Featured Articles

August 26, 2014

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,
While there are no readily available national statistics, a number of experts in the field say anti-depressant sales are on the rise.
04:55 GMT
Recent security and economic concerns are pushing more and more Lebanese into depression, according to psychiatrists.
Depending on the legal form of your company, you and your business partners may need to draft and sign a Memorandum of Association (MOA).
04:55 GMT
The UAE is one of the world’s easiest places to do business in, according to the World Bank’s Ease of Doing Business report for 2014.

August 21, 2014

With IT research firm Frost and Sullivan predicting the global cloud market will reach more than $125 billion by the end of the year, the GCC’s cloud computing market is set to grow from $91.7 million last year to $118.5 million by the end of 2014
15:42 GMT
In the UAE, sensitive industry sectors such as the public sector, oil and gas, banking, finance and insurance are all set to drive demand for cloud computing security solutions
Tradition, cultural morays, and family expectations have been the primary constraints on women’s advancement in Egyptian society.
14:46 GMT
Egypt is a society, in which sexism is so ingrained in the economic, social, and political system that 50% of the population has, for the most part, been excluded.
Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

August 20, 2014

“This is the last major opportunity out there in the world that can suddenly become accessible, almost overnight,” he says.
04:55 GMT
“All the five-star hotels are full of Western companies looking to position themselves to do business."
"This is a well-established, well-rooted and very successful, very profitable organisation," Jordanian economist Riad Al Khouri told AFP.
04:55 GMT
Experts and economists believe the bank will emerge unscathed with flying colours, dismissing the case as a political attempt by American Zionist organisations looking to discredit the Palestinian cause.