May 9, 2013
Despite the strong trust online customers in the Middle East have for brands, many of them fail to optimise their sites on mobile devices and tablets.
Gulf countries should prioritise investing in green energy to sustain their economic and infrastructure growth
Qatar Petroleum plans to list on Qatar Exchange four subsidiary companies worth $50 billion over the next two years, Qatar Exchange Chairman Hussein Ali al Abdullah said, in Doha, on Wednesday.
Abu Dhabi National Energy Company, also known as Taqa, on Wednesday said its first-quarter profit before tax fell 68 per cent to Dh445 million due to lower production in the UK North Sea.
Tamkeen signed an agreement with Bahrain Development Bank (BDB) to add BD10 million to the Enterprise Financing Portfolio
Marriott International plans to aggressively grow its portfolio of 'extended stay’ segment which includes brands like the Marriott Executive Apartments and the Residence Inn, in the Middle East over the coming few years, according to a senior Marriott executive.
Saraya Bandar Jissah will have a major positive impact on the economy of the sultanate, said chief executive Sheikh Hamood Sultan al Hosni on Tuesday, as he hailed the progress in ongoing construction work.
The resort will be operated by Anantara Hotels & Resorts, which is opening a resort on Palm Jumeirah in Dubai in September.
The Coastal Zone and Waterways Management Section at Dubai Municipality has recently started running a website which details the coastal monitoring programme.
UAE trade with GCC countries through Dubai is estimated at Dh95 billion in 2012 up 28 per cent compared to the previous year. Saudi Arabia accounted for 41 per cent of overall trade, Dubai Exports, An Agency of the Department of Economic Development (DED) said yesterday.
The Saudi stock market could possibly take the lead in any moves for integration of regional exchanges, say industry analysts.
May 8, 2013
The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though the market has no need for liquidity from international investors, says its Chairman Mohammed bin Abdulmalik Al-Sheikh.
Lebanon’s cement market is an oligopoly controlled by Holcim, Sibline and Cimenterie Nationale, three producers benefiting from government regulation of imports which has effectively been a ban since import licenses were last granted in 2001.
The US $7.6 billion Climate Investment Funds (CIF) today gave the go-ahead to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan.
Would anybody in their right minds accept a two to three per cent annual return on an investment selling at an all-time high with a potential to lose half its value and perhaps as much as 10-15 per cent in a single day?
The Public Authority for Electricity and Water (PAEW) has identified four potential locations for the establishment of large-scale solar power projects, and land has been allocated at two of these places, according to a senior official.
The UAE is in talks with Virgin Galactic to start commercial space flights in 2013 with Abu Dhabi as a regional hub for the 21st Century spaceport, said Frank Rose, deputy assistant secretary (Space and Defense Affairs) at the US Department of State.
Today, well over two years into the Egyptian revolution, increased numbers of Egyptian youth are still struggling to find jobs. With political instability looming large, the economy receives one blow after another.
Water provision and road development projects worth SR 1 billion are progressing well in the governorates of Al-Kamil and Khulais, according to Makkah Gov. Prince Khaled Al-Faisal.
Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said, a move that would also tackle the issue of erosion of crude exports.
The shortage of qualified nurses working in Lebanon could become even more acute if working conditions are not improved, nurses and public health experts warned on the eve of World Nurses Day.
The High Commission for Riyadh Development (HCRD) has offered investment opportunities in various real estate projects being implemented here.
Finance Minister Ibrahim Al-Assaf has said the Kingdom achieved a growth rate of seven percent due to its sound economic policy and planning carried out with the private sector participation.
Abu Dhabi Islamic Bank (Adib), one of the major lenders in the UAE, said yesterday its fiscal first quarter net profit rose 10.7 per cent on year to Dh340.1 million while its total assets increased 15.9 per cent year-on-year to Dh88.7 billion and net customer financing rose 8.9 per cent to Dh54 billion.
Brandon Short, a former Goldman Sachs investment banking executive for MENA, will join with two former senior executives from Deutsche Bank to form World Business Partners UAE (“WBP”), a small business finance company based in Dubai.
Nasair, a low-cost carrier based in Saudi Arabia, is set to go public as the airline prepares for an initial public offering (IPO), a top official said.
Omani investors lifted trading on the Muscat Securities Market as they net bought 7.7 per cent of the total value and the general index closed flat at 6,191.47.