Economy

Gulf Focusing on Cruise Tourism with Infrastructure Development

Gulf Focusing on Cruise Tourism with Infrastructure Development

- Dubai to attract 450,000 cruise tourists by 2016. – Bahrain restarts US$80 million worth of mixed-use projects at the Muharraq coastal site and King Faisal cornice. – Oman plans a new 100 berth marina project. – Mina Zayed port in Abu Dhabi is currently undergoing major redevelopment. Cruise pavilion […]

 
 

Can Dubai make it?

Can Dubai make it?

Are we missing the trees by looking at the forest? Given all the fanfare, regarding Dubai’s mission to position itself as the Islamic economic centre, there is a pressing need for substantial action plans that focus on key deliverables involving people or talent & knowledge. Joy Abdullah explores —“Can Dubai […]

 
 

How Wild Lebanese Capitalists Nullified UDHR’s “ Right to Housing ”

How Wild Lebanese Capitalists Nullified UDHR’s “ Right to Housing ”

The fall of the Soviet Union in 1991 have demoted communism and socialism to the least importance upon which capitalistic notions flourished all around the world. Since then, the dominant economic trends revolve around the economic theory of deregulation of the markets and noninterference of governments, theorized as the Free […]

 
 

Dubai Canal to Catapult City’s Real Estate and Tourism Landscape

Dubai Canal to Catapult City’s Real Estate and Tourism Landscape

The Dubai Canal project will transform the city through Real Estate and Tourism Innovation The Dubai Canal Project, a 14-million square feet mega development extending the Dubai creek water way into the Arabian Gulf offers a fresh perspective to waterfront leisure activities and is set to become a major tourist […]

 
 

Dubai Expo 2020 to have positive impact on MENA region

Dubai Expo 2020 to have positive impact on MENA region

Dubai’s successful bid to host Expo 2020 may herald a transformation phase not just for the country but also for the MENA region. Deloitte, a well-known UK-based audit, tax, consulting, and financial advisory services company, has analysed the impact of Expo 2020 win on Dubai and its implications for the […]

 
 

Iran’s economy recovering amid sanctions relief

Iran’s economy recovering amid sanctions relief

Iran’s economy to grow between 6% and 8% Iran’s economy will show signs of recovery in 2014 as the West provide conditional sanction relief. Iran’s economy could grow between 6% and 8% in an optimistic scenario, according to a global information company report. IHS, the leading global source of critical […]

 
 

Defence Outlays Decrease Globally, Spike in Middle East: SIPRI Survey

Defence Outlays Decrease Globally, Spike in Middle East: SIPRI Survey

Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly carried out, but are carefully applied strategies that are subject to […]

 
 

Halal Food, Lifestyle Sectors to be worth $2.47 Trillion by 2018

Halal Food, Lifestyle Sectors to be worth $2.47 Trillion by 2018

Growing Muslim population propel a huge demand and potential for the halal food and lifestyle sector in the coming years. Halal food and lifestyle, products manufactured or produced as per the Islamic laws, sectors are expected to grow phenomenally as Muslim population continues to grow and the companies hoping to […]

 
 

Five IPOs in MENA raise US$1.3 bn in Q1 2014: EY

Five IPOs in MENA raise US$1.3 bn in Q1 2014: EY

Although MENA IPO market is off to a slower start in the first quarter compared to the same period last year, experts deem Q1 2014 has been one of the best performing quarters. The largest IPO value was Mesaieed Petrochemical Holding Company in Qatar raising US$905 million Oil and gas […]

 
 

UAE, Saudi Arabia Economies Shining

UAE, Saudi Arabia Economies Shining

Bright economic growth prospects for the UAE and Saudi Arabia, according to the latest Macro report from Crédit Agricole Private Banking   Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia Arab countries in the Middle East are in the mode of two-speed economies again […]

 
 

MENA economic growth “does not automatically” lead to social advancement

MENA economic growth “does not automatically” lead to social advancement

  -Eight MENA countries included in the Social Progress Index ranking for 2014 -Social Progress Index enables better understanding of worldwide progress and growth Economic growth does not always result in social progress, according to a major new global index, the Social Progress Index, published by the nonprofit Social Progress […]

 
 

Middle East Nations Capitalise on Liquidity and Stock Sizes to Attract More Foreign Investors

Middle East Nations Capitalise on Liquidity and Stock Sizes to Attract More Foreign Investors

The economic boost in the Middle East has also extended to the stock market and stock market indices in the region. Most significant in this context are the stock markets in the UAE and Qatar which have gone up substantially since the provisional list of stocks was released by MSCI […]

 
 

The African Economic Safari: Booming Onwards

The African Economic Safari: Booming Onwards

African economy is gearing up for unprecedented boosts thanks to boosts in the form of vital FDI, PEs and SWFs. The National Bureau of Statistics quite recently published the report on the Nigerian economic rebasing endeavour which put the West African country’s GDP ahead of South Africa, making it the […]

 
 

