Featured Articles

Today

 “For UAE consumers, the personal fulfilment gained from a holiday or the special experience of attending a major sporting event creates the enriching moments.
04:55 GMT
Overall regional spending on luxury experiences and goods is set to grow in the next 12 months

October 1, 2014

“The days when Arab immigrants come for a two- or three-week stay while seeking Canadian passports just to ask their employer to hike their salaries are over.”
21:21 GMT
Gone are the days when you could benefit from Canada and the Gulf at the same time.
It also revealed that Gulf funding for African infrastructure has focused on North Africa, which has received the bulk of aid (about 65 per cent of the total).
20:11 GMT
A study expected that annual contributions are likely to average $5 billion in the coming years, which equates to at least 10 per cent of the total average annual inflows to this sector.
The downturn was mainly due to a 1.8 per cent drop in oil-related GDP as growth in the non-hydrocarbon sector accelerated to 2.8 per cent, the report showed.
04:55 GMT
Plans for subsidy cuts have received little publicity in the Kuwaiti media, perhaps because of their political sensitivity.

September 30, 2014

The challenge is now to accelerate this change, and extend it to broader areas of cultural diversity.
12:51 GMT
Board diversity having increased in almost every country and every sector, progressing from 9.6 percent in 2010 to nearly 12.7 percent at the end of 2013.
Meetings in MENA workplaces often have agendas distributed in advance, according to 80 per cent of respondents, and tend to start on scheduled time (according to 88 per cent).
04:55 GMT
According to 73 per cent, meetings within their company remain focused and on the right track.
The Kingdom of Saudi Arabia (KSA) could be heading for financial turmoil, potentially posting a deficit in 2015.
04:55 GMT
Running a dictatorship is a pricey endeavor. It comes as no surprise then that since 2010, annual spending has risen 52 percent, reaching $265.5 billion in 2013.

September 29, 2014

in late 1998, or 2009, the surge in the US dollar is a huge deflation shock to the Gulf’s pegged currencies and its impact will be a major.
13:16 GMT
This seismic financial macro event has huge implications for the Gulf’s equity, property markets and liquidity engines, now that Brent crude has fallen $20 a barrel in the past three months
Wealth management can be provided by large corporate entities, independent financial advisers or multi-licensed portfolio managers who design services to focus on high-net-worth clients.
04:55 GMT
“With the rise in the number of affluent investors in recent years, there has been an increasing demand for sophisticated financial solutions, including the Gulf,” he added.
Israel's war against Hamas came at the beginning of the peak tourist season, which includes July and August and runs through the Jewish High Holiday season and early winter.
04:55 GMT
The summertime fighting delivered a serious hit to Israel's thriving tourism industry, causing losses of hundreds of millions of dollars and sparking concern that aftershocks may continue well after the war.

September 28, 2014

Covering the panoramic view of Paris, the fashion show will present extraordinary collections from eight countries and mark Jessica’s eighth history making catwalk around the world.
18:46 GMT
Covering the panoramic view of Paris, the fashion show will present extraordinary collections from eight countries and mark Jessica’s eighth history making catwalk around the world.
Oil accounts for 95 percent of state revenue in Libya and 65 percent of the country's Gross Domestic Product (GDP)
17:49 GMT
While the battle for control of Libya's oil ports has been seen as a critical indicator of victory in the civil war, the money received from oil sales currently has one sole destination: the Central Bank of Libya.
 Already, almost 180,000 children between 6 months old and five years are being treated for severe acute malnutrition.
04:55 GMT
When South Sudan was born, the world's youngest country had generous Western allies and sturdy oil exports, a formula that offered a chance to build a modern economy and drag its people out of their daily struggle to feed themselves.
His replacement is the CEO of the Emirates Investment Authority, a sovereign wealth fund, Mubarak Al Mansouri.
04:55 GMT
Could it be that Mr. Al Suwaidi has paid the price for calling a halt to the latest Dubai real estate boom with the raising of mortgage criteria last autumn?

September 25, 2014

According to the Survey, the top priorities of HNWIs and family owned businesses align, making this underutilisation surprising.
23:21 GMT
KPMG has identified one possibly underutilised route for investment with the involvement of high-net-worth individuals (HNWIs), many of whom have family business experience as well as significant investment capital.