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: April 19, 2014
UAE. Dubai developer has awarded contracts worth over AED47 million for design and supervision services on Deira Islands including the Night Market and Board Walk on the project.
Posted: April 19, 2014
UAE. Mortgage providers prepare to take full advantage of investor confidence at Cityscape Abu Dhabi.
Posted: April 19, 2014
UAE. Building and construction project management, design engineering and civil engineering are top skills in demand, reveals DIAC study conducted by Deloitte.
Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
Posted: April 18, 2014
UAE. The CHANEL 2014/15 Cruise collection will be held in Dubai on May 13 2014, in the presence of Karl Lagerfeld.
Posted: April 18, 2014
INTERNATIONAL. Shared technology allows global capacity for 14nm FinFET fabrication in the U.S. and Korea.
Posted: April 18, 2014
UAE. This is Etihad Regional's first year-round route to France from its Swiss base.
Posted: April 18, 2014
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
Posted: April 17, 2014
INTERNATIONAL. "All sides must refrain from any violence, intimidation or provocative actions," said a joint statement released after the four foreign ministers met in Geneva.
Posted: April 17, 2014
INTERNATIONAL. Vladimir Putin said he "hopes" he won't have to use his "right" to send troops to Ukraine as officials from the two countries met with their counterparts from the U.S. and Europe.
Posted: April 17, 2014
LEBANON. S&P revised the outlooks on Bank Audi, BankMed, and Blom Bank to stable from negative and affirmed their long-term ratings at 'B-'.
Posted: April 17, 2014
UAE. X-Stream Trading, developed by NASDAQ OMX, provides a proven, functionally rich, multi-asset trading platform that complies with international standards and policies.
Posted: April 17, 2014
UAE. Uptake of English language and national economic prosperity linked.
Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
Posted: April 17, 2014
UAE. The five-year loan has been fully swapped into US dollars by Mitsubishi UFJ Securities; The funds will be used to refinance a portion of TAQA's upcoming US$1.2 billion bond maturity.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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