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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: August 16, 2017
OMAN. Port's digital transformation and automation to facilitate and boost global trade.
Posted: August 14, 2017
UAE. Al Masah Capital: A set of disappointing regional earnings for Q2 coupled with negativity on the global scene had its effect with a subdued market performance last week.
Posted: August 7, 2017
UAE. Dubai, Abu Dhabi, Kuwait and Oman ended the week up by 1.9%, 0.6%, 0.3% and 0.2% respectively. Qatar was the worst performer losing 1.7%.
Posted: July 13, 2017
UAE. The Musandam gas plant, located on the west coast of the Musandam Peninsula, has a processing capacity of up to 20,000 barrels of crude; 45 million cubic feet of gas and 75 tons of LPG per day.
Posted: July 10, 2017
UAE. Geopolitical tensions weighed down on investors' sentiments affecting regional markets' performance.
Posted: July 2, 2017
UAE. Sohar becomes Air Arabia's third destination in Oman; Three weekly flights connecting Sharjah and Sohar starting July 9.
Posted: June 22, 2017
UAE. The new risk tool uses a bespoke seismotectonic source model to give a more accurate assessment of earthquake risk in the UAE and 10 other regional countries.
Posted: June 22, 2017
OMAN. Landmark agreement to redevelop Oman's Port Sultan Qaboos into an integrated tourist port and lifestyle destination that includes hotels, residences, as well as a dining, retail and leisure offering.
Posted: June 13, 2017
UAE. The positions of different authorities is evolving and shipping companies do not yet have a complete picture on which to base their contingency planning, but they should all take care to distinguish between official and unofficial news.
Posted: May 18, 2017
UAE. 2020 Expo key to 'lukewarm' construction market in UAE with costs forecast to rise by 2% in 2017; Rest of the region including Qatar and Oman seeing construction slowdown and stable costs, reflecting oil prices.
Posted: May 15, 2017
UAE. UAE, Saudi Arabia, Qatar, Kuwait and Oman's aviation infrastructure to help fuel travel and tourism sectors and accelerate economic growth; Around 46% of region's aviation projects are located in Saudi Arabia; More than two-thirds are being executed in the GCC.
Posted: May 4, 2017
OMAN. Oberthur Technologies announced the launch of Smart InHouse in Muscat, a new solution based on OT's Common Personalization System (CPS) in partnership with Bank Muscat.
Posted: May 2, 2017
UAE. Latest MEED research shows improvement despite spending cuts; Private sector investment will be a key driver of new construction opportunities in 2017.
Posted: April 24, 2017
UAE. Installed generation capacity in the MENA countries analysed will have to rise by almost 150GW, more than 50% on the current available capacity of 290GW, to reach a massive 440GW by 2020.
Posted: April 24, 2017
UAE. Number of active hospitality projects reached 1,153 as 62 projects with a combined value of US$2.5 billion were added to the list in the first quarter of 2017, according to BNC Network; GCC hospitality sector constitutes 7% of all active projects in the GCC.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 18, 2017
UAE. As many as 292 tenders with an estimated value of US$9.5 billion were awarded in Q2, while the total value of urban construction project awards set to reach US$50.9 billion in 2017, according to BNC Network.
date:Posted: August 17, 2017
UAE. Inaugural Global Interconnection Index finds interconnection becoming an essential building block of the global digital economy.
date:Posted: August 16, 2017
UAE. Jeff Youssef, Partner at Oliver Wyman and co-author of "Leveraging the Private Sector to Improve Airport Infrastructure", comments on airport privatisation in the region.
UAE. Cisco's security research organization Talos says once this ransomware enters your system, it uses three ways to spread automatically around a network, one of which is the known Eternal Blue vulnerability.
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