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: September 18, 2014
UAE. Company continues to focus on shareholder value; Strong cash position following hedging transaction on part of AerCap stake; Implementing strategy to invest in high-potential sectors of regional economy.
Posted: September 18, 2014
UAE. The agreement bundles Nokia Networks' carrier-grade virtualized core applications and cloud application management products with Red Hat Enterprise Linux OpenStack Platform.
Posted: September 18, 2014
INTERNATIONAL. We have entered a new chapter in the history of central banking. This paradigm shift changes the policy tools that have traditionally defined the sphere of macroeconomic decision-making; We have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.
Posted: September 18, 2014
UAE. The partnership is set to redefine the role of market research in CEM ; Transformative approach helps businesses achieve true customer-centricity.
Posted: September 18, 2014
INTERNATIONAL. World Bank report spells out the repercussions of the political uncertainty and restrictions on movement and access and recommends remedial actions by all parties.
Posted: September 18, 2014
UAE. The start of the UAE's first consumer credit-rating bureau last week will help banks better deal with bad loans six years after one of the world's worst property crashes.
Posted: September 18, 2014
EGYPT. Qalaa Holdings' Hisham El-Khazindar discusses Egypt's economic prospects at Euromoney Conference.
Posted: September 18, 2014
INTERNATIONAL. General Martin Dempsey said that it may at some point prove necessary to send US advisors into action with the Iraqi troops battling IS, in what he called "close-combat advising".
Posted: September 18, 2014
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
Posted: September 18, 2014
UAE. IT spending by financial institutions in the big four markets of the Middle East and Africa (MEA) - Saudi Arabia, South Africa, the UAE, and Turkey - is set for strong year-on-year growth of 10.8% in 2014, according to IDC.
Posted: September 18, 2014
SAUDI ARABIA. The company will provide conventional & Sharia based corporate finance advisory services to listed and unlisted target clients including HNWI's and institutional and corporate clients.
Posted: September 18, 2014
UAE. Full-day event helps emerging businesses to succeed by doing good.
Posted: September 17, 2014
QATAR. Carrier to depart Thursday From Hamburg's Airbus factory bound for Doha with its first super-jumbo; Qatar Airways to receive Four Airbus A380s in total before year end.
Posted: September 17, 2014
SAUDI ARABIA. Saudi Arabia's top scholar council, the only body in the country authorized to issue fatwas or Islamic legal opinions, declared that "terrorism is a heinous crime" under Shariah.
Posted: September 17, 2014
UAE. "Building a sound, robust investment environment is crucial for boosting institutional investor confidence in the regional markets."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 21, 2014
UAE. Nearly 60% of families-run businesses globally are struggling to find external finance; KPMG identifies HNWIs as a highly underutilised route for investment.
date:Posted: September 21, 2014
INTERNATIONAL. Against the backdrop of a rising dollar, uneven developments in global economic growth and interest rates commodities suffered broad-based selling across most sectors.
date:Posted: September 21, 2014
UAE. Average residential rents dipped marginally by 1% during Q3 this year; Office rents across the CBD area remained unchanged while secondary locations grew by 3% quarter-on-quarter; Average villa rents have witnessed a single digit growth of around 8%.
INTERNATIONAL. Bitcoin has followed a volatile path to growing acceptance since its creation in 2009; In this interview finance expert Arturo Bris analyses the risks associated with bitcoin.
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