May 8, 2013
The US $7.6 billion Climate Investment Funds (CIF) today gave the go-ahead to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan.
Would anybody in their right minds accept a two to three per cent annual return on an investment selling at an all-time high with a potential to lose half its value and perhaps as much as 10-15 per cent in a single day?
The shortage of qualified nurses working in Lebanon could become even more acute if working conditions are not improved, nurses and public health experts warned on the eve of World Nurses Day.
Brandon Short, a former Goldman Sachs investment banking executive for MENA, will join with two former senior executives from Deutsche Bank to form World Business Partners UAE (“WBP”), a small business finance company based in Dubai.
May 7, 2013
A recent World Bank report says most African countries' impressive economic growth over the last decade has largely been a result of the abundance of extractive resources and high prices on international markets.
Mohammed Mahfoodh Al Ardhi, chairman of Sundus Investments and Vice Chairman of National Bank of Oman, sounded upbeat over the growth prospects of Oman's hospitality sector.
It was set off by a buying and selling frenzy in the 10 days from the afternoon of April 11, when gold prices took a dive, and saw volumes of gold touch 2-2.5 tonnes a day against the average of 1-1.5 tonnes a day in more sedate times.
Restrictions on press freedoms shouldn't preclude the development of other media in Sudan, a forum in Khartoum on journalism's digital revolution heard on Saturday.
David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on ‘Market Makers’ that the Federal Reserve’s QE program is ‘the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there’ to figure out how to properly exit.
The priority given to Saudi Arabia’s infrastructure development is yielding dividends, says Abdulaziz M. Al-Angari, board member and vice president of Al-Angari Holding Company.
May 6, 2013
KSA's trade balance has improved drastically over the last decade, according to a new national report
From its humble beginnings the company has grown into one which has become almost unavoidable online and in some cases offline, as it also owns the loss-making Motorola Mobility mobile phone maker.
According to the statistics that have been conducted in 2013 Saudi Arabia is a country of approximately 18 million citizens with a land area of about 1.96 million square kilometers.
Local leaders have urged Emiratis to prioritise knowledge and personality development over fancy job titles.
May 5, 2013
A report published recently in this paper on the Kingdom’s decision to stop producing wheat locally and depend on imports mirrors the regional issue of food security and the need to tackle it on that level.