November 13, 2013
The Organization of Petroleum Exporting Countries (OPEC) has increased its 2013 forecast for oil demand growth based on " expectations of better-than-expected improvement" within developed country economies
Dubai's Emirates Airline on Tuesday posted a two percent increase in half yearly profits, blaming high fuel costs and an “unfavorable” currency exchange environment for the slow growth.
Qatar Exchange welcomed the decision of the Standard & Poors (S&P) Dow Jones to upgrade Qatar from a “frontier” to “emerging market”, describing it as a positive step that will attract further foreign investments to the Qatari stock market.
Total SA, Europe’s biggest oil refiner, will resume business with Iran if diplomatic talks lead to the removal of sanctions, Chief Executive Officer Christophe de Margerie said at a conference in Abu Dhabi.
The International Monetary Fund remains ready to provide aid to Egypt when Cairo requests it, a senior IMF official said on Tuesday without elaborating on when that might happen.
November 12, 2013
German automobile maker Audi announced this week that 2013 will be the first time that the company sells more than 10,000 car units in the Middle East in one year.
Sotheby’s International Realty Affiliates LLC announced Monday that it signed a 25-year agreement to develop Sotheby's brand throughout Saudi Arabia, Bahrain, and Kuwait opening its first office in Riyadh later this month.
The government of Dubai told reporters Tuesday that it is planning to establish a center that sets standards for corporate governance based on Islamic values.
The International Monetary Fund released a report Tuesday that states that energy exporting states in the Arab world are "not saving enough of their oil windfall" and may collectively face a fiscal deficit by 2016 if current policies do not change.
Africa's leading telecommunications provider, MTN Group, will partner with Etisalat Smarthub to extend its regional network reach according to reports released Tuesday.
Senior officials at the IMF and Iran have met to discuss reforms needed to combat inflation and spike growth in the economy.
The inflow of infrastructure investments into the region due to an increasing population, and upcoming events such as the 2022 FIFA World Cup is creating such opportunities for the GCC LED lighting market.
Air Arabia on Monday declared 14 per cent growth in its nine-month revenues despite continued political instability in regional travel market.
Egypt will finalise a tender for the development of the Suez Canal by the end of the month,
“We do not influence the Egyptian economy in any way,” said Ali. “The Egyptian military does own several factories and companies, but their purpose is developmental rather than for profit.”