The Yakutian Advantage: Investing in the Far-East Singularity

The Yakutian Advantage: Investing in the Far-East Singularity

8th April 2014 will see the commencement of the Annual Investment Meeting (AIM) in Dubai which will see delegates from all over the world, including the Sakha Republic of Russia, for whom this meeting is an inaugural participation. Otherwise colloquially known as Yakutia, the Sakha Republic is located in far-east […]

 
 

The Bigger Picture: Nigeria pips South Africa to become Africa’s Biggest Economy

The Bigger Picture: Nigeria pips South Africa to become Africa’s Biggest Economy

Nigeria has pipped South Africa as the largest economy in Africa in terms of GDP figures as per the recently published report of the National Bureau of Statistics carried out after the rebasing exercise of the Nigerian economy. As per the released report, the Nigerian GDP for 2013 stands at […]

 
 

Arab Youth ‘Likes’ UAE

Arab Youth ‘Likes’ UAE

-UAE is the most preferred country to live -Most Arab youth sees UAE as their role model country For the third consecutive year, the United Arab Emirates has been named as the country in which most Arab youth would like to live as well as the country they would most […]

 
 

Abu Dhabi Leads Shopping Centre Development in Middle East

Abu Dhabi Leads Shopping Centre Development in Middle East

-Abu Dhabi ranks in global top 20 of most active cities for shopping centre development -Abu Dhabi completes 168,000 sq m of retail space in 2013 -Global shopping centre development rises to 39 million sq m Abu Dhabi has 778,000 sq m of new retail space in its development pipeline, […]

 
 

Dubai leading global hub for bullion trade with $75bn in 2013

Dubai leading global hub for bullion trade with $75bn in 2013

Dubai’s position as leading global bullion centre confirmed with almost 40% share of global gold trade volumes; a trade volume increase of 73% in comparison with 2012. The Dubai Precious Metals Conference 2014 (‘DPMC 2014’), hosted by DMCC was officially opened in the presence of H.E. Maryam Buti Al Suwaidi, […]

 
 

Challenges remain for doing business in GCC

Challenges remain for doing business in GCC

EIU’s report on Business Environment in GCC Countries indicates quite a revelation even as the region continues to display positive economic trends As country after country across the globe found itself plummeting from the pedestal of business and economic security, it looked as if the Middle Eastern countries – most […]

 
 

Middle East and Africa’s M&A deals halved in Q1 2014

Middle East and Africa’s M&A deals halved in Q1 2014

Whilst a majority of corporate sectors have indeed posted increased sales for the first quarter in 2014 in Middle East and Africa (MEA), there are nonetheless a few sectors that have had a dip in their sales activities. One of those few domains whose sales activities that have taken a […]

 
 

Dubai Duty Free sales rise 10% in 2014 Q1

Dubai Duty Free sales rise 10% in 2014 Q1

Dubai Duty Free Records 10% Increase in Sales Activities in Q1 2014 Dubai’s Airport Terminal 3 contributes 62% of the overall sales Sales figures and tabulations for the first quarter of sales activities for 2014 have been released by all leading corporates and companies. Dubai Duty Free has posted its […]

 
 

IATA Report Indicates Stronger Aviation Demand in the Middle East

IATA Report Indicates Stronger Aviation Demand in the Middle East

Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context to the commuter traffic trend for February, in the previous year. […]

 
 

Dubai World Expo 2020: Towards Connecting Minds as One Fraternity

Dubai World Expo 2020: Towards Connecting Minds as One Fraternity

The concept of World Expos predates to the mid-19th century with the inaugural Great Exhibition conducted in London in the year 1851. Since 1928 however, World Expos have been conducted by the Bureau of International Expositions (BIE) head-quartered in Paris, France with bids and tenders invited from all countries. SEE […]

 
 

MICE Events Gain Valuable Increments in Middle-east: ICCA Reports

MICE Events Gain Valuable Increments in Middle-east: ICCA Reports

The highly awaited report of International Congress of and Convention Association (ICCA) about the international market of meetings and its trends across various countries in the world was released concurrent to the eighth year of Gulf Incentive, Business Travel and Meetings (GIBTM) that began on Monday, 24th March, at Abu […]

 
 

UAE leads Middle East e-commerce Trends

UAE leads Middle East e-commerce Trends

Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. The concept’s dynamics have been explored thoroughly over the course of the years and with newer technological stimuli making inroads into the commercial spectrum, the relevance […]

 
 

Middle East and Africa witness increased M&A deals

Middle East and Africa witness increased M&A deals

Africa and Middle East Witness Increased M&A Activity: While Limited Confidence and Currency Fluctuations Influence Global M&A Deal Volumes Deals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturn Middle East and Africa witnessed increased M&A activity, overtaking the traditional global high growth […]

 
 

Stimulus to Dubai Medical Tourism: DHA Unveils New Healthcare Initiative

Stimulus to Dubai Medical Tourism: DHA Unveils New Healthcare Initiative

DHA has come up with an innovative plan to step up Dubai medical tourism sector. Dubai attracts millions of tourists from all over the world who come to see the fusion of modernity and traditionalism that prevails all over the region. But there are various dimensions to the tourism aspect […]

