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: September 17, 2014
SAUDI ARABIA. Saudi Arabia's top scholar council, the only body in the country authorized to issue fatwas or Islamic legal opinions, declared that "terrorism is a heinous crime" under Shariah.
Posted: September 17, 2014
UAE. "Building a sound, robust investment environment is crucial for boosting institutional investor confidence in the regional markets."
Posted: September 17, 2014
UAE. "Our target is to look to interoperability in the whole region and to make our railways operate across the whole system. We also need to have the operational structure that will fit together."
Posted: September 17, 2014
QATAR. The 3rd Euromoney Qatar Conference will take place from 24-25 November in Doha.
Posted: September 17, 2014
BAHRAIN. "These properties provide significant diversification across product types and tenants and are located in fast-growing markets with strong demand generators."
Posted: September 17, 2014
UAE. Based in Dubai, Bolourchi reports to Michele Pignotti, head of Euler Hermes Mediterranean Countries, Middle East and Africa region.
Posted: September 17, 2014
INTERNATIONAL. In an unprecedented joint statement, Al-Qaeda in the Arabian Peninsula (AQAP) and Al-Qaeda in the Islamic Maghreb (AQIM) urged their "brothers" in Iraq and Syria to "stop killing each other and unite against the American campaign."
Posted: September 17, 2014
UAE. Overall property market shows resilience, ahead of activity and buyer sentiment in last quarter of 2014.
Posted: September 17, 2014
UAE. "Prospects for economic growth in the Gulf region remain healthy for the next few years. We expect most Gulf banks to continue to benefit from robust corporate activity and consumer consumption over the next 18-24 months."
Posted: September 17, 2014
INTERNATIONAL. Five year programme to encourage a new generation of creative leaders in growth markets; First cohort of Abraaj RCA Innovation Scholars originate from India, Kazakhstan, Mexico, Thailand and Turkey.
Posted: September 17, 2014
UAE. compareit4me.com poll highlights untapped opportunity for UAE banks to attract savers; AED1.4 trillion is the total bank deposits in UAE banks.
Posted: September 17, 2014
UAE. Unparalleled initiative focusing on opening up borders for Arab entrepreneurs to do business.
Posted: September 17, 2014
UAE. Retail construction will increase to meet demand and other GCC countries benefit from retail ripple effect, says new report.
Posted: September 16, 2014
INTERNATIONAL. The upcoming Scottish election, whichever way it goes, demonstrates the enormous power of the desire for national self-determination. If it can corrode the British union, it can corrode anything.
Posted: September 16, 2014
INTERNATIONAL. The United Nations has brokered an Israeli-Palestinian deal on imports of construction materials to Gaza to ensure they will not be diverted by Hamas militants.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 18, 2014
INTERNATIONAL. We have entered a new chapter in the history of central banking. This paradigm shift changes the policy tools that have traditionally defined the sphere of macroeconomic decision-making; We have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.
date:Posted: September 18, 2014
INTERNATIONAL. World Bank report spells out the repercussions of the political uncertainty and restrictions on movement and access and recommends remedial actions by all parties.
date:Posted: September 18, 2014
EGYPT. Qalaa Holdings' Hisham El-Khazindar discusses Egypt's economic prospects at Euromoney Conference.
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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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