Gulf Archive
Gulf
Oil-importing Arab countries need to create seven million jobs through 2018 to cut soaring unemployment levels, but are unlikely to achieve that target with modest GDP growth rates,
Read More
Egypt & MENA
Arab countries in transition will need external financing of USD 50 billion-60 billion annually and cannot continue to rely solely on contributions from rich Gulf states, according to
Read More
Featured UAE
Dubai government's approval of the mandatory insurance law last year is starting to trigger a new wave of growth in the emirate's healthcare sector, according to Shuaa Capital.
Read More
Gulf
Budget breakeven oil prices in most Gulf Arab producers are creeping upwards, as governments continue to push through investment stimulus programs despite flatter production.
Read More
Featured UAE
Dubai Aluminium 's ( DUBAL ) formal merger with its Abu Dhabi counterpart Emirates Aluminium (EMAL) is a reflection of the UAE's rise as a low-cost smelter destination
Read More
Featured Saudi Arabia
Saudis spent USD 4.3 billion on online transactions last year, according to a report by the Arab Advisors Group.
Read More
Gulf
Water availability in the Gulf is expected to decline further as a result of climate change and human-induced quality problems, the United Nations warns in a stark report
Read More
Featured Saudi Arabia
As the Saudi government steps up efforts to provide quality healthcare to its citizens, the move opens up a massive opportunity for the private sector.
Read More
Gulf
The Gulf's petrochemicals sector's revenues came tantalizing close to USD 100 billion, reaching USD 97.3 billion last year, despite strong headwinds, according to IHS CERA, an energy consultancy.
Read More
Featured UAE
The UAE banking sector's outlook has improved considerably over the past few quarters as a spate of new infrastructure and construction projects come on track and strong economic
Read More
Saudi Arabia
Abu Dhabi, Dubai and Riyadh are the Middle East's three richest cities, according to a new survey.
Read More
UAE
Abu Dhabi, Beirut and Dubai will see the fastest growth in the population of ultra high net worth individuals (UHNWI) over the next decade, according to real estate
Read More
Gulf
Gulf markets may look like they are overheating, but they still lag behind global markets over a five-year period.
Read More
Featured Qatar
Qatar's moratorium on natural gas development in its massive North Field is expected to continue for some time, but the country will likely face headwinds when it looks
Read More
Bahrain
Three years after Bahrain erupted in violence, the country's economy remains in fragile condition.
Read More
Gulf
While Gulf markets may have withstood the collapse of other emerging markets, some clouds are brewing on the horizon, and a sustained battering in emerging markets could see
Read More
Gulf
More than 8.5 million children in the Arab world remain out of school, presenting a huge socio-economic challenge for regional authorities.
Read More
Featured Saudi Arabia
Profits of Saudi companies exceeded SAR 100 billion (USD 27 billion) for the first time ever last year, according to National Commercial Bank data.
Read More
Egypt & MENA
The UAE and Saudi Arabia are set to join their Gulf peer Qatar in participating in the shale oil and gas revolution unfolding in North America.
Read More
Featured UAE
If further proof was ever needed that the UAE's confidence was well and truly back, it came with the UAE prime minister Sheikh Mohammed bin Rashid Al Maktoum
Read More
Gulf
Gulf banks have enjoyed strong growth after shaking off the effects of the global financial crisis, but the region is unlikely to return to the heydays of pre-2008
Read More
Gulf
Gulf markets had a stellar year in 2013, and valuations suggest the markets have headroom to go even higher in 2014.
Read More
Gulf
More than 56 healthcare projects with a value of more than USD 33 billion are under way in the Gulf states, according to Zawya Projects data gleaned by
Read More
Egypt & MENA
Saudi Arabia, Egypt and Iraq will be among the world's 30 largest economies by 2028, according to forecasts by a London-based economic consultancy.
Read More
Featured Qatar
As Qatar gears up to award projects worth USD 34 billion this year, the country will need to ensure that it tackles three key risks, according to Standard
Read More
Gulf
Oil and gas exporters such as the UAE, Saudi Arabia, Qatar and Oman are succeeding in reversing the so-called "resource curse", but they still have a long way
Read More
Featured Saudi Arabia
Saudi Arabia may rein in massive public sector spending slightly in 2014, but it will still be enough to keep the non-oil sector humming along and ensure domestic
Read More
Gulf
Gulf banks' operating expenses are rising, leading to a moderation in profit levels, but their long-term outlook is robust.
Read More
Featured Saudi Arabia
Saudi Arabia's labor problems will "cloud" the country's short-term outlook, according to analysts.
Read More
Featured UAE
Natural gas importer UAE is working on a number of projects that could boost the country's natural gas production
Read More
Africa
Guinea's impoverished economy received a major boost in late November when Abu Dhabi's Mubadala Development Company signed a deal with the government to build an alumina refinery, which
Read More
Bahrain
The Bahraini government and the International Monetary Fund seem to be at odds in their assessment of the country's economic progress.
