Overall regional spending on luxury experiences and goods is set to grow in the next 12 months
October 1, 2014
From the best of both worlds, to the worst of both worlds: Canadian citizenship no longer a 'piece of cake' for GCC expats
Gone are the days when you could benefit from Canada and the Gulf at the same time.
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.
Plans for subsidy cuts have received little publicity in the Kuwaiti media, perhaps because of their political sensitivity.
September 30, 2014
Even the numbers are on the feminist side: companies with females in top management yield higher returns
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.
According to 73 per cent, meetings within their company remain focused and on the right track.
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
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
“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.
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.
With $100 billion in foreign reserves: is Libya's central bank monopolizing the country's economic potential?
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.
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.
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
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.