Finance and Economy
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Finance and Economy daily news »
Saudi scores in business confidence over UAE
US-based research and polling firm Zogby International has released a survey of business confidence in the Gulf revealing that senior executives in the UAE are much less confident about their economic prospects than their counterparts in Saudi Arabia, Khaleej Times has reported. The findings were based on interviews with 126 chief executives and other senior managers in the UAE, Saudi Arabia and Qatar — during October 22 and 23. From 47 respondents in the UAE, 15% said their businesses were flourishing while 57% said their businesses were in decline, while among 67 Saudi respondents, 46% said they were prospering, and only 15% said they were in decline.Finance and Economy press releases
Nasdaq Dubai's equity derivatives win FOW Award for 'Innovation in Middle East'
Nasdaq Dubai's equity derivatives market has won the Futures and Options World (FOW) 2009 Award for "Best Innovation by an Exchange in Product Design, Middle East."- » The First Exporters Forum to bolster UAE exports
- » High-level Colombian ministerial delegation visits UAE to boost trade and investment
- » Foreign investors purchase Dhs1.616bn worth of shares on Dubai Financial Market during last week, sold...
- » Ethos Consultancy concludes fieldwork for 5th Annual Service Quality Bank Benchmarking Study
- » New B•U•T website and tag line emphasize focus on business-to-business communication
- » International Finance Corporation lists its first Sukuk on Nasdaq Dubai
- » Dubai Mercantile Exchange wins key industry innovation award
- » RAK Free Trade Zone woos Lebanese market in road show
- » FXDD announces it's participation as Co-sponsor at the 5th ME Forex Trading Expo and Conference
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UAE Cost of Living Report: Salaries fall as crisis takes its toll
Nowhere has the effect of the financial crisis been more evident than in the job market, as a number of companies, particularly in the real estate sector, have been forced to make swingeing cuts in order to deal with the fall out from the global financial crisis. Kershaw Leonard has released its annual Cost of Living report, the sixth installment of the paper. After comparing the UAE market in mid-2008 to the California gold rush of the 1800s, the Dubai-based recruitment and HR consultancy has said that the market in 2009 now resembles 'survival of the fittest'.- » Saudi Arabia: Public debt reduced to SR237bn
- » Hiring outlook improves in Dubai
- » Saudi Arabia tops regional foreign investment
- » Fuelling the recovery: More liquidity or more regulation?
- » Apple can't save Saudi billionaire
- » GCC Business Outlook: Bahrain and Oman
- » GCC business outlook: Kuwait
- » GCC business outlook: Qatar
- » GCC business outlook: United Arab Emirates
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