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Posted: May 3, 2015
UAE. According to a new The Boston Consulting Group (BCG) study, the world's ocean is worth US$24 trillion - over 15 times the asset size of The Abu Dhabi Investment Authority (ADIA) and the Saudi Arabian Monetary Agency (SAMA) combined.
BAHRAIN. In a brief statement, the central bank did not elaborate on why it took the action or give any information about Future Bank and Iran Insurance Co.
UAE. Under the deal, New World will sell 50% of its interest in the Grand Hyatt Hong Kong, Renaissance Harbour View and Hyatt Regency Hong Kong hotel.
UAE. Airline category witnesses highest online spend in absolute terms followed by hotels, household appliances, electronic products and travel related items.

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MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 3, 2015
UAE. According to a new The Boston Consulting Group (BCG) study, the world's ocean is worth US$24 trillion - over 15 times the asset size of The Abu Dhabi Investment Authority (ADIA) and the Saudi Arabian Monetary Agency (SAMA) combined.
date:Posted: May 1, 2015
SAUDI ARABIA. Saudi Arabia's government and external balance sheets currently remain strong and provide a buffer to withstand external shocks, including a drop in oil prices; The outlook remains negative, reflecting S&P's view that Saudi Arabia's general government fiscal position is weakening.
date:Posted: April 30, 2015
UAE. HSBC research shows traditional inheritance dying out as more working age people redistribute their savings during their lifetime and leave less for future generations; 92% of working age people provide regular financial support to family or friends.

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