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 1, 2014
UAE. "Rents are experiencing a slowdown in certain areas. For instance, in Jumeirah Lake Towers, apartment rents fell by 4.6% between June and August."
Posted: October 1, 2014
INTERNATIONAL. The U.S. Comex gold futures fell 5.91% during September and 8.43% in Q3. The monthly loss was the worst since June 2013.
Posted: October 1, 2014
INTERNATIONAL. The Constitutional Court will keep challenging EU attempts at federalization and the Bundesbank will keep criticizing every measure that would reduce German sovereignty.
Posted: October 1, 2014
SAUDI ARABIA. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.
Posted: October 1, 2014
UAE. Founding director of Manchester Business School Middle East Centre, has been recognised by Forbes Middle East for her work in founding and building the MBS Middle East Centre into the largest and fastest growing in the MBS international network.
Posted: October 1, 2014
UAE. The leading finance company has reinforced its commitment to the SME sector in the UAE by establishing a presence in Abu Dhabi's industrial area, Mussaffah.
Posted: October 1, 2014
UAE. In her new role, Leverett will lead international sales with a particular focus on linking the UK with the Middle East, where Cluttons is a leading residential agent.
Posted: October 1, 2014
INTERNATIONAL. The European Union has accused Ireland of giving Apple Inc. state aid by letting the iPhone maker shelter profits worth tens of billions of dollars from tax, in return for maintaining jobs.
Posted: September 30, 2014
IRAQ. The UN estimates land under IS control accounts for as much as 40% of Iraq's annual production of wheat, one of the country's most important food staples alongside barley and rice.
Posted: September 30, 2014
UAE. REIDIN launches Housing Market Professionals Sentiment Index; Quarterly survey is first available indicator of near future residential property price trends.
Posted: September 30, 2014
UAE. The Dubai-based real estate developer is currently considering a number of external offers and is inviting further expressions of interest in merger or acquisition.
Posted: September 30, 2014
QATAR. Speakers from U.S. Federal Reserve, Qatar National Bank and other major institutions to address challenges of the global economy.
Posted: September 30, 2014
UAE. Industry's first dedicated surveillance drive with rescue services optimized for reliable 24x7 video surveillance systems.
Posted: September 30, 2014
IRAQ. Troops struck before dawn against a town on the Syrian border, north of jihadist-controlled second city Mosul, and south of key oil hub Kirkuk, according to senior officers.
Posted: September 30, 2014
KUWAIT. The Kuwaiti Capital Markets Authority said in a statement that the move obliged institutions to freeze all funds belonging to those accused of terror financing.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 2, 2014
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
date:Posted: October 1, 2014
UAE. The UAE took part last week in U.S.-led airstrikes against Islamic State; Gulf Arabs regard Islamist groups as an existential challenge to their thriving economies and monarchies.
date:Posted: October 1, 2014
INTERNATIONAL. The Constitutional Court will keep challenging EU attempts at federalization and the Bundesbank will keep criticizing every measure that would reduce German sovereignty.
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
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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