INTERNATIONAL. Concerned about possible Israeli encroachment upon recently discovered offshore natural gas fields, Lebanon's Parliament has passed draft legislation demarcating its maritime borders with Israel. The 18-article law was drafted in the Parliament’s Public Works, Transport, Energy and Water Committee, headed by MP Mohammad Qabbani, The Daily Star reported. At issue are two massive offshore natural gas fields, Tamar and Leviathan, off Israel's northern city of Haifa, where initial prospecting estimates have concluded that the pair of sites between them could hold as much
LEBANON. The consensus growth forecast for 2015 fell to 1.5%, from 2% at the start of the year; Growth will be primarily driven by public spending, banking, ICT, and restaurants; No rise in real estate transactions or prices; 50/50 chance of a President being elected in 2015.
UAE. Governments, employers and academic institutions in the MENA region all have a role to play to address labour market inefficiencies, develop national talent, and ultimately drive long-term sustainability into the 21st century and beyond.
UAE. 66% say their salary is lower than other companies in their industry, according to the latest Bayt.com and YouGov Salary Survey; A staggering 87% of UAE respondents have seen the cost of living rise in 2014, with 34% saying that it grew by more than 20%.
UAE. 3rd Edition of ArabNet returns to the UAE from May 27-28; Research by McKinsey &Co goes as far as saying that those who become digital leaders can expect 50% profit boosts in their next five years.
UAE. According to Saxo Bank’s Essential Trades for Q4, there is hope - and investment opportunities - even though the pretend-and-extend cycle of denial persists; "The perfect storm raging through emerging markets is also the biggest opportunity in decades."
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.