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: July 30, 2014
INTERNATIONAL. Israel killed at least 19 Palestinians sheltering in a school in Gaza's biggest refugee camp, as Egyptian mediators prepared a revised proposal to try to halt the fighting.
Posted: July 30, 2014
SAUDI ARABIA. IMF Executive Board Concludes 2014 Article IV Consultation; Saudi Arabia has supported the global economy through its stabilizing role in the global oil market.
Posted: July 30, 2014
INTERNATIONAL. One aspect of this war is that both sides apparently found it necessary, despite knowing it would have no definitive military outcome. The question therefore is not what the point of all this is but where all this ends.
Posted: July 30, 2014
TUNISIA. The program aims to empower municipalities to make decisions, raise their capacity to deliver services and make them more accountable to their citizens.
Posted: July 30, 2014
INTERNATIONAL. Hamas' armed wing, the Ezzedine al-Qassam Brigades, said that any truce with Israel must include a stop to Israeli "aggression" and lifting of its Gaza blockade.
Posted: July 30, 2014
EGYPT. "We are pleased to help improve the delivery of energy services to the people of Egypt," said Hartwig Schafer, World Bank Country Director.
Posted: July 30, 2014
LEBANON. New concept designed to help cities integrate existing initiatives and better plan for the shocks and stresses they face, in a holistic and effective way.
Posted: July 30, 2014
INTERNATIONAL. S&P opinion "reflects the increasing need for life and health insurance products in those countries as well as some largely underdeveloped personal lines, such as property."
Posted: July 29, 2014
INTERNATIONAL. The damage of the power plant exacerbated the heavy damage to civilian infrastructure in Gaza already inflicted during the 22 days of the Israeli offensive.
Posted: July 29, 2014
INTERNATIONAL. Kurdish officials "misappropriated" more than 1 million barrels of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed in federal court.
Posted: July 29, 2014
EGYPT. EMC EMEA's leadership team shares key innovations and milestones of Egypt's Centre of Excellence; Reiterate commitment to customers and partners to help redefine the future of IT in Egypt, as "Third Platform" applications rise to prominence.
Posted: July 29, 2014
KUWAIT. US$35.1 billioln of new sukuks issued during 2Q14; GCC primary market account for 26.7% market share or US$17.7 billion of the total global new sukuk issuances in 1H14.
Posted: July 29, 2014
INTERNATIONAL. Another sign of deteriorating relations between the United States and Russia; The Cold War treaty, ratified in 1988, was designed to eliminate ground-launched cruise missiles with ranges of 500 to 5,500 km.
Posted: July 28, 2014
SAUDI ARABIA. The outlook on ANB mirrors the positive outlook on the bank's country of domicile, Saudi Arabia, and S&P's view that the bank's capitalization will continue to improve.
Posted: July 28, 2014
UAE. For every dirham spent, four dirhams could be gained on reduced absenteeism and increased productivity.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 30, 2014
SAUDI ARABIA. IMF Executive Board Concludes 2014 Article IV Consultation; Saudi Arabia has supported the global economy through its stabilizing role in the global oil market.
date:Posted: July 30, 2014
INTERNATIONAL. One aspect of this war is that both sides apparently found it necessary, despite knowing it would have no definitive military outcome. The question therefore is not what the point of all this is but where all this ends.
date:Posted: July 30, 2014
INTERNATIONAL. S&P opinion "reflects the increasing need for life and health insurance products in those countries as well as some largely underdeveloped personal lines, such as property."
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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