 
 

UAE women reverse gender gap in education, outperform their male counterparts

UAE women reverse gender gap in education, outperform their male counterparts

UAE women making inroads in science, engineering and mathematics says Economist Intelligence Unit • UAE women making inroads in science, technology, engineering and mathematics (STEM) related careers • Increase in women in STEM careers would give GDP a boost estimated at 12% • Emirati perceptions of women studying and working […]

 
 

UAE job market expected to open up considerably in the next 3 months

UAE job market expected to open up considerably in the next 3 months

65% of UAE companies expect to create up to 10 new job openings in next 3 months, according to Bayt.com and YouGov survey Majority of job opportunities in the UAE will be for new entrants into the workforce The UAE job market is expected to open up considerably in the next […]

 
 

Dubai Most Expensive for Rental Property Investment in the Middle East: Latest Survey Reports

Dubai Most Expensive for Rental Property Investment in the Middle East: Latest Survey Reports

Dubai is the most expensive region for expatriates to rent properties with 30% increase in rental property rates What’s the next best thing to do if we aren’t able to afford our ‘dream home’ in an exquisite foreign location? Of course, try and rent our dream palazzos! But even renting […]

 
 

Gold Demand Soars in Asia: WGC Expects Positive Trends to Continue

Extraction and production of the precious yellow metal gold by Turkey has increased by 43% to 24.4 tonnes in 2011 compared from a year ago. Photo - Reuters

Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to its ever-increasing prices. And the ones who do are quite careful […]

 
 

Commerce Activities in Dubai Surge: Brighter Times Await in the Horizon

Commerce Activities in Dubai Surge: Brighter Times Await in the Horizon

Dubai’s economy is bouncing back with latest trade figures revealing that Dubai’s trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest regions in the oil-laden Middle East, the UAE and in […]

 
 

MidEast Trends: Proactive Economic Growth Needed to Sustain Rising Population

MidEast Trends: Proactive Economic Growth Needed to Sustain Rising Population

Rising populations mean Middle East must grow to sustain living standards   With population growth in the Middle East outpacing the rest of the world, local economies must grow just to maintain living standards, according to a new report by ICAEW. In its latest quarterly Economic Insight report, the accountancy […]

 
 

PWC Survey on Economic Crimes brings out Murky Results in the Middle East

PWC Survey on Economic Crimes brings out Murky Results in the Middle East

Price Water Coopers (PWC), the global reputed auditing firm recently conducted an international analysis about the prevalence of economic crimes in business organisations and institutions. But while concept of the analytical survey was straightforward enough, the detailed results of the same where quite complicated, colouring the topic under greyish rather […]

 
 

Dubai Boat Show catapults regional marine industry growth

Dubai Boat Show catapults regional marine industry growth

Dubai International Boat Show growth contributes to robust regional marine industry 22nd edition showcases 430 boats valued at AED 1.8 billion The show’s largest-ever superyacht to be showcased along with 42 global and regional premiers and 750 exhibiting companies and brands Dubai International Boat Show 2014 has experienced robust growth […]

 
 

Surging Property Trends highlight the UAE Real Estate Spectrum

Surging Property Trends highlight the UAE Real Estate Spectrum

Looking at the architectural marvels that dot the landscape of the United Arab Emirates, it doesn’t take long for one to imagine living in one of these marvels. It’s an often repeated thought amongst all who dream of living in a utopia, but only few get to actualise these thoughts […]

 
 

Middle East’s Biggest Food Exhibition Gulfood 2014 Opens

Middle East’s Biggest Food Exhibition Gulfood 2014 Opens

All interesting Tweets, News, Views and Photos from the Middle East’s biggest Food Show

 
 

S&P Reaffirms Kuwait’s ‘AA’ Rating: Oil Reserves ‘Stabilise’ Outlook

S&P Reaffirms Kuwait’s ‘AA’ Rating: Oil Reserves ‘Stabilise’ Outlook

S&P reaffirms Kuwait’s AA rating and has given the country a ‘stable’ lookout thanks to its existing resources of crude oil. Amidst the growing turmoil that some countries are facing with regard to their credit rating in the international market, Standard and Poor (S&P) one of the world’s biggest credit […]

 
 

Indian ‘Vote of Account’: Accounting for Economic Stilling

Indian ‘Vote of Account’: Accounting  for Economic Stilling

The Indian interim budget presented by the finance minister raised a lot of expectations for Indian economy with national elections just round the corner. Fluctuations in the global economy impacted the trend of positivity expected for the Indian economy for the whole of last financial year (2012-13). The past few […]

 
 

Yachting on Luxurious Waters: A Unique Trend

Yachting on Luxurious Waters: A Unique Trend

Middle East Ultra-High Net Worth Individuals corner the market for worldwide superyacht purchases Superyacht Builders Association: nearly half of Middle East’s UHNWIs likely to own a superyacht with ‘propensity to buy’ at 48% Dubai International Boat Show offers lucrative platform for superyacht builders as Middle East is firmly established as […]

 
 
 
 
 

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