October 17, 2011
The regional capital markets raised $218.9 million through the initial public offering (IPO) during the third quarter of 2011.
Unfortunately, the iPhone 4S is still not officially available in the UAE and until then, loyal Apple fans are willing to pay much higher prices for grey market phones and be among the first to have the new mobile device.
In the retail sector, five current developments will deliver an additional 100,000 square metres of good quality retail space into the market over the next 18 months, adding to the 300,000 square metres that is currently available.
With the robust economic fundamentals, Qatar, however, is bullish it can convince more financial heavyweights to set up businesses in the country.
While the global economy already is in tatters, being kept in an oxygen tent as the capitalistic model is under threat all around, crude intensity is changing too and is changing fast and for good.
October 16, 2011
The uprisings that swept the Middle East this year have cost the most seriously affected countries more than $55bn, according to estimates this month by the political risk consultancy Geopolicity.
Islamic finance has been growing at 15-20 percent a year, according to industry estimates, although most activity has been from the traditional markets of the Middle East and Malaysia, following after a brief burst of global interest three years ago.
The ‘Arab Spring’ is something that has surprised everybody with the speed and magnitude that it happened… but they (individuals and businesses) need to make the most of this opportunity.
There are 361 power projects underway in the GCC at a total value of $277 billion, with 70 percent of them in Saudi Arabia and the UAE.
Al-Bashir said the best way to fight the rise in the prices of commodities is to boycott them, although he said that the "ideal" way of handling a problem such as this is to reduce consumption.
Responding to a recent report from the United Nations World Tourism Organisation (UNWTO) which said the Middle East’s slice of global tourism will swell significantly from six percent in 2010 to eight percent by 2030.
October 15, 2011
A statistical analysis of International Monetary Fund (IMF) data by political risk consultancy Geopolicity showed that countries that had seen the bloodiest confrontations - Libya and Syria - were bearing the economic brunt, followed by Egypt, Tunisia, Bahrain and Yemen.
October 13, 2011
Despite that importance of mobile apps, Middle East marketers and managers still undermine the strategic business and technical implications of developing mobile applications which will make them lag behind.
The ministry had taken a decision to decrease the number of live sheep exported to the Gulf - mostly to Saudi Arabia - to ensure the availability of sheep for slaughter for Eid Al Adha, which will take place in early November.
During the current global environment, policy makers seem to be ready with the policy tools in case of a double dip recession, though they are left with little fiscal and monetary space as compared to the beginning of the crisis.