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The ultimate Middle East business resource



Last Build Date: Sat, 01 Oct 2016 14:45:43 +0000

 



Leaders 2.0: Shaping GCC’s future

Sat, 01 Oct 2016 04:00:45 +0000

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Instability has ravaged many countries in the Middle East and North Africa over the past few years and the GCC is becoming prominently rising as the one of the few safe havens in the region. In the Gulf, some countries are in fact rising against the tide to progress, develop and further excel, thus increasing […]



Revealed: Biggest bank in GCC

Thu, 29 Sep 2016 13:37:07 +0000

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It’s quiz time. Which is the biggest bank in the GCC region?   Many banks in the region introduce themselves as the biggest lender in terms of assets, loans, deposits, financial strength and what not in their releases to external stakeholders and media. But to find out the truth, one needs to go by the […]



Abu Dhabi airport passenger traffic up by 2.3 per cent in August

Thu, 29 Sep 2016 13:34:51 +0000

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Abu Dhabi International Airport (AUH) saw a 2.3 per cent increase in passenger traffic in August compared with the same month last year, reveal the latest figures from operator Abu Dhabi Airports Company (ADAC).   The airport welcomed 2.3 million passengers during the month, which saw a 12.3 per cent increase in traffic to and […]



Crude surge echoes in UAE fuel prices

Thu, 29 Sep 2016 13:27:46 +0000

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A surge in crude oil following a deal struck after a meeting of Organisation of Petroleum Exporting Countries (Opec) has echoed in the domestic fuel prices in UAE.   Prices of petrol and diesel for October have gone up across refilling stations in the country as Brent Crude rose above $48 a barrel following the […]



Saudi remains weak despite oil rally, rest of Gulf firm

Thu, 29 Sep 2016 13:08:23 +0000

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An overnight rally in oil prices after an OPEC production deal helped lift most Gulf stock markets in early trade on Thursday but Saudi Arabia’s bourse contined to drop. Saudi petrochemical shares, which make up roughly one-quarter of the market’s capitalisation, jumped after Brent oil surged over $48 a barrel. The largest producer, Saudi Basic […]



Samer Halawi: Combating ‘innovation shortage’

Thu, 29 Sep 2016 11:53:40 +0000

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Samer Halawi was appointed as the chief executive officer of mobile satellite communications company Thuraya in January 2011. He has been credited for transforming the company from a failing one into a success story. However, the journey is not over, as the industry still faces many challenges. Halawi, a member of YPO, shares with AMEinfo […]



Korloff: A diamantaire story

Thu, 29 Sep 2016 11:42:21 +0000

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From St. Petersperg to the world. The Korloff brand story starts, and continues, with black diamond and a founder’s journey. Daniel Paillasseur, the founding father of Korloff, was first dumbstruck when he saw a the world’s largest black diamond, what was yet to be called “Korloff Noir”. The 421-carat diamond rock belonged at the time […]



Saudi PetroRabigh says construction delay to raise project cost

Thu, 29 Sep 2016 07:59:02 +0000

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Saudi Arabian petrochemical company PetroRabigh said on Thursday it would again delay completion of an expansion project, raising the cost of the project to 34 billion riyals ($9.1 billion). Completion will be postponed by at least six months to the second quarter of next year because of “construction market challenges”, said PetroRabigh, a joint venture […]



Infographic: regional economic commentary

Wed, 28 Sep 2016 14:08:42 +0000

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Global stock markets were on a roll after the dovish decisions by the BoJ and the US Fed with Wall Street scoring another set of records, but by the end of the week, the impulse faded. Not many regional markets joined the party with Saudi Arabia falling almost 2 per cent. The currency market saw […]



Sponsor a meal: A mission to counter worsening food crisis for refugees

Wed, 28 Sep 2016 13:51:34 +0000

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The refugee crisis is getting bigger and bigger thanks to the prolonged military conflicts in the region and recurring natural disasters and calamities around the world. Millions affected by such manmade and natural destruction are deprived of water, food and other basic needs.   Fortunately, there are initiatives taking place in various corners of the […]