Economy

What if top developing countries fulfill economic potential ?

Japanese national flag flies in front of cranes at an industrial port in Tokyo. Japan's economy contracted at a slower pace than expected in the second quarter as output and exports recovered from the deadly earthquake in March, but a soaring yen and slowing global growth cloud the outlook for an economy emerging from recession. Photo - Issei Kato/Reuters

BNY Mellon assesses the impact of Japan, America, China and India fulfilling their economic potential simultaneously Optimistic scenario would add over $10 trillion to the four economies’ combined GDP by 2020 In a new white paper, BNY Mellon, a global leader in investment management and investment services, explores what might […]

 
 

Analysis: Saudi Arabia Opening Up its Stock Market

Analysis: Saudi Arabia Opening Up its Stock Market

With region’s one of the biggest economy, Saudi Arabia, all set to open up its Stock Market to foreigners, Frost & Sullivan’s Vinod Cartic provides his expert insights on the implications. The Kingdom of Saudi Arabia (KSA) will open its USD 530 Billion share market to foreign investments in mid-June […]

 
 

Funding Most Challenging For UAE Entrepreneurs

Funding Most Challenging For UAE Entrepreneurs

Financing still a top challenge for UAE SMEs in 2015   – Expatriates-owned startups accounts for 95% of UAE SME sector – Majority of UAE SMEs cites financing as one of the biggest challenges Despite government efforts to support SMEs in the UAE, financing is still a top challenge facing entrepreneurs, a […]

 
 

Middle East M&A deals decline 71.8% in Q1 2015

Middle East M&A deals decline 71.8% in Q1 2015

  The Middle East has had a slow start to 2015, with nine Q1 deals in the region worth US$1.8bn, a 71.8% decrease in deal value on Q4 of last year and the lowest deal count since Q4 2011. The highest valued transaction of the quarter was the US$ 1.5bn […]

 
 

Kuwait discovers four new oilfields

Kuwait discovers four new oilfields

Kuwait has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday. In a statement to Kuwait News Agency (KUNA), Hashem Hashem, the chief executive of Kuwait Oil Co, said exploration activities have […]

 
 

DWTC expansion to bolster business tourism growth

DWTC expansion to bolster business tourism growth

Dubai World Trade Centre (DWTC) unveils 15,500 square metres expansion -DWTC expansion aimed at bolstering business tourism growth -DWTC is the region’s dominant MICE player, and the expansion plans to meet next 5 years growth Dubai World Trade Centre (DWTC), the region’s largest MICE venue operator, has announced plans to […]

 
 

Egypt’s Credit Rating Raised to B3

Pyramids in Egypt

Moody’s upgrades Egypt to a stable outlook Credit ratings agency, Moody’s has upgraded Egypt’s credit rating from Caa1 to B3. Moody’s has awarded a stable outlook to Egypt. Under the leadership of President El-Sisi, Egypt has been seeing signs of recovery.  It is being said that Egypt  is expected to grow by 4.5% […]

 
 

Global Wealth Inequality at Staggering Levels, Oxfam Report Reveals

Global Wealth Inequality at Staggering Levels, Oxfam Report Reveals

Forget 80:20 rule. The new one is 99:1. Latest Oxfam report says that by 2016 the global richest 1% will have more wealth than the 99% of people. Global wealth is increasingly being concentrated in the hands of a small wealthy elite. These wealthy individuals have generated and sustained their […]

 
 

Euro/Swiss Franc currency war triggers flight to safety

Euro/Swiss Franc currency war triggers flight to safety

Euro/Swiss Franc currency war triggers flight to safety and turmoil to last for weeks The currency war that broke out yesterday has “triggered a flight to safety” and the current market volatility “will last for weeks”, affirms the head of foreign exchange at deVere Group, an independent financial advisory organisation. […]

 
 

UAE turns into an economic power throughout 10 years

UAE turns into an economic power throughout 10 years

GDP rose from 314.81 billion dirhams to 1.54 trillion dirhams in the last 10 years A new report by “HotelandRest” stated that the United Arab Emirates, over the past ten years under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has turned into a […]

 
 

