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FEATURED REPORT...
Posted: 25-07-2011
UAE. The Islamic finance industry is pegged to grow at 15%-20% per year. 63% of Islamic finance institutions are in the Middle East, controlling more than 50% of Islamic banking assets. These statistics were discussed at the recently concluded first ever Oman Islamic Banking Conference. “Oman’s move to Islamic finance comes at just the right time as ethical finance gains a foothold around the world. The speakers illuminated a number of key aspects of the industry and question time after each presentation was lively as delegates delved deeper into the topic. We are proud to be supporting
Posted: April 16, 2014
UAE. January 2014 was another positive month for the hospitality industry in the Middle East, with several GCC cities, including Dubai, Doha, and Muscat, witnessing robust increases in their hospitality KPIs.
Posted: April 8, 2014
UAE. A recent study by The Boston Consulting Group shows that Middle East banking revenues increased by 10.7% in 2013, whilst profits were up by 10.3%; At an aggregate level, provisions for bad loans grew slightly again, by 2.5%.
Posted: April 7, 2014
OMAN. The inaugural edition of the Professional Convention Management Association (PCMA) Advisory Summit 2014 discussed the depth and breadth of how the Sultanate can maximize the potential of the Oman Convention & Exhibition Centre, scheduled for completion in 2016.
Posted: March 19, 2014
SAUDI ARABIA. According to an EY study presented at the Jeddah Economic Forum (JEF) 2014, GCC employers do not believe that the local education system prepares young people with the requisite skills, training and attitudes for the workplace.
Posted: March 17, 2014
UAE. UAE maintains position as region's most popular destination for expatriates; Across GCC, more companies expect to hire staff; Qatar, Saudi Arabia, and the UAE lead job creation.
Posted: March 17, 2014
UAE. Growth in issue volumes in the Gulf's capital markets in 2014 will likely be steady versus the 2013 rate, although low yields could ultimately push up issuance
Posted: March 14, 2014
INTERNATIONAL. Qatar's tight rental market has made it the most expensive country to live in the GCC, according to a comprehensive analysis on the cost of living in the region.
Posted: March 12, 2014
INTERNATIONAL. Saudi Arabia's fierce campaign against the Muslim Brotherhood, already on the run in its Egyptian birthplace, has divided the Gulf Arab bloc, causing discomfort in some member states where the Islamist group is embedded in daily politics.
Posted: March 12, 2014
KUWAIT. The current construction boom in the GCC has been a key factor driving the demand for cement; Total value of projects planned or underway in the GCC stands at US$2,469 billion.
Posted: March 11, 2014
INTERNATIONAL. A.M. Best report analysed an extensive portfolio of companies in 19 countries over the past nine years, comparing the GCC markets with developed markets and those of the BRIC countries.
Posted: March 10, 2014
UAE. UAE, Oman and Iraq lead Middle East transactions; Upstream dominates Middle East oil and gas sector in 2013 in terms of number and value.
Posted: March 4, 2014
UAE. "The UAE and Saudi Arabia would, despite their large non-oil sectors relative to GCC peers, face reduced fiscal flexibility."
Posted: February 24, 2014
QATAR. QNB Group expects the GCC banking system to grow robustly as major projects are rolled out across the region, driving real GDP growth of 4.6% this year.
Posted: February 24, 2014
UAE. 90% of jobseekers in the Middle East and North Africa, say companies should position themselves as great places to work, according to Bayt.com survey.
Posted: February 14, 2014
KUWAIT. The overall economic outlook for the GCC remains positive supported by a resilient oil sector, large infrastructure projects, stimulus measures and accommodative monetary policy.

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."
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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