July 23, 2014
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
Although imports from GCC rebounded in May 2014, their pace is still below that of fuel imports, and therefore the GCC keeps losing share.
For years, rather decades, the US has been discouraging the very concept of resource nationalism, insisting instead to let free market forces control the global energy dynamics.
Saudi Arabia is all abuzz with excitement about ‘Smart Cities’ with social and technological factors converging to make the Kingdom ready for wide-spread Smart City developments.
July 20, 2014
Sadly, Kuwait is regarded as the under achiever among Gulf Cooperation Council (GCC) countries by some key business and economy indexes.
China is the largest source of imports into Qatar.
July 18, 2014
The nominal effect of the World Cup cancellation is credit positive, as capital spending would be lower and more efficient, according to the bank.
July 17, 2014
Erratic price moves, difficulties of accessing the market, and deep political risks, alongside strong growth, are common characteristics of frontier markets