governors.
The new Prime Minister of Libya, Mahmoud Jibril's target was much longer-term, which was to define how to replace oil in the Libyan economy as more than 60 percent of the country’s oil reserves have been used up, leaving the country with only 20 years to prepare for a non-oil economy.
October 22, 2011
If millions of well-educated and highly-motivated people enter the work force, the Arab world can look forward to an astonishing renaissance as 100 million new jobs are launched in the next decade, creating huge wealth and new-found long-lasting social stability.
October 20, 2011
The Arab world must embrace a reliable path to economic growth. Nurturing an entrepreneurial culture is crucial.
The Sudanese president Omer Hassan Al-Bashir said that losing oil as a major source of revenue has led to a budget deficit and an unfavorable balance of trade which he said put the government in the dilemma of needing to raise new revenues without having to raise taxes.
“Modern infrastructure, new hotel inventory and delayed openings” have allowed the market to balance supply and demand. This is good news for hoteliers who can now build their occupancy and rate.
One fifth of Egypt’s 80 million people live in poverty, according to official figures, and in the short term, the overthrow of Mubarak in February has made life harder for many of them – political unrest and uncertainty have hit the economy hard, deterring investment and disrupting trade and tourism.
Top recruiters and management consultancies say the job market is finally looking up, riding on the back of improved performances by companies, merit-based salary hikes and a positive outlook for the future.
Game-changing innovations like in-memory computing, mobility and cloud technology have the power to not only transform business and government, but also improve people’s lives.
October 19, 2011
Experts said that cloud computing usage is still below the desired level in Jordan and this is not only the case in Jordan, but in the entire region.
Research showed that the majority of Muslims still bank with conventional institutions. And, just advertising services as ‘Sharia-compliant’ is not going to be enough to make them move to an Islamic bank.