February 21, 2014
Fancy name, drastically different setting: Are foreign universities in the Gulf a worthwhile endeavour?
Is the mere opening of a Gulf branch of a prestigious university, with a fancy name and a lofty standing in the sciences, enough to produce a graduate at the same level as a student who has graduated from the parent university?
February 20, 2014
“With indigenous population growth at the current level, Oman needs to create some 50,000 jobs annually to stop unemployment, which is estimated at 15 per cent from rising any further.”
Gulf oil exporting countries will benefit from the economic recovery in the US and Europe while a potential decline in oil demand due to a slowdown in emerging markets will be largely offset by the positive developments in the Western economies and economic diversification in Gulf countries.
February 19, 2014
NBK plays a major role in Kuwait’s economy, and the larger-than-life character of Dabdoub, 74, has helped shape the business environment, speaking out against policy paralysis in the government.
“Iran is not open for business,” Cohen said in Turkey last month. “Businesses interested in engaging in Iran really should hold off. The day may come when Iran is open for business, but the day is not today.”
While wholesale gold traders from Sudan, Egypt, Libya, Morocco and other countries, who used to buy gold from Saudi Arabia, have opted to Dubai, China has overtaken India as the biggest consumer of gold in the world.
February 18, 2014
Profits at Emaar Properties grew by 21 per cent last year to almost $700 million as the Dubai developer cashed in on a real estate recovery and tourism boom
Reorganisation, higher royalties hit earnings but CEO sees bright side in revenue growth, data potential
Egypt will suspend its construction of the proposed dam with Ethiopia until a "mutually agreeable solution is found," according to Cairo's Minister of Irrigation.
Saudi Arabia's mobile data traffic is projected to grow 60 percent in the next four years.
Oman's government this week announced that it is going to replace 100,000 expat workers in its private sectors with Omanis, mirroring what seems to be a Saudization trend in another Gulf country.
It is entirely possible for property prices to plummet by 50% to 70%.
February 17, 2014
"Egyptians don’t need bread. Give them cash," argues the author.
While Lebanon's economy is suffering domestically, particularly in terms of tourism for example, its franchises abroad are booming.
To what extent will Egypt's tourism sector be affected due to Sunday's Sinai bus explosion, not just in the short-term, but the long-term as well?