Gulf Economies To Grow In 2014 Despite Cheaper Oil

Global oil prices are expected to fall moderately in 2014 as new supply comes on line from the United States.

Qatar World Cup 2022 “To Be Held In November”

Thomas Bach has claimed that he has received assurance from Sepp Blatter that the tournament will not clash with the Winter Olympics.

ME Sovereign Funds Increasingly Investing In Property

Around 69 per cent of sovereign funds in the Middle East cited an increase in allocation of their investments to alternative options.

Vodafone Consortium To Launch 1,400km Fibre Network In Gulf

Vodafone, Kuwait’s Zain, UAE’s du and Kuwaiti internet service provider Zajil will create the Middle East-Europe Terrestrial System

Eid Al Adha Expected To Start October 15

State news agency WAM reported on a statement from the Islamic Crescents’ Observation Project.

Private Banking Special: Khaled Sifri, Emirates Investment Bank

Founded in 1976, EIB changed its strategy away from pure asset management to a wealth management platform offering private and investment banking services to a broader client base.

Airbus Exec: Asian, Gulf Banks Fill Void In Plane Finance

Airbus has recently raised its 20-year jet demand forecast, saying the world needed to double its fleet to meet demand.

71% MENA Employers Influenced By Candidates’ Social Networks

A survey has found that 42 per cent of companies always research a new employee on the internet before hiring them.

Egypt Received $7bn Of Promised $12bn In Gulf Aid

Egypt has received $3 billion from the UAE and $2 billion each from Saudi Arabia and Kuwait

Private Banking Special: Ayman Abuhabsa, Mashreq

Strong fundamentals and attractive valuations are driving the Middle East market, says Ayman Abuhabsa, head of Private Banking at Mashreq.

Egypt’s Transitional Government Phase To End By Spring

The Egyptian army ousted Mursi, a Muslim Brotherhood leader, on July 3 after mass protests against his one-year rule.

UAE’s Food Imports From Victoria Up 66%

Major food exports from the Australian state include dairy, meat, fresh fruit and vegetables

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Arab Monetary Fund In $117m Loan To Jordan

Jordan was hit by a financial crisis last year as foreign aid fell and welfare payments soared.

Majid Al Futtaim Waits For Stability In Egypt, Syria

MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.

Nairobi Mall Attack Strikes At Africa’s Boom Image

The more than 60 victims of the mall attack included members of the Kenyan elite and foreign expatriates.

Dubai, China Sonangol Sign MoU To Build Oil Refinery

Dubai-based Noor Investment Group will act as the financial advisor to Dubai’s Supreme Council of Energy on the project

Saudi’s CPC Opens $15m Marble Factory In China

The massive new factory, spread across 66,000 sqm, will import 50 per cent of its produce to Saudi Arabia, UAE and Qatar.

Citigroup Moves To Block New Arbitration By Abu Dhabi Fund

ADIA previously accused Citigroup of fraud in the initial arbitration.

Lufthansa CEO Says Open To Forming Alliance With Gulf Carriers

Europe’s biggest airline by sales has seen some of its market shares gobbled up by ambitious Gulf airlines.

Saudi Arabia Worst On Women’s Legal Issues

A World Bank report found the Middle East and North Africa have made the least progress over the last 50 years in improving women’s economic opportunities.

Spain’s La Liga Opens Dubai Office

The top Spanish league looks to strengthen its ties with the region as it seeks more Middle East sponsors.

Silicon Valley Start Up Uber Eyes Dubai Luxury Market

Uber has said that their services will only complement the local taxis and not compete with them.

BlackBerry Agrees To $4.7bn Buyout

Fairfax, which currently owns 10 per cent of BlackBerry, will pay $9 for each outstanding share.

ME Carriers To Net $1.6bn Profits In 2013

IATA projects that Middle East carriers will post a profit of $2.1 billion in 2014.

Dubai Gold Trade Hurt By New Indian Import Tariffs

The Indian government has hiked the duty on gold bullion imports three times this year to a record 10 per cent

Gulf Bond Market Braces For Deals After Fed Decision

The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.

UAE’s Abraaj Exits Investment In Filipino Hospital

Abraaj’s exit in Daniel O. Mercado Centre was executed through a buy-back arrangement with the Mercado family.

Egypt Set For Total Rewrite Of Mursi Constitution

A 50-member committee has been appointed by the interim government to amend the constitution.

Gold Drops On Fresh Stimulus Fears

Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.

BlackBerry To Cut 4,500 Jobs As Z10 Fizzles

The Canadian phone manufacturer is slashing up to 40 per cent of its global workforce as sales drop.