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: August 21, 2014
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.
Posted: August 21, 2014
UAE. Developer brings 84 townhouses and waterfront recreational facility to high-end Dubai community
Posted: August 21, 2014
SAUDI ARABIA, The draft rules will go for a wider consultation with banks, market participants, and the public once government ministries have responded.
Posted: August 21, 2014
UAE. Transformation achieved in P2P practices led SEHA to significant savings and helped establish a basis for further enhancement and automation.
Posted: August 21, 2014
UAE. Even though new malicious samples appear every day, users should have an understanding of the techniques and tools currently being used to target users in the Middle East.
Posted: August 21, 2014
UAE. Employers worldwide step up investments in workers' wellness; 78% report strong priority to create a culture of health.
Posted: August 21, 2014
UAE. "The establishment of QIFs aimed at sophisticated, high-net worth investors is a welcome development which reflects the fact that a one size fits all approach to regulation is not appropriate."
Posted: August 21, 2014
UAE. "In theory, patients can be quickly identified and isolated, but under fragile healthcare systems, and failing infrastructure, protection is not that simple. But there are ways to rebuff it."
Posted: August 21, 2014
EGYPT. The Suez Canal is the fastest shipping route between Europe and Asia and brings in around US$5 billion in revenues per year; Bahrain-registered engineering firm Dar al-Handasah Shair and Partners, is part of the consortium.
Posted: August 21, 2014
INTERNATIONAL. The Israeli military had no immediate comment on what would constitute the killing of the most senior Hamas men since it launched its offensive on Gaza six week ago.
Posted: August 21, 2014
INTERNATIONAL. U.S. special operations forces made a failed attempt to rescue journalist James Foley and other Americans held hostage by Islamic extremists in Syria earlier this summer, the White House said in a statement.
Posted: August 21, 2014
INTERNATIONAL. The armed wing of Hamas warned foreign airlines against flying into Tel Aviv, threatening to step up its six-week conflict with Israel and declaring truce talks in Cairo over.
Posted: August 20, 2014
INTERNATIONAL. The armed wing of Hamas, engaged in a six-week war with Israel, said on its website it had fired two rockets at Noa, a gas well owned by Nobel Energy and Delek.
Posted: August 20, 2014
INTERNATIONAL. "It's the largest single aid push we have mounted in more than a decade," UNHCR chief Antonio Guterres said in a statement.
Posted: August 20, 2014
SYRIA. The Syrian Observatory for Human Rights said IS fighters had been attacking Tabqa military airport for around 10 days, but the fighting overnight from Tuesday was the heaviest yet.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 21, 2014
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.
date:Posted: August 21, 2014
UAE. "The establishment of QIFs aimed at sophisticated, high-net worth investors is a welcome development which reflects the fact that a one size fits all approach to regulation is not appropriate."
date:Posted: August 20, 2014
UAE. Rising geopolitical tensions and slowing global growth; GCC markets remain steady in spite of increased global volatility; Commodity prices soft on China bank data.
INTERNATIONAL. U.S. special operations forces made a failed attempt to rescue journalist James Foley and other Americans held hostage by Islamic extremists in Syria earlier this summer, the White House said in a statement.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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