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: July 22, 2014
UAE. The escalation of turmoil in the world is yet to play a role for the market, but be warned: everything economic has a delayed reaction of nine to twelve month. If the present state of alertness continues through the summer you can bet on higher energy prices having a serious impact.
Posted: July 22, 2014
UAE. Abu Dhabi has accused the Al-Jazeera TV channel and websites close to Qatar of "fabricating" information suggesting UAE supported Israel's attack in Gaza.
Posted: July 22, 2014
INTERNATIONAL. The Security Council demanded that armed groups allow unfettered access to the crash site and ensure that its integrity is maintained.
Posted: July 22, 2014
INTERNATIONAL. The remains of some of the nearly 300 victims of the Malaysia Airlines plane downed over Ukraine were making their way to the Netherlands on Tuesday.
Posted: July 22, 2014
SAUDI ARABIA. Saudi Arabia is removing barriers on one of the world's most-restricted major stock exchanges as the government pursues a US$130 billion spending plan to boost non-oil industries.
Posted: July 21, 2014
UAE. The human factor drives the innovative capacity; The GII 2014 surveys 143 economies around the world, using 81 indicators-to gauge both their innovation capabilities and measurable results.
Posted: July 21, 2014
INTERNATIONAL. Fighting flared in the eastern Ukrainian city of Donetsk as investigators began to inspect the bodies of victims of the downing of Malaysia Airlines flight MH17 last week.
Posted: July 21, 2014
INTERNATIONAL. Separately, the Israeli army said it had killed "more than 10 militants" who had infiltrated southern Israel through two cross-border tunnels.
Posted: July 21, 2014
IRAQ. Christians in the Iraqi city of Mosul were wrong-footed by its new jihadist masters, who initially left them in relative peace but later forced them to flee for their lives.
Posted: July 21, 2014
UAE. Tim Clark, president of Dubai's Emirates, said domestic regulators worldwide may decide to be more involved in giving their carriers guidance on where it is safe to fly.
Posted: July 21, 2014
UAE. Arabtec fell to the lowest level in a week as some investors questioned the government's support for the UAE's biggest publicly traded builder.
Posted: July 21, 2014
UAE. GCC IPO volume up 67% in H1 2014; H1 2014 saw the most capital raised and highest volume of IPOs since 2008; "The IPO market is very strong across MENA, particularly among the GCC countries."
Posted: July 21, 2014
UAE. Topics of major consideration for the industry include Big Data analytics, core banking optimization, mobile and social marketing, regulatory compliance and new payment solutions.
Posted: July 21, 2014
KUWAIT. First half 2014 net profit figure represents an increase of 10% over the same period last year; Deposits increased by 4% to reach US$ 38.1 billion.
Posted: July 21, 2014
UAE. The UAE's recent upgrade to "Emerging Market" from "Frontier Market" has increased its thirst for higher global rating, and playing a more pivotal financial role globally.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 23, 2014
UAE. HNW business owners in Asia, Africa and the Middle East are highly focused on growing their business, and personal wealth ambitions come second, finds a study by Standard Chartered Private Bank.
date:Posted: July 23, 2014
UAE. Colliers' Capital Flows Quarterly Report highlights Middle East investors' appetite for alternative product including hotels and serviced apartments.
date:Posted: July 22, 2014
INTERNATIONAL. "Whether Putin is in real trouble is not something I can be certain of, but too many things have gone wrong for him lately for me not to consider the possibility. And as in any political crisis, more and more extreme options are contemplated if the situation deteriorates."
UAE. HNW business owners in Asia, Africa and the Middle East are highly focused on growing their business, and personal wealth ambitions come second, finds a study by Standard Chartered Private Bank.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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