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 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 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.
Posted: October 29, 2014
UAE. Net income rose to 701 million dirhams (US$191 million) from 581 million dirhams a year earlier, the Dubai-based developer said.
Posted: October 29, 2014
UAE. Q3 2014 quarter-on-quarter increases of 2% in Sharjah, 5% in Ras Al Khaimah, 4% in Ajman and 6% in Umm Al Quwain - rental growth rates set to top out as relocation demand from Dubai reduces.
Posted: October 29, 2014
UAE. Event is a tremendous opportunity for Dubai to further develop its role as a financial hub and gateway for China.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
date:Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.
date:Posted: October 28, 2014
INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 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. 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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