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Top Economy & Politics News

  • IPO activity in GCC faces challenging year - Deloitte


    After a year of sluggish initial public offering, or IPO, activity, 2012 looks to be another challenging one in terms of expectations for new listings in the GCC region, accountancy firm Deloitte said. Khaleej Times - 14Feb 09:35GMT
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  • 5th Bayt.com Virtual Job Fair proves a success with UAE employers and jobseekers


    Bayt.com, the Middle East's number on job site, has once again held a successful virtual job fair (VJF) for the UAE, with 17,000 registered jobseekers from 102 different countries taking part in the online event. It took place between Feb 5 - 9, 2012 and about 200 vacancies were open for application. Press Release - 14Feb 10:27GMT
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  • UAE job market in expansion mode


    The economic diversification programme being followed by the UAE has succeeded in generating hundreds of thousands of jobs in several key sectors, including banking and finance. Press Release - 14Feb 09:14GMT
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  • 'Decision' on Iran imminent: Russian army chief


    The head of Russia's army said Tuesday he expected a "decision" on Iran to be taken by Western powers this summer in response to Tehran's disputed nuclear programme. AFP - 14Feb 09:13GMT
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  • Maliki denies Iraqi army chief swap


    An announcement from the Iraqi Prime Minister's office has denied reports of swapping the Iraqi Army Chief with Director of the Office of the General Chief of the Armed Forces. Iraqi and Kurdish officials confirm the Prime Minister is not authorized to make such a decision alone for the post is an appointment by Kurdistan Region. The Kurdish Globe - 14Feb 09:11GMT
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  • Kurdish opposition presents Kirkuk project


    Local opposition leaders call for fast implementation of Article 140. Three Kurdish parties are demanding the implementation of Article 140 of the Constitution regarding the disputed areas and normalizing relations among the components of Kirkuk. The Kurdish Globe - 14Feb 08:30GMT
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  • Yemen: IMF to address with Donors ways of combating unemployment


    The Minister of Social Affairs and Labor, Dr. Amat Al-Razak Hommad met with IMF mission Chief to Yemen, Dr. Hassan Al-Atrash. Yemen Observer - 14Feb 08:28GMT
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  • Yemeni economist proposes strategy to tackle unemployment


    Dr. Mohammed Ali Jubran prepared study on unemployment which includes a strategy to tackle unemployment. Jubran said " it is easy to criticize the Yemeni government's position and progress in fighting unemployment since the results are negative. Yemen Observer - 14Feb 08:28GMT
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  • Sudanese air strike hits South Sudan, breaking pact: army


    Sudanese warplanes dropped several bombs wounding four soldiers in South Sudan, two days after signing a non-aggression pact, Juba's military spokesman said Tuesday. AFP - 14Feb 08:04GMT
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  • Abu Dhabi delegation visits Singapore Urban Redevelopment Authority


    As part of its ongoing efforts to gain firsthand experience on internationally recognized urban planning strategies and methods and sharing best practices with peers, a five-member, high-level delegation from Abu Dhabi Urban Planning Council (UPC) recently visited the Urban Redevelopment Authority (URA), Singapore's national land use planning and conservation authority. Press Release - 14Feb 08:03GMT
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US, Greece, and Turkey downgrades
 
Dubai Eye - 14 Feb 2012
Philippe Dauba-Pantanacce, Senior Economist, Standard Chartered Bank, discusses downgrades, the U.S., Greece, and Turkey.
 
 
 
 
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  Major Currencies per USD
Euros *  1.32066  14Feb10:45
Pound Sterling *  1.57555  14Feb10:45
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Zawya Select
ZawyaSelect
UAE
Dubai property pain
While Dubai's economic environment is improving rapidly, the real estate sector is likely to go through more pain and fall by a further 15-20% before bottoming out, says Rasmala.
 
 
UAE
An untapped goldmine
The top 100 micro, small and medium sized companies in Dubai have combined revenues of AED2.3bn, net profit of AED220m, and employ 4,319 people.
 
 
The real Greek tragedy
The public sector makes up 20% of the workforce, but enjoys higher wages than the rest. Some may argue that it was this sector that caused the sovereign mess in the first place, writes Kathleen Brooks, director of research at Forex.com.
 
 
 
Companies in Money
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Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 75,994
2 Al Rajhi Bank Saudi Arabia 29,596
3 Qatar National Bank Qatar 26,191
4 Industries Qatar Qatar 20,239
5 Emirates Telecommunications Corporation UAE 19,888
» View Full List
 
 
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