Featured Articles

November 30, 2014

Total car production was 1.6 million in 2011, but it had halved two years later.
22:08 GMT
Iran Khodro, which has a 54 percent market share in the Islamic republic, plans to return this year to its 2011 production level -- 600,000 cars.
“The life cycle of a commercial lease is a lot longer than the life cycle of a residential unit,” Chambers added.
21:10 GMT
The property market in the UAE has become a lot more 'organic and demand driven'
The new regulations will force regional banks to take a closer look at their capital allocation and deploy their capital more strategically.
13:15 GMT
Basel III regulations present an opportunity for Middle East banks and regulators to embrace new rules and improve the sector’s asset quality.

November 27, 2014

It is a concern to see corruption and bribery become more widespread than ever in Turkey.
22:40 GMT
The Turkish Industrialists and Businessmen's Association (TÜSİAD) shared the results of a public survey on Wednesday that shows corruption to be on the rise in the country.
Some investors, however, worry that the legal and regulatory framework in Egypt might still be too weak.
22:33 GMT
A lively debate on Egypt’s renewable energy sector set the stage for this year’s ‘Invest in Egypt’ conference, which began in Abu Dhabi on Wednesday.
Meanwhile apartment rents climbed by 29 per cent in the first nine months of 2014.
13:28 GMT
Tenant demand in the residential market was found to be largely fuelled by reverse migration from Dubai and Dubai firms increasingly turning to Sharjah for bulk staff housing
Many countries have also showed willingness to sign contracts with Egypt to assist in solving the energy shortage crisis.
04:55 GMT
Following the ouster of former president Mohamed Morsi, Gulf countries and international financial institutions have pledged assistance to Egypt’s ailing economy.

November 26, 2014

These rights and duties apply, in most cases, irrespective of the length of time that the person spends in that particular country or the extent of his or her political, economic or cultural ties.
19:38 GMT
Dual citizenship involves the simultaneous holding of more than one citizenship, with each inferring certain rights and responsibilities.
if Opec wants to do a quick fix it could agree on a sharp reduction in output until a balance between supply and demand has been re-established.
12:17 GMT
Cutting production by significantly more than the 0.5 to 1 million barrels, which is currently expected, may help trigger a rally in the market.
Dubai real estate market still has a large inventory to fill, oil prices are falling and global interest rate trends are now against real estate. (Shutterstock)
10:56 GMT
The mounting oversupply of property in the emirate is still likely to result in a price correction over the next 12 months or so.

November 25, 2014

 Lower oil prices and Western financial sanctions imposed over the Ukraine crisis will cost Russia around $130-140 billion a year.
21:20 GMT
“We’re losing around $40 billion a year because of geopolitical sanctions."
Many companies today don’t foster environments that actively encourage employees to speak their minds.
02:33 GMT
Regional businesses can no longer progress based on just social connections

November 24, 2014

Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

November 23, 2014

There has been a diversity of opinion expressed in public statements by oil ministers,
13:26 GMT
Oil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27.
The migration of the Lebanese private sector to the UAE, and especially Dubai, is a phenomenon that has grown in the last three years.
04:55 GMT
It seems that this is the economic [golden] age of Dubai