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Gulf countries

Oil below $105 as Middle East risk premium fades

Source : Reuters / 8 May 2013 

Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on Syria faded.

The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption following Israeli air strikes on Syria close to Damascus.

 

Nokia and Apple named the UAE's top mobile brands

Source : Al Arabiya / 6 May 2013

Half the registered mobiles in the UAE are manufactured by Nokia, while Apple's iPhone 4S is ranked the country’s most popular smartphone, according to a review by the local Telecommunications Regulatory Authority (TRA).

 

Arab advertising market set to top $5bn as digital booms

By Ben Flanagan / 3 May 2013

The value of the advertising business in the Arab world is forecast to top $5 billion this year, propelled by strong growth in the online market, according to Deloitte.

 

Dubai defies luxury property slowdown with 5.4 percent rise in prices

Source : Al Arabiya / 30 Apr 2013

Dubai has defied a global slowdown in the luxury property market after witnessing a 5.4 percent rise in prices during the first quarter of this year, according to Knight Frank.

The emirate came fourth in a ranking of the world’s luxury property markets, behind only Jakarta, Bangkok and Miami in terms of price rises, the property consultancy said.

 

Arab countries divided over media credibility

By Agencies / 29 Apr 2013

People in some Arab countries appear to be divided when it comes to trusting the credibility of their national news agencies, according to the results of a recently conducted survey of media habits in the region.

 

Top 10 richest Arabs in UK share $17.5bn fortune

Source : Al Arabiya / 22 Apr 2013 

The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking by the Sunday Times.

The Saudi Arabian business mogul Mohammed Bin Issa al-Jaber, who made his fortune in the hotels, restaurants and food industries, was ranked 15th as a new entrant on the newspaper’s annual Rich List.

 

Islamic and Arab culture lost in UAE's foreign schools

By Afshan Ahmed / 20 Apr 2013

They are being overwhelmed in all levels of education with concepts that are not adapted to the local culture, in what Dr Eugenie Samier describes as "intellectual imperialism".

The associate professor of management and leadership at the British University in Dubai has written a paper on the issue, which will soon be published in Interchange, a quarterly education review journal.

 

Oil pushed towards $100 a barrel

Source : Reuters / 20 Apr 2013

Oil prices pushed towards $100 a barrel on Friday, recovering some ground after a steep six-day fall as bargain hunters stepped in, although worries about global demand and oversupply kept a lid on the rebound.

Analysts said the market seemed to be stabilising after a week of heavy liquidation, in which prices tumbled from over $106 along with a rout in gold and industrial metals.

 

Unemployment in Mena young people is world's highest

By Saifur Rahman / 15 Apr 2013

Unemployment rate among young people in the Middle East and North Africa (Mena) region is the highest in the world, said a latest World Bank report which warned of a ‘high levels of vulnerability’ if governments do not take urgent steps to create jobs and ensure inclusive growth.

 

20% of high school students have tried drugs

By Habib Toumi / 15 Apr 2013 

Around one fifth of Kuwait’s high school students tried drugs, a study has indicated.

According to the survey of 11,380 public and private school students conducted by the Public Authority for Youth and Sport in Kuwait, 19.6 per cent said that they took drugs for pleasure or due to peer pressure.

 
 

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