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Business News

FEATURED REPORT...
Posted: 02-08-2011
UAE. Classic brands are playing by different rules today to grow in the new markets of the East. But is the “New Look” worth it? The continued growth of emerging markets like the Middle East and China are “transforming the luxury industry”, said Claudio D’Arpizio, a Bain & Company partner and lead author of its ‘Spring 2011 Update: Luxury Goods Worldwide Market Study’ upon the report’s release in May. “Luxury has made a brilliant return to the retail stage, but the script has been re-written” to suit both the escalating demand and the new consumer. The Chalhoub Group,
Posted: May 25, 2013
UAE. The joint venture between Arabtec Saudi Arabia and Greece's Terna has been awarded a contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
Posted: May 25, 2013
EGYPT. Egyptian billionaire Naguib Sawiris, who has said in the past that he regretted investing in Canada, is giving it another go.
Posted: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
Posted: May 24, 2013
JORDAN. The influx of refugees is affecting the livelihoods of Jordan's host communities and access to public services and basic commodities is under pressure.
Posted: May 24, 2013
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
Posted: May 24, 2013
INTERNATIONAL. The gold price fell US$10 per ounce after reaching almost US$1,400 for the fifth time this week.
Posted: May 24, 2013
INTERNATIONAL. Syria's divided opposition called on the regime of President Bashar al-Assad to bluntly state whether it was interested in peace talks and on what terms.
Posted: May 24, 2013
UAE. Over fifty marketing professors and professionals gathered at the University of Strathclyde Business School's Dubai campus for an enlightening exchange of ideas.
Posted: May 24, 2013
UAE. Middle Eastern entrepreneurs regard lack of access to credit (75%) as the biggest deterrent to setting up a business today.
Posted: May 23, 2013
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
Posted: May 23, 2013
UAE. Purchases 25% minority stake owned by Carrefour Group for US$684 million; Operates 50 hypermarkets and 44 supermarkets under the Carrefour brand.
Posted: May 23, 2013
INTERNATIONAL. Moustaki penned some 300 songs including the 1958 hit "Milord" sung by Edith Piaf which created a worldwide sensation.
Posted: May 23, 2013
UAE. 'We all have a role to play ', says ACCA welcoming a proposed international framework for audit quality. "All the stakeholders in the corporate reporting supply chain have to pull together."
Posted: May 23, 2013
IRAQ. Oil production from the field has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
date:Posted: May 24, 2013
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
date:Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.



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