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Posted: 25-02-2008
INTERNATIONAL. In its latest monthly Global Focus, Standard Chartered predicts there will be no sharp upturn in the current US recession and it will have a global impact. The rest of world may be better insulated, but not decoupled, and as risk aversion mounts, countries with current account deficits will see their currencies under pressure.The big story that is set to continue to unfold over coming months, and indeed years, is how the balance of global economic and financial power is shifting, from West to East. But three issues currently stand out. First, how severe will be th
Posted: April 11, 2014
LEBANON. Ratings agency affirmed 'B-/B' long- and short-term foreign and local currency sovereign ratings; The formation of a new government, which now brings together rival political groups, reduces the risk of a widespread escalation of domestic conflict.
Posted: April 10, 2014
INTERNATIONAL. OPEC foresees gradual increases from Iraq and Iran, while Libya is capable of boosting output by as much as 1 million barrels within a month, Secretary-General Abdalla El-Badri said.
Posted: April 9, 2014
UAE. US investors turn cautious ahead of the Q1 reporting season; GCC equity and bond markets continue to be well-bid; European bond markets tighten on ECB QE expectation.
Posted: April 9, 2014
UAE. The UAE is set to grow 4.4% this year, compared with an estimate of 3.9% in October. With real estate prices rising at a fast pace "the award of World Expo 2020 has further strengthened growth prospects," the fund said in its World Economic Outlook.
Posted: April 8, 2014
UAE. A recent study by The Boston Consulting Group shows that Middle East banking revenues increased by 10.7% in 2013, whilst profits were up by 10.3%; At an aggregate level, provisions for bad loans grew slightly again, by 2.5%.
Posted: April 7, 2014
UAE. Arab Youth Survey results show third consecutive year of top rankings for UAE, with favourably increasing year-on-year; Emirati youth most likely of respondents from 16 nations to state that their country is "heading in the right direction."
Posted: April 7, 2014
INTERNATIONAL. Europe faces its biggest electoral challenge in May and if Brussels listens to voters, it could mark a decisive turning point for the failing EU experiment. But there are fears that the opportunity will slip through its hands.
Posted: April 7, 2014
UAE. More than two-thirds of organizations are investing in the wrong employees; Companies must reinvigorate high-potential programs to build and maintain strong talent pipelines.
Posted: April 7, 2014
UAE. Abu Dhabi ranks in global top 20 of most active cities for shopping centre development, completes 168,000 sq m of retail space in 2013, according to the latest research from CBRE.
Posted: April 7, 2014
QATAR. Implementation of large infrastructure projects and higher population continue to drive double-digit growth in the non-hydrocarbon sector; For 2013 as a whole, real GDP grew 6.5%, according QNB Group.
Posted: April 4, 2014
UAE. Abu Dhabi's large external and fiscal net asset positions give it a considerable buffer to support its economy and mitigate the risks from external vulnerabilities; Abu Dhabi's fiscal policy will remain prudent and flexible, but structural and institutional weaknesses will remain, which could derail growth.
Posted: April 3, 2014
INTERNATIONAL. Assad's army started using longer-range Russian Smerch and Uragan rockets for the first time in February, according to Jane's Defense Weekly and Stratfor.
Posted: April 3, 2014
UAE. Industry leaders speaking at a London Business School thought leadership forum say the UAE retail sector could see an e-commerce explosion within the next few years; Euromonitor and Goldman Sachs estimate that 19% of total apparel retail in the MENA region will be online by 2030.
Posted: April 2, 2014
SAUDI ARABIA. It is no longer the higher cost of risk but the prospect of further compression in net interest margins--as rising rates loom in the U.S.--that's pushing banks to squeeze higher profits from their balance sheet.
Posted: April 2, 2014
INTERNATIONAL. The greatest threat to Qatar's enormous wealth is competition as other nations are challenging its LNG dominance; Qatar faces diminished market share and the possibility of lower prices just as the country embarks on US$200 billion of infrastructure spending.

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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