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AMEInfo - Feed

The ultimate Middle East business resource

Last Build Date: Mon, 24 Oct 2016 16:14:19 +0000


Weekly update: MENA at a glance

Mon, 24 Oct 2016 12:44:56 +0000

The MSCI’s world index posted the first week of gains since September AT&T-Time Warner deal and British American Tobacco bid for Reynolds American Inc. boost US stocks Most regional markets close on positive note, except for Oman and Egypt The dollar rose to a seven-month high against a basket of currencies and the euro fell […]

The late Sheikh Khalifa bin Hamad Al Thani: His ruling years

Mon, 24 Oct 2016 09:48:21 +0000

His Highness Sheikh Khalifa bin Hamad Al Thani, former Emir of Qatar, passed away on Sunday evening, at the age of 84. The current Emir of the nation, His Highness Sheikh Tamim bin Hamad Al Thani, the grandson of the late ruler, has announced three days of national morning for the sad occasion. Sheikh Hamad […]

Daily brief: Top 7 business stories you need to know today

Mon, 24 Oct 2016 06:29:55 +0000

Here are the top seven business headlines you don’t want to miss out on today. 18th Global Women in Leadership (WIL) Economic Forum returns to Dubai The forum brings together more than 500 global business leaders, policy makers, professionals and entrepreneurs, to discuss diversity challenges, share experience and produce strategies to support women’s economic empowerment. […]

Global WIL Economic Forum returns to Dubai

Sun, 23 Oct 2016 14:02:43 +0000

The forum this year runs under the theme of “The Future of Everything” The forum started as women’s gatherings, but has taken a global shape and form today Women in leadership face common challenges around the globe The 18th edition of the Global Women in Leadership (WIL) Economic Forum, an annual platform aimed at promoting […]

Dubai’s Mashreq Q3 net profit slumps 24.8 per cent on bad loans

Sun, 23 Oct 2016 13:59:41 +0000

* 24.8 per cent fall in third-quarter net profit, weighed by bad loans * Bank made a net profit of AED414.95 million vs. AED551.44m in Q32015 * Impairments jumped by 82 per cent over the period to reach AED470m   Mashreq continued its earnings slump on Sunday as Dubai’s third-biggest lender by assets posted a […]

Middle East to see 5 per cent air traveller growth by 2035

Sun, 23 Oct 2016 13:59:36 +0000

* Middle East region’s airspace will see 258 million passengers every year by 2035 * UAE is expected to witness a robust growth of 6.3 per cent * Globally passengers will nearly double from 3.8 billion in 2016 7.2bn in 2035   With a strong five per cent growth, the Middle East region’s airspace will […]

Saudi Arabia asks Russia to join Gulf oil talks in sign of cooperation

Sun, 23 Oct 2016 09:51:34 +0000

* Russian energy minister Alexander Novak invited to join meeting of Gulf Arab oil ministers in Riyadh * Meeting part of efforts to cooperate with non-OPEC members to stabilise oil market * Novak welcomes the invitation   Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to […]

‘Recession in 2017’: Chief economist warns

Sun, 23 Oct 2016 09:43:54 +0000

Central banks are moving away from quantitative easing, in a change to their monetary policy Back-door “helicopter money” will be the short-term solution to support global economies GCC countries should set sights at diversifying and balancing their economies  Increasing economic and political instability create a recipe for disaster and increase the possibility of a global […]

Saudi’s SABIC starts commercial ops at part of new rubber plant

Sun, 23 Oct 2016 08:57:49 +0000

* Commercial operations begin at the polybutadiene industrial rubber part of its KEMYA complex * Plant is a joint venture between SABIC and Exxon Chemical Arabia, a subsidiary of Exxon Mobil; cost $3.4 billion * It will supply over 400,000 metric tonnes per year of rubber, thermoplastic polymers and carbon black   Saudi Basic Industries […]

Daily brief: Top 7 business stories October 23, 2016

Sun, 23 Oct 2016 06:55:18 +0000

Here are the top 7 business headlines you need to know today: Masdar to build Jordan’s largest solar power plant Abu Dhabi’s renewable energy company Masdar completed a Power Purchasing Agreement to develop Jordan’s largest solar power plant yet. The project was initially signed at Abu Dhabi Sustainability Week 2016 in January. AT&T to buy […]