November 21, 2013
Expatriates in Saudi Arabia have always contributed to the country's economy and with a projected economic boom, KSA needs them to come back.
Top industry leaders are increasingly calling for the Middle East to promote manufacturing as the region's central economic driver, in conjunction with innovation-led strategies, to ensure a positive and prosperous economic outlook in the future.
Though Saudi Arabia and UAE are the current GCC leaders in sukuk issuances, Oman is increasingly considered the most attractive emerging Islamic finance market for sukuk investment.
The balance of economic power is shifting eastwards, said Prince Abdul Aziz bin Salman, assistant minister of petroleum and mineral resources, while addressing a petrochemical conference in Dubai on Wednesday.
"This isn’t a Miss World contest, and we’re not asking for world peace or prosperity. Egyptians are impatient and are wondering when vague rhetoric will translate into solid, targeted actions."
Libya is a vast country of six million inhabitants with access to huge oil and gas deposits making it one of the richest countries in the region. It was supposed to be a hopeful story amid the turmoil that followed the outbreak of the Arab Spring.
November 20, 2013
Prime Minister Recep Tayyip Erdoğan announced on Wednesday that Turkey aims to increase the share of its GDP allocated to R&D projects to 3 percent.
A recent wave of increased protectionism and trade barriers across the world pose a serious challenge to the GCC’s petrochemicals industry, Saudi’s deputy oil minister said on Wednesday.
Go back a couple of decades and the Hong Kong stock exchange was something of a joke in global terms with just a handful of listings. Just look at it today. A similar transformation could occur in the United Arab Emirates in a much shorter period as hundreds of candidates for initial public offerings start to line-up.
Financial Analysts have recently released research that shows how a successful Dubai Expo 2020 bid could lead to another economic bubble in the Emirates.
US Treasury official Daniel Glaser threatened Lebanese bankers to consider their clients at this week's annual Arab Banking Conference, and linked the fate of Lebanon's economy to that of the international community.
Emirates, Etihad and Qatar Airways will not have the pilots necessary to fly the airplanes ordered this week in multi-billion dollar deals unless there are changes in pilot training, aviation industry experts have warned.
November 19, 2013
The next seven years will be decisive as the UAE works towards becoming a key global economic player, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said.
Will web TV disrupt existing broadcast models in the the Middle East?
I wonder why foods such as hamburgers are so popular among Arabs, when Arab dishes have not become famous in the West. The same applies to Kim Kardashian, who has become the most loved celebrity in the Arab world, while Haifa Wehbe is not well known in the West.