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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: July 12, 2014
QATAR. Global spending on energy subsidies totaled US$492 billion in 2011. Middle East and North Africa countries alone accounted for nearly half of that amount, making the burden of subsidies on public resources quite substantial.
Posted: July 10, 2014
UAE. "It's been shelved," said one Abu Dhabi-based banking source aware of the matter, adding that reaching an agreement was always going to be tricky given multiple points of contention, such as valuations, the location of the merged entity's headquarters, and the board's composition.
Posted: July 9, 2014
INTERNATIONAL. As a user of the fix (not a fixing member) we remain satisfied that the process is fit for purpose and it is with some disappointment we see the dismantling of an institution not because it is outmoded or anachronistic, but because the right questions have not been asked.
Posted: July 9, 2014
INTERNATIONAL. A permanent imbalance whereby only 20% of the economy - listed companies and banks - receives 100% of the available credit, is suffocating the remaining 80%, which are the SME's.
Posted: July 9, 2014
UAE. Commercial aerospace may be reaching its peak as the "war on costs" continues in defence and new players and technologies enter the industry; Sector driven by continued expansion of Middle East-based carriers which are increasing their scale and scope through massive fleet orders.
Posted: July 8, 2014
UAE. "Out of office" will soon be normal for at least 50% of the workforce, said executives, entrepreneurs and business academics at London Business School's Global Leadership Summit.
Posted: July 7, 2014
UAE. The unveiling of The Mall of the World will form part of a strengthening mall development pipeline. "I see this as Dubai's answer to London's Oxford Street and Paris' Champs Elysee."
Posted: July 7, 2014
QATAR. Qatar real GDP growth accelerated to 6.2% in the year to Q1 2014 with the non-hydrocarbon sector expanding by 11.5% owing to rapid progress with the implementation of major projects.
Posted: July 3, 2014
UAE. Growth driven by population growth, increasing number of expatriates, the rising importance of high-quality education in the society and an acknowledgement by governments for the need for an education system capable of producing industry-ready graduates.
Posted: July 3, 2014
UAE. The U.S. now boasts nearly half of the world's 100 most valuable companies, finds PwC study; Between 2009 and 2014, the total market capitalization of the top 100 ballooned by more than six trillion dollars; Apple remains the most valuable company (US$469 billion).
Posted: July 2, 2014
UAE. Dubai is still clearing up the mess from a near default almost five years ago that sent shockwaves through global markets, and the worst stock-market selloff since 2008 is unlikely to derail the process.
Posted: July 1, 2014
INTERNATIONAL. At a time when reasonable people thought that the fighting had been contained in Iraq and elsewhere in the region, they have discovered that there was no basis for that assumption.
Posted: June 30, 2014
UAE. Approximately 80% of non-oil GDP within the Middle East region is accounted for by family-owned business groups.
Posted: June 30, 2014
UAE. "The GCC states' dependence on the oil and gas sector as a key vulnerability, particularly absent the accumulation of significant financial buffers, should there be a sharp and sustained decline in the oil price or in hydrocarbon export volumes."
Posted: June 29, 2014
UAE. 75% expect an increase in spending over the next 12 months; UAE is top target for investing in capital projects and infrastructure, followed by Qatar and KSA; 54% of owners, and 43% of contractors consider the availability of skilled people as a top challenge.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 25, 2014
UAE. Royal Decree amending some of the provisions of the Oman Agencies Law comes into force; Marks a significant departure from the regime under the old law.
date:Posted: July 24, 2014
UAE. There is evidence of a more litigious approach developing in the area of medical malpractice. Damages awards which have historically been low, are now on an upwards trend.
date:Posted: July 24, 2014
UAE. Report data shows that 64% of TV viewers in Saudi Arabia and 50% in the UAE are engaged in other digital activities simultaneously, higher than the global average.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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