July 24, 2014
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)
Saudi Arabia will emerge as the world's seventh largest capital market by by 2030 according to a recent report.
The launch of mega projects and renewed investor confidence have boosted real estate transactions in Dubai to Dh113 billion for the first half of the year
Consumer electronics giant Apple expects revenues to be flat in the fiscal fourth quarter ending September and predicts revenue to be between $37 billion and $40 billion.
July 23, 2014
The UAE is now ranked as one of the top three countries in the world's online banking sector, according to a technology study. Will it be virtual banking for all in the future?
According to a report, oil supply growth will reduce over the next 18 months. This comes with many risks. Why is the Middle East's oil industry experiencing a downfall?
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.
Middle East investment grade companies are facing refinancing needs of about $91 billion from bank and bond debt due to mature over the next four years.
Sales prices in Abu Dhabi’s residential property sector have increased by average of 17 percent in the first half of 2014, according to JLL.
He predicts such reforms could more than double economic growth rates within five years by giving people access to credit and the protections of legal status
July 22, 2014
While calls increase on the government to review Turkey's trade relations with Israel in response to the humanitarian crisis in Gaza.
New projects in the central area of Makkah has led Saudi and Gulf businessmen to renting out housing units in hotels overlooking the Grand Mosque for long-term lease of up to 15 years
In the long run, reducing the subsidies would be good news for the state budget; they cost about $3 billion last year, or a third of state revenue.
July 21, 2014
Traditionally, Islamic products have been designed by financiers from conventional backgrounds, who try to base them on conventional products