QATAR. Despite the grim global economic landscape of the past few years, the number of construction sites in Qatar has increased steadily.
As the construction sector continues its seemingly unabated growth, companies are increasingly cognisant of the importance of implementing effective health and safety policies, particularly in respect of site safety.
Construction sites by their very nature tend to expose employees to heightened risks of accidental injury or even death, and the implementation and observation of effective policies are an integral part of mitigating those risks
UAE. The recent completion of two major and long-running projects to update financial reporting of revenue recognition and financial instruments will usher in a new set of challenges for users of International Financial Reporting Standards (IFRS) in the GCC, says ICAEW.
QATAR. A DMA is used where an owner wishes to engage a third party to carry out a development on the owner's behalf, and is suitable where the owner may not have the necessary skills, expertise or capacity to undertake the development.
UAE. Saudi Arabia had the largest rail project pipeline in the region with over US$100bn, including the Riyadh Dammam High-Speed Rail, which is currently under study, along with the Eastern Province Municipality - Dammam Metro.
UAE. The total number of IPOs in Q3 2014 was lower than the previous quarter where we saw seven offerings. However, the total value in Q3 2014 was US$ 1.6 billion, which is a 78% increase in total value compared to Q2 2014.
UAE. Middle East investment banking fees reached US$138.2 million during Q3 2014; debt issuance reached US$6.3 billion; The UAE was the most active nation accounting for 45% of the debt issuance activity.
INTERNATIONAL. Their dependence on oil is their Achilles' heel, and a knife went through it when the price of oil started to fall. They're also hurt by the sanctions that make it difficult to finance debt.
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.