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: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
Posted: April 17, 2014
UAE. The five-year loan has been fully swapped into US dollars by Mitsubishi UFJ Securities; The funds will be used to refinance a portion of TAQA's upcoming US$1.2 billion bond maturity.
Posted: April 17, 2014
UAE. the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, said its 2013 net profit tripled as it benefited from a strong performance by its financial investments.
Posted: April 17, 2014
UAE. Increase in market share for Jaguar Land Rover across GCC, Levant and Morocco; MENA now 5th largest market for Jaguar and Land Rover globally.
Posted: April 17, 2014
SAUDI ARABIA. Waleed Abulkhair was already on bail for holding unauthorised meetings for reformists when he went to a fifth hearing of his trial at a Riyadh court.
Posted: April 17, 2014
UAE. The leading healthy food franchise makes its first international foray, with its first branch located at Dubai Marina.
Posted: April 17, 2014
KUWAIT. The Wafra Field is the main oil field in onshore Partition Zone. The Main Gathering Center is a critical hub for oil production.
Posted: April 17, 2014
INTERNATIONAL. Combined company sets a new benchmark for talent assessment.
Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
Posted: April 16, 2014
UAE. For Athens, the new flights will offerthe choice of two different departure times to and from Abu Dhabi, and for Larnaca, the additional flights will provide more choice and flexibility, as well as better connectivity over Abu Dhabi.
Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
Posted: April 16, 2014
UAE. Dr. Rafael Reif delivered a talk titled on research universities as engines of a modern economy at Masdar Institute in Abu Dhabi.
Posted: April 16, 2014
UAE. MEED's latest forecast is that new contract awards in the GCC will approach US$150 billion in the year ending 2014 compared with about US$135 billion in the previous 12 months.
Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
Posted: April 16, 2014
UAE. January 2014 was another positive month for the hospitality industry in the Middle East, with several GCC cities, including Dubai, Doha, and Muscat, witnessing robust increases in their hospitality KPIs.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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