September 25, 2013
"Some of the highest net spenders this summer have been clubs with Middle East based ownership. Both the financial backing of the ownership, as well as the impressive revenue growth achieved in recent years, have allowed clubs such as Manchester City and Paris Saint-Germain to again compete at the very top of the market to attract leading talent".
“Those who prove their efficiency would survive and those who fail to do so will be removed from their posts.”
“The results have been very satisfying so far this year with the airport achieving traffic growth rate well over the projected figures.
Dubai is not in negotiations with Abu Dhabi to refinance a $20 billion debt that will be due next year, a top government official said on Tuesday.
The US shale boom is raising the prospect of energy independence in the world's biggest oil consumer.
"Investors might be anxious and will think before pumping their money into our local market when they see governmental interference by setting prices of goods," Abu Basha said.
September 24, 2013
UAE is among the faster changing payments ecosystems.
Responding to a question about Jordan receiving $5 billion from international donors in assistance for the refugee crisis, Majali said "promises are one thing and implementing them on the ground is another".
On the Kuwait-Dubai route alone, Jazeera Airways saw a 55 per cent increase in flown passengers from August last year.
Saudi Arabia's GDP registered a record growth in the last five years to reach SR2.66 trillion ($580 billion) in 2012 compared to SR1.95 trillion in 2008, according to a government report.
Watsa said that this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employee
Apple has revealed that its latest iPhone5S hit 9 million unit sales record since its launch on Friday and that demand is exceeding supply.
September 23, 2013
Iraq is exporting black oil to Russia through the Iranian port of Anzali in the Caspian Sea, Gilan Province Port Management Head Farhad Montaser Kuhsari said today.
The volume of consumer loans given by Saudi local banks rose by 22 percent to reach SR321 billion in the second quarter of the current year compared to the same period last year.
The number of tourists to Lebanon dropped by 10 percent in the first eight months of 2013 compared to the same period last year, with European visitors topping the list ahead of Arabs for the first time in years.