Middle East Business Review – 3 Apr

Spread the love

business newspapers review

A look at today’s financial news and business updates from the Middle East region:

63% of UAE employees expect salary raise in next 12 months: Bayt.com/YouGov MENA Survey

The latest MENA Salary Survey conducted by Bayt.com, the Middle East’s number one jobsite, and YouGov, a research and consulting organisation, has revealed that despite 44% of employees having been unhappy with their last pay rise, more than half believe that salaries in the UAE are increasing. Click here to read more…

UAE govt spending to decline: IMF

The International Monetary Fund (IMF) has projected that the public sector spending and lending in the UAE will drop by AED20.57bn ($5.6 billion) this year as both the government of Abu Dhabi and Dubai, scale back their budget. Click here to read more…

Progress made on defence contracts with Saudis, says BAE

Top British defence contractor revealed it is making good progress on talks with Saudis over the order for 72 Eurofighter Typhoon jets but added they are far from reaching an agreement on prices. Click here to read more…

GCC construction sector eyes rebound with projects worth $286bn

According to a research conducted by MEED Projects for the Arabian World Construction Summit in Dubai, the GCC construction sector is poised to make a sound rebound, with projects worth $286 billion set to be awarded between 2012 and 2016. Click here to read more…

Middle East passenger traffic grew 23.4% in Feb – IATA

A latest International Air Transport Association (IATA) report released on Tuesday suggested Middle Eastern airlines registered a 23.4% increase in passengers during February compared to the same period the previous year as carriers have started to recover from the impact of the Arab uprisings. Click here to read more…

Facebook Comments