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Posted: 11-05-2011
SAUDI ARABIA. The six Gulf monarchies Tuesday responded to Arab uprisings by agreeing to expand their regional grouping to include pro-Western Jordan and Morocco and urged a quick political deal in Yemen. The Gulf Cooperation Council (GCC) welcomed bids by the two Arab kingdoms to join the six-nation grouping of Gulf monarchies, its secretary general Abdullatif al-Zayani said. "Leaders of the GCC welcomed the request of the Hashemite Kingdom of Jordan to join the council and instructed the foreign ministers to enter into negotiations to complete the procedures," Zayani told reporters. He sa
Posted: November 13, 2013
UAE. Qatar, Jordan, Morocco and Egypt show significant potential; Government policy frameworks and regulation are the main challenges for renewable energy.
Posted: November 5, 2013
UAE. The Middle East's largest telecom takeover will hand Etisalat control over the largest wireless carrier in Morocco, adding to its African operations that include Egypt and Nigeria.
Posted: October 22, 2013
UAE. With the Arab region's different generations becoming increasingly distinct, governments and business leaders must tailor their policies to meet these groups' varying objectives if they are to craft economic reforms and make their countries more competitive.
Posted: October 14, 2013
INTERNATIONAL. Fostering social cohesion and avoiding a downward spiral of economic and political malaise calls for urgent implementation of economic reforms and coordinated support from the international community.
Posted: October 8, 2013
UAE. Of those who choose to be employees, 54% would prefer to work in the private sector, finds survey, recently conducted by Bayt.com and YouGov.
Posted: September 29, 2013
UAE. Social networking activities have changed employers' opinions of candidates, making a professional online presence more important than ever, according to Bayt.com survey.
Posted: September 26, 2013
INTERNATIONAL. Morocco has been notified that it could be downgraded to a Frontier market if conditions do not improve, principally liquidity.
Posted: September 24, 2013
UAE. Abu Dhabi National Energy Co., the state-controlled producer, is planning an initial public offering of the Jorf Lasfar Energy Co. unit, according to people with knowledge of the matter.
Posted: September 15, 2013
UAE. Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 - 85% of the total estimated population.
Posted: September 10, 2013
MOROCCO. Investment will enable pharmaceutical company to expand local facility and increase its product portfolio; Steripharma to increase exports to the private sector in North and Sub-Saharan Africa.
Posted: August 27, 2013
INTERNATIONAL. International tourism demand grows by 5%, exceeds expectations in the first half of 2013, according to latest data by UNWTO.
Posted: August 26, 2013
UAE. 95% of MENA respondents want to do more community service work, 41% say that they don't know where to start, reveals Bayt.com poll.
Posted: August 19, 2013
UAE. 69% of UAE companies 'definitely hiring' in the next quarter expect to take on up to 10 employees, according to the latest Bayt.com Job Index survey.
Posted: August 12, 2013
UAE. The bank applied for licenses in Algeria and Libya and is considering Tunisia and Morocco, CEO Tirad Mahmoud, said. We are seeking to expand in nations with "a critical mass in terms of population and economic activity."
Posted: July 25, 2013
INTERNATIONAL. Orange Money enables Orange customers to transfer money from mobile to mobile, to pay bills and withdraw and deposit money through a network of certified distributors.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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