Editorial Column
Real estate correction is the next GCC business challenge
- According to expert analysts at EFG Hermes and Standard Chartered Bank the next challenge facing regional business is a real estate correction. Not everyone accepts this but a growing crowd reckons that a slowdown after such a boom in new projects is inevitable, and that not everybody will come out a winner.
- United Arab Emirates: Sunday, June 10 - 2007 at 08:29 |
Why is Standard Chartered bringing its London staff to Dubai?
- Just over a hundred banking staff from Central London are being asked to move to Dubai. But this is about more than filling up Standard Chartered Bank's smart new building in the Dubai International Financial Centre. It makes sense for the business. And it makes sense for the individuals concerned.
- United Arab Emirates: Saturday, June 02 - 2007 at 08:30 |
No stagnation in the GCC economies but oil revenues have probably peaked
- The Arab media has recently caused some controversy among commentators by suggesting that the GCC economy this year is stagnant. Business is not as lively as last year. But there is good reason for this change which is directly related to falling oil revenues, and marks a slowdown from very high rates of growth.
- United Arab Emirates: Saturday, May 26 - 2007 at 08:31 |
Sheikh Mohammed's $10bn knowledge economy vision, hope for a troubled region
- This week the Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum announced a $10 billion foundation to promote a knowledge society in the region at the World Economic Forum in Jordan. The foundation will be tasked with turning this vision of the future into reality.
- United Arab Emirates: Sunday, May 20 - 2007 at 08:33 |
Competition, capital investment and market forces: towards a new GCC economy
- The expansion and creation of airlines in the Gulf States is a microcosm of overall development in this oil boom. Airlines and tourism is one sector to feel the impetus of strong hydrocarbon cash flows and a business start-up culture. But how will the GCC economy look as market forces come increasingly into play?
- United Arab Emirates: Tuesday, May 15 - 2007 at 10:11 |
Oil price slowdown hangs over the Middle East economy
- Since the oil price peaked last summer business executives in the Middle East have nervously eyed the market for any signs of weakness. So far in the Gulf States business is still expanding, except for anything exposed to the stock markets which crashed last year. But were the stock markets looking ahead?
- United Arab Emirates: Sunday, May 06 - 2007 at 08:22 |
Emirates' profits highlight the Dubai tourism boom
- Last week the Emirates Group posted a 24 per cent increase in annual profits to $942 million, underlining the Dubai Government's success in building up its tourism sector over the past decade. Similarly local hotel occupancy rates of more than 90 per cent point to high profitability for their owners.
- United Arab Emirates: Saturday, April 28 - 2007 at 08:47 |
Sell in May and go away!
- It has been true for 20 out of the past 30 years. Selling US stock investments in May and buying again in November works. So when you see US stock markets hitting a record high in the early days of a housing recession and the US dollar tanking, this should make you doubly confident about bailing out for the summer.
- Saudi Arabia: Monday, April 23 - 2007 at 10:30 |
Web Feeds