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: February 8, 2016
UAE. Average villa sales prices down 11%, apartments 8%; Average rental rates dipped 1%; Supply keeping downward pressure on sales and rental rates.
Posted: February 8, 2016
UAE. Middleware meeting the cloud has facilitated the DevOps movement and predictably transformed how developers create applications and IT operations professionals manage them.
Posted: February 8, 2016
UAE. Acquisition leverages significant synergies and strengthens the Gulf Capital Portfolio Company's competitive positioning in the offshore oil and gas manpower services sector.
Posted: February 8, 2016
SAUDI ARABIA. TM2500+ aeroderivative mobile units provide "black-start" capability to deliver approximately 180 MW of fast power in isolated desert areas.
Posted: February 8, 2016
UAE. “The future of making products in the machinery and specialty vehicles industries is changing quickly and the expectations for online services have increased."
Posted: February 8, 2016
UAE. Whilst there may be some concerns that the introduction of VAT may intensify the cost of doing business, the anticipated low rate of 5% should mitigate this.
Posted: February 8, 2016
QATAR. Qatar is set to award more than $22bn worth of new contracts in 2016 as it maintains its spending spree in advance of the FIFA 2022 World Cup
Posted: February 8, 2016
UAE. Morgan will take on the role having successfully led the Cluttons' market leading Middle East operations since 2013.
Posted: February 8, 2016
UAE. FY2015 rental income record 11% growth to US$ 815 million; Visitor arrivals to Emaar Malls assets in 2015 cross 124 million, an increase of 9% over 2014.
Posted: February 8, 2016
UAE. KPMG's inaugural "Variables for Sustained Growth" (VSG) Index tracks some of the most important factors that support economic performance in 181 countries; UAE ranks 24 based on metrics including infrastructure development, education and strength of public institutions.
Posted: February 8, 2016
UAE. On a city wide basis, capital appreciation since 2009 has been a mere 16%, whereas the total returns including rent during the same period have been close to 70%.
Posted: February 7, 2016
UAE. "Opportunities to Inspire" campaign underscores division's growth strategy.
Posted: February 7, 2016
UAE. The markets are looking for help as the US economy joins the pack with weaker than expected growth; Dollar weakness provides relief for Asia.
Posted: February 7, 2016
INTERNATIONAL. At the core of Iranian efforts to become a global sports and airline hub will be its willingness to relax strict gender segregation, dress codes and its ban on alcohol.
Posted: February 7, 2016
UAE. Bain & Company Diamond Industry Report predicts a potential market rebound in 1-2 years, but not before current turmoil forces the mid-market to reevaluate their business models; "The GCC jewelry retail market has performed better than other luxury goods categories in 2015, due to a lower sensitivity to non-GCC tourists."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 8, 2016
UAE. KPMG's inaugural "Variables for Sustained Growth" (VSG) Index tracks some of the most important factors that support economic performance in 181 countries; UAE ranks 24 based on metrics including infrastructure development, education and strength of public institutions.
date:Posted: February 8, 2016
UAE. On a city wide basis, capital appreciation since 2009 has been a mere 16%, whereas the total returns including rent during the same period have been close to 70%.
date:Posted: February 7, 2016
UAE. The markets are looking for help as the US economy joins the pack with weaker than expected growth; Dollar weakness provides relief for Asia.
UAE. KPMG's inaugural "Variables for Sustained Growth" (VSG) Index tracks some of the most important factors that support economic performance in 181 countries; UAE ranks 24 based on metrics including infrastructure development, education and strength of public institutions.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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