Finance Minister Mohammed Shatah revised Lebanon’s projected GDP growth for 2009 to 3 percent from 5 percent in light of the global financial crisis and the expected economic slowdown in the oil-rich Gulf Arab states. The minister also projected inflation to reach 5 percent this year. Lebanon counts heavily on the remittances of Lebanese expatriates to shore up the economy, which was badly battered by a series of security incidents and political turbulence since the assassination of former...The Government Revises the Budget Deficit Again
Finance Minister Mohammed Shatah revised Lebanon’s projected GDP growth for 2009 to 3 percent from 5 percent in light of the global financial crisis and the expected economic slowdown in the oil-rich Gulf Arab states. The minister also projected inflation to reach 5 percent this year. Lebanon counts heavily on the remittances of Lebanese expatriates to shore up the economy, which was badly battered by a series of security incidents and political turbulence since the assassination of former...Bahrain tops league for foreign direct investment
Bahrain's position as a regional leader for foreign investment has been confirmed after it was ranked number one in the GCC for inward foreign direct investment in the World Investment Report announced recently at the United Nations Conference on Trade and Development in Geneva.The report was regionally launched from Bahrain and was hosted by the Economic Development Board and MENA OECD Investment Center at the Diplomat Radisson Sas Hotel Residence and Spa.
Bahrain - internationally recognised as having the most open and liberal economy in the Middle East - was rated above fellow GCC...
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Bahrain - internationally recognised as having the most open and liberal economy in the Middle East - was rated above fellow GCC...
Real estate markets of the Middle East will outperform all other regions
The real estate markets of the Middle East will outperform all other regions, according to findings from the Investor Sentiment Survey, an in depth study of real estate professionals market views conducted by Jones Lang LaSalle in association with Cityscape Dubai, the world's largest real estate conference and exhibition. The report also reveals that almost half of all respondents believe UAE will offer the best performing real estate market in the Middle East over the next 1 - 2 years, with the Kingdom of Saudi Arabia to be the next best performer.
Pooling the views of a sample of over...
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Pooling the views of a sample of over...
HE Sheikh Fahad Bin Faisal Al Thani welcomes IMF's Qatar findings
His Excellency Sheikh Fahad Bin Faisal Al Thani, Deputy Governor, Chairman National Anti Money Laundering and Terrorist Financing Committee has responded positively to the findings of the International Monetary Fund's (IMF) review of Qatar's anti-money laundering and combating the financing of terrorism (AML/CFT) framework and has reiterated Qatar's commitment to fighting money laundering and combating the financing of terrorism. The report was published today on the IMF website.
The report, adopted by the Financial Action Task Force (FATF) and the Middle East & North Africa Financial...
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The report, adopted by the Financial Action Task Force (FATF) and the Middle East & North Africa Financial...
International House Price Index for Dubai, second quarter 2008
Colliers International, the global real estate consultancy, today launched its Q2 2008 International House Price Index for Dubai. The annual overall growth between Q2 2007 and Q2 2008 was 76% representing a growth from 117 to 206 points on the underlying index. The quarterly overall growth rate slowed from 42% in Q1 2008 to 16% in Q2 2008 representing an increase from 178 to 206 points on the underlying index.
This average price increase was significantly high when compared to other major international cities over the same period. The index shows that prices increased across all market...
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This average price increase was significantly high when compared to other major international cities over the same period. The index shows that prices increased across all market...
