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: February 4, 2016
INTERNATIONAL. Russians potentially enter any discussions with a weaker hand. The Saudis and their Gulf Arab allies probably can withstand lower prices longer than the Russians. Russia lacks the financial resources the Saudis and their Gulf Arab allies have at their disposal.
Posted: February 4, 2016
UAE. According to new survey, 36% of respondents highlighted a focus on developing digitally enabled products and services as key, above data mining (32%) and the social media (18%).
Posted: February 4, 2016
QATAR. Masini, who taught at the London Business School before joining HEC in September 2010, and has also taught in Executive Education programs in HEC Paris in Qatar, was appointed to his new post by Peter Todd, Dean of HEC Paris.
Posted: February 4, 2016
LEBANON. The Byblos Bank/AUB Consumer Confidence Index averaged 39.5 in the third quarter, nearly unchanged from the second quarter of 2015, and decreased by 6.7% to an average of 36.9 in the fourth quarter of 2015.
Posted: February 4, 2016
UAE. Deal to further strengthen R&M's position in the fiber optic cabling market.
Posted: February 4, 2016
UAE. 2016 looks like it will be a very tough year for investors; In MENA markets, equities have fallen a long way but remain on valuations that are well above previous distress levels; Our advice is to remain defensively invested and wait for true value to appear in the valuation of risk asset markets before committing.
Posted: February 3, 2016
EGYPT. The lack of incoming new business left firms with little pricing power, as charges were lowered in spite of another sharp rise in total input costs.
Posted: February 3, 2016
UAE. Change allows Egyptian brokers to join Nasdaq Dubai directly from Egypt; Door to open for more Egyptian investors to trade.
Posted: February 3, 2016
UAE. "Dubai's sustainability drive has become a global role model, with district cooling playing a key role," says Empower CEO.
Posted: February 3, 2016
UAE. Reporting to Executive Board Member Stephan Ritter, Graham will be responsible for leading a 2,200 person business, focused on winning and delivering major programs by combining the firm's design and consultancy capabilities
Posted: February 3, 2016
EGYPT. The Egypt Energy Investment Summit will cover central issues including the progress in the renewable energy FIT programme, the 'Build-Own-Operate' projects and the IPP scheme.
Posted: February 3, 2016
UAE. The plan to increase cash-generating assets is paying dividend with combined revenues from retail and residential leasing increasing their overall share in the company revenues.
Posted: February 3, 2016
UAE. The finance sector in the UAE has a data security problem, but it goes beyond external threats from hackers - this is a threat from within. Jacob Chacko from Aruba explains what this threat is and how businesses can combat it.
Posted: February 3, 2016
UAE. Only 55% of MENA respondents think that their FDA spend is sufficient; 69% of MENA executives believe that they need to do more to improve their current anti-fraud procedures, including the use of forensic data analytics tools.
Posted: February 3, 2016
SAUDI ARABIA. Triple delivery of two Boeing 787-9 Dreamliners and a 777-300ER (Extended Range). A third Dreamliner will be delivered to Saudia within the next week. The airline ordered eight 787-9s in 2010.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 6, 2016
INTERNATIONAL. PMI: The high cost of low performance shows need for stronger worldwide implementation of project, program and portfolio management.
date:Posted: February 6, 2016
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
date:Posted: February 5, 2016
INTERNATIONAL. "Saudi regional leadership amounts to exploitation of a window of opportunity rather than reliance on the assets and power needed to sustain it. That window of opportunity exists as long as the obvious regional powers - Iran, Turkey and Egypt - are in various degrees of disrepair."
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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