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: November 24, 2014
UAE. Lewis Hamilton joined the elite ranks of double Formula One world champions on Sunday after a nerve-racking drive to victory in the floodlit season-ending Abu Dhabi Grand Prix.
Posted: November 24, 2014
UAE. Andrew Liveris, speaking on the sidelines of a conference in Dubai, said his company was "moving from doing commodities just for commodities sake, moving more downstream and Kuwait is more about commodities..."
Posted: November 24, 2014
INTERNATIONAL. Iran and six world powers looked set to miss Monday's deadline for resolving a 12-year stand-off over Tehran's nuclear ambitions and are already looking at a possible extension of the negotiations.
Posted: November 24, 2014
IRAQ. There was no independent confirmation that the army, Shi'ite militia and Kurdish peshmerga forces had completely retaken Jalawla and Saadiya, about 115 km northeast of Baghdad.
Posted: November 22, 2014
INTERNATIONAL. U.S. Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif yesterday reversed plans to leave the Austrian capital for briefings with allies and national leaders.
Posted: November 22, 2014
LEBANON. Lebanon's government has decided to cancel Independence Day celebrations for the first time since the 1975-1990 civil war because of the country's presidential vacuum.
Posted: November 22, 2014
OMAN. One of the world's most advanced fuel efficient LNG carriers; The 162,000 cubic metres capacity vessel was built by Hyundai Heavy Industries in South Korea.
Posted: November 22, 2014
UAE. ICT spending in the Middle East would top US$96 billion by the end of the year, with education being one of the top three sectors driving the industry's growth.
Posted: November 22, 2014
UAE. During event keynotes, Samsung shows upcoming line of FreeSync-enabled Ultra-High Definition Displays and Capcom announces evaluation of AMD Mantle API.
Posted: November 22, 2014
UAE. DuBiotech has conducted a high level event focused on the challenges of stimulating the biotechnology industry in the UAE.
Posted: November 22, 2014
UAE. Over US$60 million investment in four ship-to-shore container cranes and 12 rubber tyred gantry cranes; Sophisticated cranes with user-friendly interfaces adopt the highest standards of safety
Posted: November 22, 2014
INTERNATIONAL. IAEA chief Yukiya Amano said he was still unable to provide "credible assurance" Iran had no undeclared nuclear material and activities.
Posted: November 22, 2014
INTERNATIONAL. "We would step up the pressure and broaden even more the channels through which we intervene, by altering accordingly the size, pace and composition of our purchases."
Posted: November 20, 2014
QATAR. "We've been created to avoid the volatility in oil price," Ahmed Al-Sayed, CEO of the Qatar Investment Authority, said. "We are already adjusted and ready for such a scenario."
Posted: November 20, 2014
INTERNATIONAL. The trajectory of Japan's economy has much to teach us about the wisdom of Keynesian policies. Those who are not blinded by left-wing dogma should take a good look at where the road of permanent stimulus ultimately leads.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 24, 2014
UAE. Qatar and UAE share equal first place globally, with Saudi Arabia in third position; Overall tax cost and compliance burden lower for businesses around the world.
date:Posted: November 24, 2014
UAE. Low interest rates, evolving investment strategies and a growing appetite for alternative asset classes causing shift in SWF investment strategies; Regional SWFs are viewing the West with caution and have redirected a portion of their funds back into the Middle East.
date:Posted: November 24, 2014
UAE. The gap between low market expectations and actual investment potential in the resources sector has reached very attractive levels; Resource equity returns are now increasingly driven by improved capital allocation and restructuring within companies, making stock selection ever more key.
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.
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