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November 11, 2014

“It’s Dubai’s ambition that seemingly means they stand out as a premium sports location,” he added.
17:58 GMT
“There are several places like Dubai, but perhaps Dubai has a better location than others, plus the fact that the weather during at least 8 or 9 months of the year is perfect for sports.
Lower oil prices would lead to the reduction of the deficit incurred by Lebanon’s state-owned electricity company, improvement.
01:56 GMT
A decline in oil prices would benefit Lebanon in the short term, but the positive impact of a reduced energy bill would gradually fade.
On average, hydrocarbon revenues constitute 46 per cent of nominal GDP and three-quarters of total exports for the six GCC countries.
01:02 GMT
Therefore, the recent drop in hydrocarbon prices, if sustained, could have a significant impact on the region's economic and financial indicators.

November 10, 2014

Threats around banking will continue to become more severe as more unique cybercrime attacks against financial institutions also emerge.
17:37 GMT
Targeted cyber attacks will become rampant in the Middle East, as hackers from the usual suspects have found success targeting victims around the world
Dubai’s rental market, which was overheating due to a strong recovery in the residential sales market, has now shown signs of a slow down.
04:55 GMT
Around 65 per cent of Dubai residents said that they plan to relocate to a new home upon their next lease renewal owing to large rental hikes.

November 9, 2014

The menace of ISIL has presented Iran with an opportunity to liberate its economy from sanctions by emerging as a responsible regional power.
05:55 GMT
The Persian state is desperate to liberate its economy from Western sanctions that have cut oil revenues in half and restricted business dealings with the outside world.

November 6, 2014

With regard to prices, which have a particular sensitivity for consumers, they are considerably subsidised and cannot continue any longer.
18:48 GMT
It would be possible for GCC countries to review policies on energy conservation, especially with regard to energy and water prices
That would take total oil exports from Saudi in August to 7.686 million bpd, close to its crude export levels last year.
04:55 GMT
"You can't be the king of crude if you're not the number one exporter."

November 5, 2014

France’s five million Muslims (the largest population in Europe) have been hit with food scandals — in 2011, “Halal” sausages were discovered to contain pork.
19:58 GMT
A French start-up is hoping to take a slice of the multi-billion Halal food market with a device allowing diners to find out within minutes whether a dish contains pork.
The property developer is instead focused on completing projects in Dubai, Saudi Arabia and Egypt.
04:55 GMT
Lebanon does not figure on Emaar’s agenda in the short term at least.

November 4, 2014

The report does not take the Arab boycott against Israel into account, and therefore does not assume that investment in Israel is even lower than the report found.
20:11 GMT
The Norwegian report rates sanctity of contract in Israel worse than in Indonesia, Angola, and Mozambique.
The Kurdistan Regional Government is sounding out investors about a potential debt financing, although a number of gray areas need to be clarified before any deal emerges.
17:15 GMT
Kurdistan, a semi-autonomous region of northern Iraq, needs money to meet a growing security bill, to pay public-sector employees and to fund much-needed infrastructure development.
For the time being, SMS looks set to remain the medium of choice for customer communication for a whole host of businesses,
04:55 GMT
While some predict the death of SMS, its reach still makes it a widely used tool.

November 3, 2014

The new rules allow Islamic banks to hold a variety of instruments, ranging from sukuk issued by the Qatari government to those issued by Saudi Arabian firms.
05:55 GMT
The scope of Britain’s Islamic finance market is widening with several initiatives from the government and private sector.

November 2, 2014

 Saudi Arabia slashed November prices last month, sparking talk of an emerging price war.
22:27 GMT
"It's a tricky one this month," said a trader with a Western firm.