Featured Articles

May 21, 2013

Developed markets poured leveraged capital into the UAE
13:30 GMT
The UAE is increasingly becoming a preferred destination for foreign private capital as the country proved a safe haven for investors amid the political turmoil in the Arab world.
"Annual credit growth is likely to be closer to 14-17% y-o-y"
10:11 GMT
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

May 20, 2013

Spending on interiors is expected to increase 28 per cent
13:48 GMT
The UAE is expected to be the biggest spender in the GCC on home interiors and fit-outs, with an estimated $1.5 billion (Dh5.5 billion) budget in 2013 as the country’s residential market continues to grow.
46 percent of Internet users in the UAE shop online
11:45 GMT
The arrival of PayPal promises to create a new landscape for online shopping.
The UAE wants more of its youth to be entrepreneurs.
10:46 GMT
The UAE wants more of its youth to be entrepreneurs.
 Turkey woos Gulf nationals as property investors
05:40 GMT
Priding itself as the gateway between Asia and Europe, Turkey is successfully attracting Gulf nationals to its real estate sector.

May 19, 2013

GCC currencies
13:41 GMT
Gulf hydrocarbon producers emerged as the 13th most powerful economy in the world in 2011 while strong oil prices allowed them to become the fifth largest exporter with the highest trade surplus.
UAE’s international tourism receipts are somewhat close to $10 billion
12:39 GMT
The UAE is the world’s 31st popular tourism destination and the most popular in the Arab World, ahead of Egypt — ranked 32nd and Saudi Arabia ranked 35 — in terms of tourism receipts.
Saudi Arabia aspires to increase mutual trade with other countries
12:34 GMT
Saudi Arabia's nonoil exports to the Arab countries had increased five-fold compared to the past seven years.
UAE trade surplus to hit $ 90.7 billion
06:00 GMT
The UAE economy growth is expected to lower to 3.9 percent in 2012 after a solid 2011, when the GDP expanded 5.2 percent led by high oil prices and a 10.2 percent increase in oil production.
Digital advertising spend in the region is expected to grow
05:00 GMT
While regional advertisers are aware that the industry is going 'mobile’, spend on digital advertising is still low.

May 16, 2013

A sky view of Mecca, Saudi Arabia
14:36 GMT
Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production.
Gas Prices Continue To Rise As Uprisings In Mideast Drive Price Of Crude Oil Up (Getty Images)
12:45 GMT
The Middle East is facing a double dilemma over the global competitiveness for oil in the future.
At least 20 percent of students say that they resort to political connections and 73 percent think that political connections are important to find jobs. (photo: Haitham Moussawi)
12:41 GMT
When Lebanese graduates begin looking for jobs, what does it actually mean to employ personal connections to improve employment chances?
Zaya Dubai will be the developers
11:42 GMT
Dubai-based Skai Holdings plans to build a $1 billion (Dh3.67 billion) hotel with over 200 serviced apartments on Palm Jumeirah.