Read More
Featured Saudi Arabia
Saudi Arabia lags behind regional and global counterparts in healthcare infrastructure, which presents growth opportunities for the private sector, according to a new report.
Read More
Featured UAE
The UAE's banking sector's solid performance over the past few quarters has earned the praise of ratings agency.
Read More
Featured Qatar
Qatar Holding 's USD 100 million investment in embattled smartphone maker BlackBerry is a bold bet that is high-risk, but may also turn out to be high-reward.
Read More
Egypt & MENA
United Arab Emirates and Saudi Arabia emerged as the best countries in the Middle East and North Africa region to do business in.
Read More
Gulf
Gulf markets may be surging, but new listings remain a distant dream for regional stock exchanges.
Read More
Featured Saudi Arabia
Regional investors looking for a safe haven as the US Federal Reserve begins tapering, should look no further than Saudi Arabia.
Read More
Featured Saudi Arabia
Saudi Arabia has one of the world's highest concentrations of large companies, according to McKinsey & Company.
Read More
Featured UAE
Dubai's bid for the Expo 2020 will lift GDP growth leading up to the period and beyond, according to Bank of America Merrill Lynch.
Read More
Featured Saudi Arabia
Attention shifted to construction contracts in the real estate sector in the second quarter of this year after the Saudi authorities pushed ahead to meet their ambitious target
Read More
Egypt & MENA
Five Middle East countries have been ranked among the world's most free economies, according to Fraser Institute's annual Economic Freedom of the World Survey.
Read More
Featured Saudi Arabia
Saudi Arabia's petrochemicals companies saw their half-yearly earnings collectively decline 3.5% this year, but analysts are expecting an improvement in profits in the second half.
Read More
Gulf
Major international banks are in retreat. Cutting costs and packing up shop from non-core areas in the Middle East.
Read More
Featured Saudi Arabia
As the global oil and gas industry turns on its head, Saudi Aramco - the world's largest oil-producing company -- is not sitting still, but tapping into its
Read More
Featured UAE
As the Middle East gears up for yet another potential war, Bank of America Merrill Lynch is telling clients to buy Gulf bonds on regional weakness.
Read More
Featured Saudi Arabia
Saudi inflation edged up in July as strong domestic factors pushed prices upwards.
Read More
Featured Saudi Arabia
Saudi Arabia's power needs have taken centre stage in recent years as the kingdom's economy expands and the population rises at a fast clip.
Read More
Featured Saudi Arabia
Under pressure from a resurgent American petrochemicals industry and natural gas shortages at home, major Saudi petrochemicals companies are fighting back with massive expansion plans of their own.
Read More
Featured Saudi Arabia
China's economy is cooling off and that's bad news for Saudi Arabia.
Read More
Central Asia
Fresh from completing its merger with Sorouh Properties, Aldar Properties has made a major international move by kicking-off its Kazakhstan project.
Read More
Featured UAE
Oil breakeven prices in Abu Dhabi are set to fall below USD 100 per barrel, as debt obligations and fiscal pressures on the government start to ease, according
Read More
Featured Qatar
It may appear to be the best job in the world, but it does come with its unique set of challenges.
Read More
Gulf
The Gulf's retail market is set to become a USD 221 billion industry by 2015, growing remarkable at 7.9% each year for the next three years, according to
Read More
Gulf
Oman's prospects for additional revenue are "dim", according to Moody's Ratings Agency.
Read More
Egypt & MENA
Middle East militaries are among the most powerful in the world, according to the latest ranking by Global Fire Power.
Read More
Egypt & MENA
Data and smart phones were supposed to be the great saviors of the regional telecom industry.
Read More
Featured UAE
The Dubai Aluminium -Emirates Aluminium ( Dubal -Emal) merger comes at an opportune time for the aluminum industry...
Read More
Oil
Last month, the International Energy Agency's (IEA) executive director Maria van der Hoeven, had some unsolicited advice for OPEC: When they meet next, think long-term strategy.
Read More
Gulf
In a major move, the International Energy Agency (IEA) has slashed OPEC production growth forecast, citing a number of factors ranging from instability in the region and regulatory
Read More
Oman
Oman's public spending levels are rising at a brisk pace, pushing the country's budget breakeven oil price to USD 103 per barrel...
Read More
Africa
The UAE's recent suggestion that Africa should develop agriculture free zones highlights how food-importing states view the continent's great natural bounties.
Read More
Africa
Abraaj Capital is close to making major investments in the Ivory Coast (or Côte d'Ivoire), as the nation emerges from a decade-long civil conflict and participate in the
Read More
Featured Saudi Arabia
News that Saudi Arabia would allow foreign investors to participate in the Tadawul market would give fresh impetus to the market and bring a number ofinternational money managers
Read More
Featured Saudi Arabia
With the Saudi oil sector expected to generate less revenues this year, the non-oil sector will need to step up and carry the burden of generating growth for
Read More
Featured UAE
In its latest report on new technologies that could dramatically alter the way businesses are run, Citibank identifies three technologies that could transform the global energy markets.
