August 28, 2014
Fleeing war? UAE is the safe haven: Dubai property market is safe and secure according to a top banker
With turmoil continuing in the Middle East, the UAE has been the safe haven for many people in terms of property and flights, according to a senior banker.
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.
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.
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
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.
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
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.
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.
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.
That old saying, 'There’s no such thing as bad publicity’, probably applies to what the aviation industry has flown through in recent months.
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.
Jordan’s public debt reached over JD20 billion by the end of June, according to recent official data.
August 25, 2014
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).
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.
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.