Middle East Insight
A new Middle East currency regime looks inevitable
- The GCC heads of state are widely expected to discuss the future of their currencies when they meet. But since the credit crunch this summer, the momentum for change has become unavoidable. It is not just that the dollar is falling in value while Middle East economies are booming, the whole global dollar regime has failed.
- Middle East: Wednesday, November 28 - 2007 at 11:06 |
Peek inside a Flying Palace
- Saudi billionaire Prince Al-Waleed bin Talal bought himself a flying palace for more than $320m at the Dubai Airshow. What might the double-decker Airbus A380 look like once it takes to the skies?
- Saudi Arabia: Sunday, November 25 - 2007 at 00:26 |
Unemployment Drives GCC Reforms
- Oil revenues are creating unprecedented wealth in the Gulf, but high unemployment rates among an unusually young workers are forcing these countries to implement reforms to their financial and educational systems, according to Kito de Boer, a Director in McKinsey & Company’s Dubai office.
- Middle East: Thursday, November 22 - 2007 at 17:43 |
Airbus makes big splash at Air Show
- Airbus stole the limelight from its rival Boeing at the Dubai Air Show, with announcements of Middle East aircraft sales totaling nearly $50bn. Analysts say the deals were a blow to Boeing, and could help give Airbus the push it needs to finish first in air sales this year.
- Middle East: Thursday, November 15 - 2007 at 09:14 |
Record Dubai Air Show 2007 orders signal aviation boom
- Aircraft manufacturing capacity is now the main barrier to expanding airlines so Emirates and Qatar Airways are booking early, announcing total orders worth a massive $48bn at the Dubai Air Show 2007, an event marred only by a chaotic registration system that kept some visitors standing in the sun for hours.
- Middle East: Tuesday, November 13 - 2007 at 09:57 |
GCC countries tracking new transport models
- Railway projects are getting increasing attention in the gulf region, with courtiers including them in their urban development plans. A significant initiative for this region is a plan to establish a GCC railway linking Kuwait, Saudi Arabia, Bahrain, Qatar, the UAE, and possibly Yemen.
- Middle East: Wednesday, November 07 - 2007 at 14:13 |
Better times ahead for Middle East markets?
- The equity market crashes of 2006 now seem to be receding into the past in the memory of investors. And the $4.2bn DP World initial public offering brings hope of a sustained revival in markets, and not only in the UAE. But is there a global recession looming to upset this party with a nasty drop in the oil price?
- Middle East: Monday, November 05 - 2007 at 21:18 |
Ryada Capital launches Islamic hedge fund
- Ryada Capital is setting up what it claims is one of the first Shariah compliant hedge funds run out of the Middle East, aimed at high net worth individuals in the Middle East.
- Middle East: Thursday, October 25 - 2007 at 13:01 |
Web Feeds