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
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.
LEBANON. "The persisting high level of political uncertainties in the country and wide spillovers from the Syrian crisis, represented the main factors that negatively affected the confidence of Lebanese consumers during the third quarter of 2014."
UAE. The UAE is a typical example of how the growth of talents and skills is key to improving competitiveness; Algeria, Libya and Yemen rank in the bottom quartile globally, while most of the GCC countries rank among the top quartile globally.
LEBANON. Improvement in PMI Lebanon employment figures in spite of lower global data; Lebanon is escaping the recession and capitalizing on its US dollar peg; Lower headline inflation rate can be witnessed during recent months.
LEBANON. According to the IIF, the economy grew by 1.7% in 2014 helped by Banque du Liban's stimulus package and the fiscal deficit narrowed to 7% of GDP; The IIF baseline scenario expects a modest pick-up in growth to 2.2% in 2015.
SAUDI ARABIA. Frost & Sullivan estimates Saudi Arabia will have a 4% weight in the Morgan Stanley Capital International emerging market index. This implies hundreds of billions of dollars would flow into investments.
UAE. Hareb Al Darmaki, Executive Direcor Abu Dhabi Investment Authority, named as member of the Advisory Council; The Institute funds cutting edge research and fosters high level discussion aimed at better meeting the investment challenge.
UAE. In a speech to the Dubai Global Convention on Leadership for Business Excellence and Innovation, Andrew Ratcliffe expressed to government officials and business leaders that companies should rethink how they behave if they want long-term success.