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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: 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.
Posted: March 31, 2017
UAE. In terms of value, rail represents US$190.4 billion or 50% of the total value of projects, followed by road construction (US$121.4 billion).
Posted: March 29, 2017
UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
Posted: March 27, 2017
UAE. Al Masah Capital Report: Dubai was the worst performer last week down by 1.7% followed by Saudi Arabia and Oman each heading south by 0.6%.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 20, 2017
LEBANON: "The overall decline in the level of household sentiment in the second quarter of 2017 was due to consumers' widespread disappointment by the misplaced priorities of the government."
date:Posted: July 19, 2017
INTERNATIONAL. "Far from being a sign of intellectual inferiority, the capacity to err is crucial to human cognition." Ironically, if we want to 'get it right' we are going to have to get it wrong.
date:Posted: July 18, 2017
The findings also reveal that, while demand for cyber insurance is increasing, the majority of these losses are not currently insured, leaving an insurance gap of tens of billions of dollars.
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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