World’s First and Only Real Madrid Café to be officially launched in Dubai

World’s First and Only Real Madrid Café to be officially launched in Dubai

Real Madrid Café will be officially launched in Dubai on December 29th, 2014 as the first and only restaurant in the world named after and in collaboration with the popular football club. The momentous event will be made all the more special with a tour-de-force appearance of the Real Madrid […]

 
 

UAE tightens toys safety code

UAE tightens toys safety code

UAE’s Emirates Authority for Standardization & Metrology approves new mandatory standards for toys Primary goal to ensure safety of kids using these products UAE toys market estimated at AED 1.8 billion (USD 490 million) with average spending of a child by AED 1300 (USD 354) per year Emirates Authority for […]

 
 

Sheikh Mohammed launches Dubai Plan 2021

Sheikh Mohammed launches Dubai Plan 2021

Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched the Dubai Plan 2021. Launching Dubai Plan 2021 is the beginning of a new phase of sustainable and systematic developments in all vital sectors in the emirate of […]

 
 

Destination Dubai 2020 outlines critical factors shaping the emirate’s economy in the next six years

Destination Dubai 2020 outlines critical factors shaping the emirate’s economy in the next six years

MEED’s Destination Dubai 2020 outlines critical factors shaping the emirate’s economy in the next six years • Major developments to keep Dubai’s growth rate growing by at least five per cent in the coming years • Tourism sector’s contribution to Dubai’s economy expected to triple to $82bn by 2020 MEED […]

 
 

Falling oil prices bode well for airlines industry profits: IATA

Falling oil prices bode well for airlines industry profits: IATA

The recent slump in international oil prices has rejuvenated many financial sectors in various parts of the world and aviation industry is one of them. The International Air Transport Association (IATA) announced on Wednesday an outlook for improved industry profitability in its Economic Performance of the Air Transport Industry report. […]

 
 

MENA financial institutions in war against cyber crimes

MENA financial institutions in war against cyber crimes

The outgoing Year 2014 presented a major threat of cyber crimes including hacktivism and spread of western cyber issues to the financial institutions operating in the Middle East and North Africa (MENA) region and future challenges keep haunting the bigwigs of the U.A.E. financial sector. The questions in the minds […]

 
 

Etihad Airways added 200,000 jobs in U.S. in a decade

Etihad Airways added 200,000 jobs in U.S. in a decade

James Hogan, President and Chief Executive Officer Etihad Airways, has said that in over a decade, the Etihad Airways contributed more than 200,000 employment opportunities to the United States job market. The Etihad Airways CEO said in a statement issued on Tuesday that a decade of orders by Etihad Airways […]

 
 

Top 10 things to consider before buying a Villa in Dubai

Top 10 things to consider before buying a Villa in Dubai

Top 10 things to consider before buying a Villa in Dubai Dubai is a melting pot of cultures, offering a comfortable living experience of a high quality. Constantly soaring to new heights and offering a plethora of options in all aspects from housing and education, to recreation and dining, Dubai […]

 
 

Visa tops demand among MENA shoppers on Ramadan, Eid

Visa tops demand among MENA shoppers on Ramadan, Eid

MENA shoppers prefer VISA cards A visible surge has been recorded in the demand for Visa debit, credit, and prepaid cards off-late as shoppers across the Middle East and North Africa (MENA) region opted for electronic payment method on the occasions of Ramadan and Eid-ul-Fitr this year. According to a […]

 
 

Middle East SWFs viewing West with caution, shift investment strategies

Middle East SWFs viewing West with caution, shift investment strategies

2015 will prove to be an active year for SWFs (Sovereign Wealth Funds) in the Middle East, says KPMG Report – UAE is home to one of the largest SWFs in the world – Low interest rates, evolving investment strategies and a growing appetite for alternative asset classes causing shift […]

 
 

UAE-based KEF Holdings to invest AED900 million in India

UAE-based KEF Holdings to invest AED900 million in India

KEF Holdings, a UAE-based multinational holding company that specializes in innovative offsite construction technology, has announced the launch of its India operations with investments of more than AED900 million to be made over the next five years. KEF Holdings said the investments will be channeled through its two business verticals, […]

