Featured Articles

June 17, 2013

Digitalization of our economy is happening
11:37 GMT
A digital strategy is the need of the hour, according to some of the region’s leading digital companies.
Gulf Cooperation Council
11:28 GMT
GCC – India bilateral trade has increased from $145 billion in 2011-12 to $158 billion to 2012 - 2013 reflecting a growth of nine per cent.
Islamic financial assets in Tunisia could reach $17.8-$28.5 billion by 2018
11:28 GMT
Tunisia's fledgling Islamic finance industry could take a 25 to 40 percent share of the country's financial sector in five years' time if necessary rules, consumer education and private investment plans materialise.

June 16, 2013

The weekly jobless claims number fell last week by 12,000.
12:59 GMT
There will be a renewed focus next week on the Federal Open Market Committee (FOMC) meeting next week, and I am sure that every word will be dissected and analysed comprehensively, in the search for a conclusive answer about the tapering and/or ending of the Quantitative Easing programme.
Countries in the GCC have a huge density of wealthy residents
12:41 GMT
It’s not only the average-income consumers who have to grapple with inflation. Those with deeper pockets now have to spend more this year to continue living a life of luxury, a new research has found.
Salaries are likely to post a modest increase of 5 to 6 per cent
12:00 GMT
More opportunities will be available to jobseekers this year as business confidence has returned and the UAE continues to perform better than other regions around the world, recruitment experts have said.
Riyadh witnessed last Tuesday the first business women forum in the field of e-Commerce
11:43 GMT
Saudi e-Commerce in Saudi Arabia is expected to increase in the next two years to SR 50 billion ($ 13 billion), bearing in mind that the Kingdom monopolizes 45 percent of the volume of e-Commerce in the Middle East.
Analysis of exports composition shows that petrochemicals regained dominance as the top nonoil export category
11:38 GMT
Saudi Arabia’s external trade continued to display moderation for the third month in a row in March. The value of exports totaled SR 16.5 billion versus SR 17.5 billion a year ago.
This feedback mechanism due its soaring popularity has certainly housed many pockets
05:00 GMT
SMS YES or NO to 53421, asking for feedback on a poll or a question was the way conventional media started to interact with mobile.

June 13, 2013

Morgan Stanley Capital International UAE
10:35 GMT
Officials and investors hailed the MSCI (Morgan Stanley Capital International) decision to elevate the UAE to emerging market status from frontier market and said it would lead to greater international capital flows into the country’s markets.
What we are seeing at the moment is a brief flirtation with this idea by the Fed
10:31 GMT
It’s curious to hear economists like ex-Goldman Sachs chief Jim O’Neill talking about the bond market having the same feel as in 1994 when the Fed also tightened monetary policy, but it is just not going to happen this time.
DBWC members
06:00 GMT
Dubai Business Women Council (DBWC) members recently participated in the latest edition of the NBAD Fursati session, which was organised under the theme “Though Markets Change, Good Investing is Timeless”.

June 12, 2013

Internal debt is considered much more dangerous than foreign debt
15:19 GMT
The latest indices of domestic public debt hit an alarming EGP 1.387tn (about $200bn) in April, posing a threat to the general treasury and causing an economic slowdown, experts warn.
Political stability and improvements in security will help attract investment back into Egypt
11:47 GMT
Egypt possesses no clear economic vision for the future, says Fayyaz Azz El-Din, chairman of the Canadian Chamber of Commerce in Egypt and the Middle East.
Returns were mixed among the different strategic indices
10:59 GMT
Hedge funds witnessed the seventh consecutive month of positive returns in May amid mixed returns in global markets, according to Eurekahedge.