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August 11, 2014

If Hogan can turn around Alitalia in the next 36 months, it will rank among his most impressive achievements.
00:06 GMT
Friday served as a new marker for Alitalia as Etihad set out its “roadmap” to return the troubled carrier to profit by 2017.

August 10, 2014

The majority of capacity additions within the GCC between 2007 and 2012 took place in Saudi Arabia, which accounted for 64 percent of the regional capacity additions.
15:00 GMT
The expansion in ethylene production capacity has resulted in Saudi Arabia being the third largest producer worldwide, accounting for 11 percent of global ethylene capacity.
In general, investment in R&D and HT exports are positively related since R&D eventually leads to more technologically intensive production capabilities.
14:25 GMT
The countries of the Gulf Cooperation Council (GCC) are a special case amongst high income economies.
Dubai-based construction firm Arabtec came under intense scrutiny over the last few months as the company’s stock went on a wild roller-coaster ride.
04:55 GMT
While both Arabtec and the wider DFM have recovered since, the episode sparked panic amongst investors and highlighted the lack of transparency and disclosure among local companies.

August 8, 2014

Businessman Faisal al Shawa, vice-president of the Palestinian Trade Center (Paltrade), believes that the most urgent problem is the refugees.
21:08 GMT
Gaza does not need merely an economic plan; it needs basic reconstruction from the beginning.
Foreign direct investment in the GCC (FDI) fell for the fifth consecutive year in 2013.
20:10 GMT
FDI tails off after the completion of major hydrocarbon projects and on the back of Middle East unrest.

August 7, 2014

Boukather said that luxurious cars with a price tag of $100,000 are no longer in big demand these days, as more people prefer to buy smaller vehicles.
14:07 GMT
Many Lebanese have started shifting to low budget cars over the past two years in view of the economic slowdown and rising fuel prices
As per industry estimates, the wedding market in India is about $25 billion (Dh91.83 million), growing at a rate of 25 to 30 per cent annually.
04:55 GMT
Muscat is likely to witness two large-scale Indian weddings featuring 700 and 1,000 guests in November and early next year.
. The good news is with a certain amount of discipline and strategy, escape is always a possibility.
00:01 GMT
First, it’s important to distinguish between good and bad debt.

August 6, 2014

“Samsung and Apple have agreed to drop all litigation between the two companies outside the US,” Samsung said in a statement.
23:21 GMT
When the lawsuits first started flying Samsung and Apple were the undisputed kings of the global smartphone market and their legal wrangles were seen as a fight for supremacy.
In this context, the IMF urged caution in implementing the planned salary scale adjustment for public sector employees.
04:55 GMT
The International Monetary Fund urged the Lebanese government to increase electricity tariffs and freeze the implementation of the salary scale to avoid further rise in the budget deficit.

August 5, 2014

The US has indicated to Russia that the Syria crisis requires a resolution after President Obama announced the closing of Syrian diplomatic activity in the US.
21:34 GMT
These consequences have now materialised and they are likely to present implications for the Middle Eastern economy.
Qatar, a major ally of the Islamist Hamas might contribute generously to a rebuilding effort.
20:44 GMT
In 2009, only a fraction of the nearly $5 billion in funds promised at an international conference after a three-week war.
“Usually, people buy more during the month of Ramadan, especially after the 10th day,” Sadam Abu Mayyelh, a mall store manager, explained.
14:43 GMT
“Eid doesn’t really mean family to me,” said Fatima, a baker who specialises in traditional baked items.

August 4, 2014

During the UAE's last real estate crash, property prices plunged more than 50 per cent from their peaks.
21:20 GMT
Buy and sell at the right time and you could do well, but with such mixed results, anticipating the market is far from easy.