Business & Management

Iraqis fear unemployment more than security

Iraq_Street_P_6

AROUND 36 PER cent of Iraqis say economic issues - unemployment (21 per cent) or financial insecurity (15 per cent) - are the biggest problems they face today. This compares to 16 per cent who believe security problems are their greatest difficulty.

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NBF posts solid 2009 results

Having posted a loss of US$13.7mn in 2008, the National Bank of Fujairah (NBF) was recently able to announce much better news: a net profit of US$28.4mn in 2009.

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Jordanian economy forecast to grow further

Jordan

Jordan’s economy is expected to grow 3.9 per cent this year and 4.5 per cent in 2011, according to a World Bank report.

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Abu Dhabi optimistic

ABU DHABI'S GROSS domestic product (GDP) is expected to expand up to six per cent on year in 2009, a top government official said recently. "It will be single-digit growth this year, between four per cent to six per cent," Nasser Al Suwaidi, Chairman of Abu Dhabi's Department of Economic Development, told reporters on the sidelines of the Korea-Abu Dhabi Investment Roadshow 2009. Abu Dhabi's economy is estimated to have grown at least 17 per cent in 2008 on the back of record-high global oil prices.

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Lebanon - an attractive investment hub

LEBANON IS ON track to achieve a seven per cent growth in GDP in 2009, highlighting the country's continued economic surge and transformation into one of the region's most attractive investment hubs, revealed the Investment Development Authority of Lebanon during a panel discussion held recently at Cityscape Dubai 2009.

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