Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said.
Safwan Thabet said
Royal Jordanian Airlines will receive a cash injection of 100 million dinars ($141 million) this year, which will help the carrier recover from operational losses on its Middle Eastern routes, an executive said on Monday.
It could take up to seven years for Gulf waters to recover from any chemical or oil spill, an expert has warned during a workshop designed to ensure Bahrain is ready to cope with an environmental disaster.
A strong recovery in consumer demand for gold has continued in the second quarter, with numbers up from the previous quarter, said a report.
The latest edition of the quarterly summary of the state of gold worldwide, published by
Oil prices recovered on Monday, with US crude up 0.5 per cent to hit $91.91 a barrel, after falling more than one per cent on Friday mainly on hopes that China could take new steps to stimulate growth and lift fuel demand at the world's second
Gold prices retreated from early record highs near $1,900 an ounce on Monday, as a rebound in stock markets from last week's lows gathered pace, denting interest in so-called safe haven assets like German bunds and bullion.
Consumers in major Middle Eastern and Western countries expect the global economy to revert to pre-crisis levels within the next three years and believe that conditions are not as bad as reported by media, says a new study.
The consumer co
The mergers and acquisitions activities in the Arab region, which have been severely hit by the global financial meltdown and stock market collapse, is set to recover only in 2011 and beyond, said an industry expert.
Dr Karim El Solh, chie
The global economy is set to recover in the second half of 2009 as the financial markets gets stabilised and investors’ risk aversion significantly reduced, according to Bank Sarasin, a leading Swiss private bank.
Bank Sarasin in its lates
The worst had passed for the UAE and the country was now in the recovery phase even as the rest of the world was reeling under the economic crisis, said the country's deputy prime minister.
“We are the first country to recover from this cr