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Dubai Financial Market Q3 loss widens as volumes plunge

Q3 net loss 9.3 mln dirhams vs 3 mln dirhams loss yr-ago; Analysts forecast net loss of 1.5 mln dirhams for Q3; Traded value declines 42.3 pct in Q3

October 27, 2011 2:07
 

Mideast faces funding gap as European banks retreat

Companies in the Middle East and North Africa, which rely heavily on bank financing, will have to curtail growth plans as European lenders retrench, unless they find replacement funding sources quickly, senior bankers said on Wednesday.

October 27, 2011 2:02
 
Baby steps: Can a kids shop find success online?

Baby steps: Can a kids shop find success online?

Inspired by her own experiences of limited resources and right products for kids in the region, Mona Ataya hopes to make it easier for other mums with her latest project.

October 26, 2011 5:11
 
On the road again—Dubai draws back suitcase banking

On the road again—Dubai draws back suitcase banking

The GCC barely has work for one hub, despite hopeful construction of three in the region. And without much activity, Dubai is forced to re-embrace suitcase banking, says Una Galani.

October 17, 2011 1:47
 

McDermott sees high growth in offshore oil projects

Pent up demand following the economic crisis of 2008-2009 provides high growth opportunities for offshore oil and gas construction specialist McDermott International Inc. both in the Middle East and globally, the company's chief executive officer said.

October 15, 2011 4:10
 
The world’s 99: voices fighting to be heard around the world

The world’s 99: voices fighting to be heard around the world

One underlying effect of the financial crisis is that it undermines legitimacy of authority. Rhetoric and tactics against the 1% global elite is shared around the world.

October 11, 2011 2:26
 
$230B in new business jets expected from 2011-2021

$230B in new business jets expected from 2011-2021

Sales of new business jets are soaring, if Honeywell Aerospace figures are anything to go by. No one's surprised most of it is coming from the MEA and Asia.

October 10, 2011 1:56
 
Sizing up opportunity: Arab women propel haute couture

Sizing up opportunity: Arab women propel haute couture

They’re rarely spotted on front rows of fashion shows and favour discretion when placing orders, yet women from the Middle East have become the world's biggest buyers of high fashion.

October 6, 2011 12:15
 
Still looking: Investors still prefer hotel and residential assets

Still looking: Investors still prefer hotel and residential assets

70 percent of investors say they are more than likely to expand their portfolios yet it is lack of stock and genuine political risk that are the main impediments

October 4, 2011 2:50
 
A new kind of tourism after the Arab Spring

A new kind of tourism after the Arab Spring

When the dust of settles, can the Arab Spring attract a new breed of tourist? Faysal Kawas looks at the future of tourism for politically charged landmarks in the region.

October 4, 2011 2:44
 
UAE oil concessions shake-up opens door to East

UAE oil concessions shake-up opens door to East

UAE oil, gas concessions start expiring in 2014; Talks between IOCs and Abu Dhabi underway

October 1, 2011 1:10
 
Business Unusual: the evolving role of start-ups and SMEs in MENASA

Business Unusual: the evolving role of start-ups and SMEs in MENASA

What a difference a couple of years make. Start ups and SMEs will soon rule the business roost across the MENASA region, says Sentinel’s Prajit Arora

September 28, 2011 3:36
 

UAE mobile number portability delayed again

Mobile number portability in the UAE has been further delayed, the chief executive of telecoms operator du told Reuters on Tuesday.

September 27, 2011 4:10
 
MENA M&As survive on mid-size deals and SWFs

MENA M&As survive on mid-size deals and SWFs

Modest recovery is expected in mergers and acquisitions across MENA next year, with most driven by mid-size restructuring. Not a bad start for 2012, but not great either.

September 26, 2011 12:25
 
Saudi allows women right to vote

Saudi allows women right to vote

Saudi Arabia will allow women to stand for election and vote, the king announced on Sunday, in a significant policy shift in the conservative Islamic kingdom.

September 25, 2011 4:07
 
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