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May 26, 2014

“One of the biggest challenges is the issue of the customs,” he said. “I think they have made practical steps in addressing these issues and how to redistribute the custom fees between the GCC countries.”
23:24 GMT
The long-delayed GCC customs union, which was first launched in 2003, is expected to facilitate trade between the members of the GCC and boost investments within the region.
Sabahy promises to establish a silicon industrial complex within two years, with a total budget of $250m, along with a poly silicon facility.
21:32 GMT
Both candidates recently released their economic platform, promising prosperity and development in various sectors.
Although most people find paying through debit cards unappealing (as the money is deducted at source), financial experts encourage this habit because this leads you to spend only the money you have.
11:12 GMT
As a lifelong belief, we should be clear about our financial bottomline, says Hutchinson. “You must not attempt to spend money that you do not possess.”
The loyalist province has remained mostly untouched by Syria's three-year war, and unlike the rest of the country, its economy is booming.
03:55 GMT
"There is a real economic boom. (The displaced) have got things moving, and the jobless have found work," said Sami Sufi, who heads the province's chamber of commerce and industry.

May 25, 2014

DTCM estimates that Dubai needed a total of between 140,000 to 160,000 rooms to provide accommodation for targeted visitor numbers for 2020.
22:17 GMT
Last month, Dubai had been named as one of the top 25 places to go worldwide in the Traveller Choice Awards 2014 by TripAdvisor.
Saudi Arabia’s Rotana Group plans to open five-star hotels in Tehran and the Shia pilgrimage city of Mashhad.Lonely Planet said appetite for information about Iran has prompted the publisher to dedicate a chapter on the country in the update to its Middle East travel guide due next year.
21:56 GMT
oreign visitors to Iran are the most visible effect of President Hassan Rohani’s drive to mend ties with the US and Europe.
With inflation becoming well entrenched again regionally, the issue of managing cash, or translating it into other vehicles, has become pressing again.
16:36 GMT
Such is the variety of people living and working in the Gulf that there will be mixed perceptions of the international value of their dollar-linked wealth and earnings these days.
The CEO of a company is a more significant predictor of a company’s performance than at any time since it has been measured.
16:25 GMT
The research is clear, the CEO effect impacts organisational performance.
Syrian refugees now number 2.5 million, and Syrians are on track to become the largest refugee population in the world due to the war that has ravaged the country for the last three years.
11:22 GMT
A Syrian entrepreneur has developed an app to disseminate all available refugee services for Syrians in countries such as Lebanon, Jordan, Egypt and Turkey.
The 600 million barrel figure is the government’s estimate of how much oil drillers can get out of the earth with existing technology and at current prices.
03:55 GMT
The shale revolution is still far from over.

May 24, 2014

The future direction of prices hinges on the level and pace of new supply coming to the market, the report added.
01:15 GMT
New report finds banks and property developers in the UAE are more conservative and better prepared this time round.

May 23, 2014

More than a third of both large and medium sized businesses said that ‘poorly designed, cramped and overcrowded office space’ was a principal factor in employee accidents.
00:28 GMT
A total of 867 senior managers across the GCC were surveyed to analyse the leading cause of employee accidents within the workspace, as well as the major causes of occupational health issues.
Amid strong growth prospects and a surge in demand over the last year, Comba Telecom Systems Holdings, a global leading wireless solutions provider.
00:19 GMT
The telecommunication market in Middle East and North Africa is set to grow at an average of 2.9 per cent to reach $96 billion in 2018, said a report.

May 22, 2014

Agricultural water use represents 82.6% of the total usage of available water resources, and reached 74.5bn cubic metres in 2011/2012
03:55 GMT
Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025.

May 21, 2014

“Al-Sisi stated that he needs EGP 1tn ($140 billion) to implement this economic platform; so in order to get that source of financing, he would need to restore political stability first”.
21:20 GMT
The presidential candidate announced his platform on his official website on Tuesday. The platform has been removed hours after it had been posted on the website.