The Gulf’s empires are facing an internal challenge: the need to pull together under one brand, writes Anthony Miles, a consultant at Bladonmore.
The Gulf state announced deals with about 20 global companies, including with Lockheed Martin, Raytheon, Airbus and Boeing.
Saudi Arabia, the UAE and Bahrain have accused Qatar of disregarding an accord not to interfere in fellow Arab states’ internal affairs.
Khalid Elgibaly, formerly the chief executive of Standard Chartered in Pakistan, will take on the role.
EFG-Hermes said the one-off charges totalled 761 million pounds, including 616 million in the fourth quarter alone.
Survey finds that 47 per cent of the funds expect to raise their equity allocations to the Middle East over the next three months.
Sisi toppled Mohamed Mursi of the Muslim Brotherhood last July after mass protests against his rule and has emerged as an influential figure.
Nokia launched its new range of Nokia X smartphones, based on Android open source, at the Mobile World Congress in Barcelona.
Saudi, the UAE and Bahrain recalled their ambassadors from Qatar three weeks ago, accusing it of interfering in fellow Arab states’ internal affairs.
The acquisition comes soon after Facebook’s $19 billion deal for messaging service WhatsApp.
HTC’s latest handset boasts a new dual camera lens on the rear of the device.
The firm said last year that it planned to sell a minority stake in its regional operations as a part of a restructuring program to lift its valuation.
Washington’s preliminary nuclear deal with Iran last year caused tensions between the US and Saudi.
The JV, Etihad Rail DB, will manage operations for the first stage of the railway.
The company has given no details of the timing or size of the listing.
The gathering in Kuwait follows an unprecedented row among members of the GCC over Qatari support for Egypt’s Muslim Brotherhood, and a verbal spat between Iraq and Saudi Arabia.
The stake in Romatem is PineBridge’s second investment in Turkey and its third deal in the Middle East.
Some gold investors have turned bearish after comments last week from U.S. Federal Reserve chief that suggested interest rates could rise sooner than many had expected.
The company recently launched an Arabic football app and the Yahoo Fantasy Premier League in Arabic.
Branson was looking for potential Middle East investors for his $1.7 billion cruise ship project, according to media reports.
The declaration by Servcorp’s CEO was followed by the first public announcement confirming 120 day ‘hassle free’ business licenses will be made available in Dubai.
Iran and Syria are the main issues for discussion at the summit, scheduled to take place in Kuwait on March 25-26.
Dubai carrier makes unusual move and decides to drop new route
The U.S. has abandoned efforts to arrange a summit with Gulf Arab leaders due to divisions with the group of its regional allies, officials said.
A shift in policy is now seeing Japan take steps to embrace the Muslim traveller.
Qatar’s Syria policy matters not only because Doha remains a generous backer of the opposition but also because its dispute with other funders.
It took Reliance Retail seven years of losses and over $1 billion in investments to find a formula that works.
Battery issues are still being investigated by the U.S. National Transportation Safety Board.
Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million
The Android Wear project is open to software makers to create apps for the watches.