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: October 31, 2014
SAUDI ARABIA. Net income increased to 265 million riyals (US$71 million) from 220 million riyals a year earlier, the company controlled by Saudi billionaire Prince Alwaleed bin Talal, said.
Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
Posted: October 30, 2014
BAHRAIN. Founded in 1991, PRO Unlimited delivers a full range of services to address procurement, management and compliance issues related to contingent workers.
Posted: October 30, 2014
UAE. The project assigned by Tanmiyat Group includes the design and build of an underground sewage treatment plant for this new Dubai Land development, located along Sheikh Mohammed Bin Zayed Road.
Posted: October 30, 2014
UAE. "Global trade this year will more than double the 2.2% recorded in 2013 but higher operating costs, is leading to an increase in the number of larger vessels, putting pressure on port infrastructure and logistics."
Posted: October 30, 2014
UAE. 777-300ER makes up the majority of airline's fleet.
Posted: October 30, 2014
UAE. For many SMEs, there is a funding gap during their development journey which, if filled, can enable them to achieve tangible success, say experts
Posted: October 30, 2014
UAE. Richard Teng will be responsible for overseeing the development and administration of the regulatory framework to govern ADGM and its member institutions.
Posted: October 30, 2014
UAE. Survey results include policies, purchase habits, business impacts and challenges, comparison to other devices, and how well tablets met their expectations.
Posted: October 30, 2014
INTERNATIONAL. While the Fed retained its guidance that overnight borrowing costs would remain near zero for a "considerable time", the new phrase marks a turn toward a new regime.
Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
Posted: October 29, 2014
INTERNATIONAL. Abdullah al-Badri said output of higher-cost oil supplies such as shale would be curbed if oil remained at around US$85 a barrel, while OPEC enjoys lower costs.
Posted: October 29, 2014
UAE. The investment firm, owned by Abu Dhabi's sovereign wealth fund, is talking with lenders about refinancing stake valued at US$2.2 billion.
Posted: October 29, 2014
UAE. The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms.
Posted: October 29, 2014
UAE. Macy's will open its first namesake location outside the US in 2018, a four-level store slated to anchor a new shopping center in Al Maryah Island.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
date:Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
date:Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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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