18th May, 2013, 22:05
Posted: May 18, 2013
INTERNATIONAL. Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence.
UAE. It would replace a US$700 million 12-year term loan raised in 2005 to fund construction of Atlantis, according to two people with knowledge of the matter.
INTERNATIONAL. Amid the saga to have Cyril Karabus freed, the World Medical Association issued a cautionary advisory notice to doctors thinking of working in the UAE.
UAE. New alliance to explore potential development of US$1.5 billion in carbon capture, renewable energy, desalination and cleantech venture capital projects.
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MIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
date:Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.
MIDDLE EAST COUNTRIES
SAUDI ARABIA. First Boeing 777-300ER delivered to Saudia with three-class cabin configuration; Airline has backlog of 21 Boeing airplanes.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
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