 
 

Dubai-based Beehive launches region’s first P2P online lending platform for SMEs

Dubai-based Beehive launches region’s first P2P online lending platform for SMEs

Beehive to launch first peer-to-peer lending platform for SMEs in UAE Former Group CEO of Emirates NBDRick Pudner is part of the team set to transform lending in the UAE through the use of innovative peer-to-peer technology Dubai-based Beehive officially launched the region’s first peer-to-peer (P2P) online lending platform today, […]

 
 

UAE aims to become one of the Most Innovative Countries in the World

UAE aims to become one of the Most Innovative Countries in the World

The UAE will become one of the most innovative countries in the world through a focus on seven sectors: renewable energy, transport, education, health, technology, water and space. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched a […]

 
 

Commodity prices to soften further through 2015, says World Bank [Infographic]

Commodity prices to soften further through 2015, says World Bank [Infographic]

Declines in commodity prices likely to continue through 2015, says WB report Prices of most commodities, particularly oil, are expected to remain weak for the remainder of this year and through much of 2015, says the World Bank’s recently released Commodity Markets Outlook report. Growing concern over a slowdown in […]

 
 

Global Wealth Rise to a New Record $263tn in 2014

Global Wealth Rise to a New Record $263tn in 2014

Global household wealth increases by 8.3% to USD 263 trillion, driven by wealth growth in the United States and Europe The world’s rich is getting richer, with 0.7% of the rich now owning more than 48% of global wealth – according to the latest Credit Suisse Global Wealth Report. The […]

 
 

Emirates NBD lists $500 million bond on NASDAQ Dubai

Emirates NBD lists $500 million bond on NASDAQ Dubai

Prominent banking group is now largest issuer on the exchange by total value of conventional bonds, at 2.25 billion dollars Bond underlines the exchange’s growth as centre of fixed income activity His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, today rang the market-opening bell to celebrate […]

 
 

Fujairah to Emerge as Newest Global Energy Hub, says UAE Minister

Fujairah to Emerge as Newest Global Energy Hub, says UAE Minister

Fujairah, one of the seven Emirate of the UAE is to emerge as a leading Energy Hub. Fujairah, which has built the largest oil export terminal on the Indian Ocean and has plans for one of the largest LNG regasification plants, is positioned to emerge as a leading global energy […]

 
 

Dubai Launches New Destination Island ‘La Mer’ at Cityscape Global 2014

Dubai Launches New Destination Island ‘La Mer’ at Cityscape Global 2014

Dubai-based real estate development company, Meraas Holding, today launched ‘La Mer’, a mixed-use development that will take shape in Dubai’s exclusive beachfront district Jumeirah in the vicinity of Pearl Jumeirah Island. Construction of “La Mer” is set to commence in Q4 2014. Conceptualized to integrate a minimalist and contemporary design, […]

 
 

MENA Visa Cardholders spend nearly $4 Billion during Ramadan and Eid

MENA Visa Cardholders spend nearly $4 Billion during Ramadan and Eid

Cardholders across Middle East and North Africa spent nearly US$4 billion on their Visa debit, prepaid and credit cards during the Holy month of Ramadan and Eid – says VISA in their latest report. Supermarkets, Financial institutions, Jewellery, Clothing Stores and Government Services emerge as top 5 categories for Visa […]

 
 

UAE retail sector surges with 33 percent growth forecast for 2015

UAE retail sector surges with 33 percent growth forecast for 2015

Retail construction will increase to meet demand and other GCC countries benefit from retail ripple effect, says new report The United Arab Emirates retail sector is expected to grow over 33 percent by 2015, according to a September 2014 report by Ventures Middle East released in conjunction with The Big […]

 
 

Government IT Spending Fuels Saudi Arabia’s Innovation Economy

Government IT Spending Fuels Saudi Arabia’s Innovation Economy

Massive Government ICT investments transforming Saudi Arabia’s innovation economy, enhancing development, business growth and productivity. Saudi IT Market Set to Top USD 14 Billion by 2017with Government Sector Fastest-Growing Industry Vertical: IDC More than 500 of Kingdom’s Organisations Set to Attend GITEX Technology Week 2014 Government ICT investment is transforming Kingdom […]

