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: November 25, 2014
UAE. Ericsson's 2014 Networked Society City Index ranks cities by ICT maturity; Abu Dhabi, Dubai, and Muscat are amongst nine cities that have been added to the 2014 edition.
Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
Posted: November 25, 2014
UAE. EC Harris provided project management including health and safety services and cost management across all 20 screen cinemas for Majid Al Futtaim Cinemas.
Posted: November 25, 2014
UAE. First-of-its-kind campus to be set up within Dubai Investments Park.
Posted: November 25, 2014
UAE. Quick-service favourite commended for convenience, speed, and accessibility
Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
Posted: November 25, 2014
UAE. Shearer brings 25 years of experience in advertising to his new role and will be based in Memac Ogilvy's Dubai, UAE office.
Posted: November 25, 2014
OMAN. The report showed that Oman has improved its "access to sound money" while also recording an increase in the "regulation of business, credit and labor".
Posted: November 25, 2014
UAE. The committee will organise formal and informal events to reinforce interactions and learning between ICAEW's registered chartered accountancy students across the Middle East.
Posted: November 25, 2014
UAE. An increasing number of UAE retailers are pulling all stops to to identify and recruit the next generation of market-savvy leaders, in preparation for Expo 2020.
Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.
Posted: November 25, 2014
UAE. Basel III requirements will act as a catalyst to upgrade capabilities and improve risk-return profile of Middle East banks; The new regulations will force regional banks to take a closer look at their capital allocation and deploy their capital more strategically.
Posted: November 24, 2014
UAE. Qatar and UAE share equal first place globally, with Saudi Arabia in third position; Overall tax cost and compliance burden lower for businesses around the world.
Posted: November 24, 2014
UAE. Low interest rates, evolving investment strategies and a growing appetite for alternative asset classes causing shift in SWF investment strategies; Regional SWFs are viewing the West with caution and have redirected a portion of their funds back into the Middle East.
Posted: November 24, 2014
INTERNATIONAL. "We have had to conclude it is not possible to get to an agreement by the deadline that was set for today and therefore we will extend the JPOA to June 30, 2015."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 26, 2014
UAE. "In the final months of 2014, we expect further increases in occupancy rates, with the pleasant weather attracting more tourists, alongside the seasonal increase in events and conferences."
date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.
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