Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: February 8, 2016
UAE. Acquisition leverages significant synergies and strengthens the Gulf Capital Portfolio Company's competitive positioning in the offshore oil and gas manpower services sector.
Posted: February 8, 2016
UAE. Whilst there may be some concerns that the introduction of VAT may intensify the cost of doing business, the anticipated low rate of 5% should mitigate this.
Posted: February 8, 2016
UAE. FY2015 rental income record 11% growth to US$ 815 million; Visitor arrivals to Emaar Malls assets in 2015 cross 124 million, an increase of 9% over 2014.
Posted: February 7, 2016
UAE. "Opportunities to Inspire" campaign underscores division's growth strategy.
Posted: February 7, 2016
UAE. The markets are looking for help as the US economy joins the pack with weaker than expected growth; Dollar weakness provides relief for Asia.
Posted: February 6, 2016
INTERNATIONAL. PMI: The high cost of low performance shows need for stronger worldwide implementation of project, program and portfolio management.
Posted: February 6, 2016
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
Posted: February 5, 2016
UAE. Thirty-four percent year-over-year revenue growth in global enterprise orders and continued DRaaS demand catapults Veeam to reach their goal of US$1 billion in revenue by 2018.
Posted: February 5, 2016
UAE. Three-pronged effort to include services, training and a US$100 million investment fund.
Posted: February 5, 2016
BAHRAIN. Leaders from Milliman, Solidarity Group, Medgulf Takaful, Crescent Global lead discussions on industry outlook.
Posted: February 4, 2016
UAE. According to new survey, 36% of respondents highlighted a focus on developing digitally enabled products and services as key, above data mining (32%) and the social media (18%).
Posted: February 4, 2016
LEBANON. The Byblos Bank/AUB Consumer Confidence Index averaged 39.5 in the third quarter, nearly unchanged from the second quarter of 2015, and decreased by 6.7% to an average of 36.9 in the fourth quarter of 2015.
Posted: February 4, 2016
UAE. Deal to further strengthen R&M's position in the fiber optic cabling market.
Posted: February 4, 2016
UAE. 2016 looks like it will be a very tough year for investors; In MENA markets, equities have fallen a long way but remain on valuations that are well above previous distress levels; Our advice is to remain defensively invested and wait for true value to appear in the valuation of risk asset markets before committing.
Posted: February 3, 2016
EGYPT. The lack of incoming new business left firms with little pricing power, as charges were lowered in spite of another sharp rise in total input costs.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 8, 2016
UAE. KPMG's inaugural "Variables for Sustained Growth" (VSG) Index tracks some of the most important factors that support economic performance in 181 countries; UAE ranks 24 based on metrics including infrastructure development, education and strength of public institutions.
date:Posted: February 8, 2016
UAE. On a city wide basis, capital appreciation since 2009 has been a mere 16%, whereas the total returns including rent during the same period have been close to 70%.
date:Posted: February 7, 2016
UAE. The markets are looking for help as the US economy joins the pack with weaker than expected growth; Dollar weakness provides relief for Asia.
UAE. KPMG's inaugural "Variables for Sustained Growth" (VSG) Index tracks some of the most important factors that support economic performance in 181 countries; UAE ranks 24 based on metrics including infrastructure development, education and strength of public institutions.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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