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August 28, 2014

The economic outlook for Saudi Arabia remains favorable, with GDP growth expectations to stay above 4 percent in 2014 and 2015
09:26 GMT
Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q3, 2014. The BOI survey highlights the weakening of optimism levels of both the hydrocarbon and non-hydrocarbon sectors.
“My Sun: The Source of My Energy”, the campaign was launched late Tuesday
08:26 GMT
Households in Jordan can save up to 90 per cent of their monthly electricity bill by installing photovoltaic systems to produce energy from solar power, according to organisers of a campaign to encourage the usage of such systems at homes.

August 27, 2014

MAF Properties aims to double its business to $12 billion by 2018 (Image: Gulf Business)
07:29 GMT
Majid Al Futtaim Properties' success is continuing to grow with 17 operational malls across the MENA region. CEO George Kostas talks about how he runs the company so successfully.
The King described the future vision entailed in the 10-year economic plan as “the most important strategic initiative for the future of Jordan and Jordanians
06:17 GMT
His Majesty King Abdullah on Tuesday stressed his full support to all the committees entrusted with preparing a future vision of the national economy, coupled with an executive plan, urging them to place the interests of Jordanians at the core of their work.

August 26, 2014

Up to 70 percent of Saudi Arabia's produce is imported, making it ideal for global markets (File/AFP)
11:08 GMT
Food imports have a key role to play in Saudi Arabia's booming agriculture industry. While the Kingdom emerges as a key player for food trade, it is because almost 70 percent of it is imported.
A happy worker is a hard worker: Investing in employees means they'll do a better job (File/AFP)
09:09 GMT
While the UAE's GDP growth rate is above five percent, more job opportunities are emerging. This is why it is vital to keep employees happy.
A 5.6 percent increase in growth this year could be good news for Dubai (File/AFP)
08:38 GMT
Dubai could be headed for some optimism in the future with a 5.6 percent rise in growth if the economy continues to say vibrant and healthy.
In July this year, there were 2.9 million scheduled flights and 395 million scheduled global airline seats
08:29 GMT
That old saying, '€˜There’s no such thing as bad publicity’, probably applies to what the aviation industry has flown through in recent months.
CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.
The Kingdom’s external debt went up by JD1.15 billion during the first six months
07:10 GMT
Jordan’s public debt reached over JD20 billion by the end of June, according to recent official data.

August 25, 2014

Historically the Gulf corporates have enjoyed abundance of bank liquidity and bank funding
10:55 GMT
The context of the Middle Eastern debt market, bank lending has been a dominant component. The debt issuances, to date have been dominated by the banks and the government related entities (GREs).
CEO of Dubai Chamber, Hamad Buamim, said the "future of business is very promising" in Africa (Image: Wikipedia)
08:22 GMT
The Dubai Chamber of Commerce and Industry has joined forces with the Economist Intelligence Unit to check out Sub-Saharan Africa for potential for investment.
Dubai’s top 10 tourism source markets remained for the most part unchanged compared to the previous year
06:48 GMT
Saudi Arabia continued to be Dubai’s primary source market as more than 5.8 million tourists stayed in Dubai hotels during the first half of 2014.

August 24, 2014

“The region between Iraq and Syria has emerged as the ideal black market to sell the oil as the territory is under their control,” he said.
20:52 GMT
The oil being sold by Isil ranges between $25 (Dh91.75) per barrel to $60 per barrel compared to the current market prices, which on Friday traded for about $102 for Brent crude.
But the issue highlights the risks and challenges that suppliers face to meet Apple’s tough specifications, and comes on the heels of a separate screen technology problem,
12:36 GMT
Suppliers to Apple Inc. are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month’s expected launch,