Read More
Featured Saudi Arabia
An oil price collapse to USD 90 per barrel could see a 0.4% drop in Saudi GDP, according to estimates by HSBC.
Read More
Africa
The Gulf region's fingerprints are all over the economic fortunes of a small African country.
Read More
Africa
UAE's Masdar Energy went against the grain by inaugurating a 15-megawatt solar photovoltaic facility in the West African state of Mauritania - the largest project of its kind
Read More
Featured UAE
The greatest growth in container trade will take place between the Far East and the Middle East for the next two decades.
Read More
Featured Qatar
Gulf banks are showing renewed confidence and are hungry for acquisitions, especially as Western banks retreat.
Read More
Featured Saudi Arabia
Despite cuts in its oil output, and the generally nervous economic sentiment globally, the Saudi economy continues to race ahead.
Read More
Featured UAE
A 5.2% correction in the Dubai Financial Market in the month of March took the shine off an otherwise stellar quarter for the emirate and the wider Gulf
Read More
Featured Saudi Arabia
Despite cuts in its oil output, and the generally nervous economic sentiment globally, the Saudi economy continues to race ahead.
Read More
Featured UAE
TweetDays after announcing a new energy minister, Abu Dhabi also launched the world’s largest concentrated solar power plant, in what marks a significant turn in the way the
Read More
Kuwait
While OPEC may not take action at its meeting on December 12, most analysts expect the group to cut production in the new year or face depressed crude
Read More
Featured Saudi Arabia
Saudi Arabia is set to build 2.4 million housing units by 2020, but the Kingdom's real estate investment is short by SR400 billion to meet anticipated housing demand.
Read More
Featured UAE
More than 80% of the Middle East businesses polled in a survey expect steady or aggressive growth in the next five years, according to a global PriceWaterHouseCoopers (PWC)
Read More
Saudi Arabia
China recently replaced the UAE to become the Saudi Arabia's largest exporting market. The Asian giant's share of Saudi exports stood at 15.4%, according to National Commercial Bank
Read More
Egypt
The Middle East tourism industry's progress was cut short by the Arab Spring crisis and it's still reeling from the after shocks that reverberate in countries across the
Read More
Featured Saudi Arabia
OPEC finally acknowledged the very clear and present danger of North American shale oil and gas production.
Read More
Featured Saudi Arabia
Saudi Prince Mohammed Bin Nayef's appointment to the Kingdom's powerful interior ministry job - replacing Prince Ahmad bin Abdel-Aziz Al Saud -- is being seen by many as
Read More
Featured UAE
The UAE is the most prosperous Middle East state and among the 30 most prosperous countries in the world, according to the latest edition of the annual Legatum
Read More
Featured UAE
Dubai's luxury real estate prices recorded the second biggest jump after Jakarta, according to UK-based real estate consultant Knight Frank.
Read More
Macroeconomic Data
Tweet mugley / Foter / CC BY-NC-ND More than USD65-billion worth of projects have been awarded in the Middle East North Africa region, according to Citibank Group research.
Read More
Egypt
Middle East states fared poorly in a new edition of a survey that measures their business friendliness. The
Read More
Kuwait
Kuwaitis have seen a fair number of elections in recent years, but the one being held on December 1 may turn out to be the most significant for
Read More
Featured Islamic Finance
Regional banks had the lowest cost-to-income ratios in the world. The Banker magazine's data shows Middle Eastern banks average cost-to-income ratio was 39.69%, down from 41.37% last year
Read More
Featured UAE
Barclays Capital has cherry-picked Dubai corporate credit as the most promising in the region.
Read More
Oil
Saudi Aramco 's decision to proceed with the 400,000 barrels per day Jazan Refinery is part of a trend of turning the Middle East into a beehive of
Read More
Featured UAE
The UAE Central Bank's decision to extend its deadline for commercial banks' to comply with its regulations for another six months comes as a relief to the financial
Read More
Bahrain
Bahrain is looking at its GCC counterparts enviably as it battles its own domestic issues, while its neighbours rake in petrodollars and bask in relative stability.
Read More
Featured UAE
Zabeel Investments was launched during the hey days of Dubai when the emirate was the darling of the financial world and the emirate was keen to cultivate its
Read More
Featured UAE
For all its fiscal might and financial muscle, the Abu Dhabi economy hasn't picked up spectacularly despite high oil prices.
Read More
Macroeconomic Data
Gulf economies to outpace the rest of the world
Read More
Featured Saudi Arabia
After stellar growth in the past two years, a moderation in oil prices poses stiff challenges for Saudi Arabia in 2013 and beyond.
Read More
Oman
Impressive growth
Read More
Featured Qatar
100 new faces
Read More
Featured UAE
Despite brighter outlook, the pain continues
Read More
Featured Qatar
Go with what you know
Read More