 
 

UAE Expats prefer saving money outside the country

UAE Expats prefer saving money outside the country

Poll highlights untapped opportunity for UAE banks to attract savers AED1.4 trillion (USD 381 billion) is the total bank deposits in UAE banks. Almost half of UAE residents surveyed by compareit4me.com, a UAE-based finance comparison website, said they choose to save their money in bank accounts outside their country of residence. […]

 
 

First All-Female Business Process Services Center Opened in Saudi Arabia

First All-Female Business Process Services Center Opened in Saudi Arabia

Saudi Aramco, GE and TCS inaugurate Saudi Arabia’s first all-female business process services center   Center will create 3,000 local jobs for Saudi women with the first batch of recruits commencing work 3,200 square meter center in Riyadh provides new business model, offering improved operational efficiency for customers. Saudi Aramco […]

 
 

GCC Still Reliant on Oil Revenues despite Efforts to Diversify

GCC Still Reliant on Oil Revenues despite Efforts to Diversify

Hydrocarbon revenues in KSA and Kuwait make up to 90% plus of total Revenues Leading GCC economies remain susceptible to fluctuations in global energy prices Alkhabeer Capital, an asset management and investment firm based in Saudi Arabia, has published its latest report on GCC budget analysis and government spending behaviors […]

 
 

Dubai Parks & Resorts to open in 2016

Dubai Parks & Resorts to open in 2016

Dubai-based development company Meraas Holding today unveiled the blueprint for Dubai Parks & Resorts project that is set to take shape in Jebel Ali. Phase 1 to Feature Three Theme Parks – Motiongate Dubai, Bollywood Parks Dubai, and LEGOLAND Dubai, Themed Family Hotel, Retail and Dining District Slated to Open in […]

 
 

Massive growth potential for Sukuk market in Gulf region: report

Massive growth potential for Sukuk market in Gulf region: report

Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber report The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation Council (GCC) region; particularly in Dubai where Sukuks are expected […]

 
 

The Expat Debt Trap

The Expat Debt Trap

Debt accumulating amongst expats in the UAE seems to be, yet again on the increase. Moving to a new location can be an expensive process and it can be all too easy to start spending beyond your means. All too often expats live like they are on a constant holiday. […]

 
 

MidEast investors to spend $180 billion in Global Real Estate markets

MidEast investors to spend $180 billion in Global Real Estate markets

Middle East Investors to Spend US$180 Billion in Global Real Estate Markets Over Next Decade: CBRE – Sovereign Wealth Funds Poised for Major Impact on Global Property Markets – Europe Clear Favorite with 80% of Expected Allocation – $85bn to Flow into UK; Italy Germany, France, Spain also Key Targets […]

 
 

World Cup boost Dubai’s Food Retail Sector

World Cup boost Dubai’s Food Retail Sector

Findings Confirm Positive Impact of Soccer World Cup on Dubai’s Food Retail Sector Soccer World Cup has kick started in Brazil and the next one month will keep billions of fan across the globe shuttle to and fro between high waves of enthrallments and disappointments.  Nevertheless, this mega event of […]

 
 

Middle East to Drive Global Energy Security for the Next 30 Years

Middle East to Drive Global Energy Security for the Next 30 Years

As Global Energy Consumption is Set to Rise 41 Percent by 2035, ADIPEC 2014’s Theme is “Challenges and Opportunities for the Next 30 Years” The 17th edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2014) will kick off from 10 to 13 of November. RELATED: UAE-World’s Renewable Energy […]

 
 
 
 
 

Address

Arabian Gazette – Netilligence Business Systems LLC
PO Box 122392, Bur Dubai
Dubai, United Arab Emirates

Tel: 00971-4-3966592
Fax: 00971-4-3966593
Mobile: 0091-50-4568483

About us

Arabian Gazette is your window to the Middle East and North Africa region that provides you with insightful news, features and analysis about matters related to business, economy, finance, society, technology and environment.

[email protected]
http://facebook.com/arabiangazette [why not 'Like' us!]
@arabiangazette