Many of the headlines splashed around the economic pages since September 2008’s global financial earthquake have inspired little confidence in Middle Eastern equities. The latest aftershock, involving Dubai World’s liabilities,…
Economics & Policy
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Oil and gas markets face a number of challenges to their continued development, with producers confronting three main issues: peak oil, alternative energy and/or nuclear power and the risk…
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The effects of the July 2006 war are still being felt by the country’s industries, and by export orientated businesses in particular. Nizar Raad, managing director of Universal Metal Products…
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Crude oil prices are expected to remain stable in 2010 after two years of market fluctuations brought on by the global economic downturn. Barrel prices are expected to remain around…
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The mountain of bad debt still on the books of the United States banking system and now emerging in the European banking system, as well as the furious monetization of…
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During the first quarter of 2009, Lebanon braced itself for a steep fall in remittances. The logic held that the global financial crisis would severely affect remittance inflows from…
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Until recently, thelabor laws of the United Arab Emirates seemed as stationary as the tectonicplates under the Arabian Gulf. Those plates seldom shift, but when they do the result is…
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The road to transparency is seldom traveled by Gulf financial institutions, but the Abu Dhabi Investment Authority’s (ADIA) publication last month of its first financial disclosure since its inception in…
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There is no question that healthcare is booming despite the financial crisis — not only in the Middle East and other emerging markets, but also in many parts of the…
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Hotels are reaping the benefits as Beirut becomes more attractive to tourists. According to the global accounting firm Deloitte’s most recent report on hotel performance in the Middle East, in…