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Arab News: Economy

  • newMakkah property market boosted by lifting of quota on Hajj pilgrims

    Makkah property market boosted by lifting of quota on Hajj pilgrims

    Author: ARAB NEWSThu, 2017-07-27 22:24ID: 1501172788751509600DUBAI: Saudi Arabia’s lifting of quota on Hajj pilgrims has boosted the Makkah property market during the first half despite major infrastructure works on the Grand Mosque.Property…
    - 10 mins ago, 27 Jul 17, 12:31pm -
  • newHong Kong firm buys London skyscraper for record $1.7bn

    Hong Kong firm buys London skyscraper for record $1.7bn

    Author: AFP, ReutersThu, 2017-07-27 12:18ID: 1501169806221213400LONDON: A Hong Kong firm is buying up a London skyscraper for £1.3 billion ($1.7 billion), the highest price ever paid for a single building in Britain, the property agents said on Th…
    - 1 hour ago, 27 Jul 17, 11:38am -
  • newRoyal Dutch Shell net profit jumps almost a third

    Royal Dutch Shell net profit jumps almost a third

    Author: AFPThu, 2017-07-27 12:53ID: 1501169728571200200LONDON: Royal Dutch Shell on Thursday said net profit grew 31.5 percent to $1.545 billion in the second quarter from a year earlier, boosted by higher oil prices.“Shell’s strong results thi…
    - 1 hour ago, 27 Jul 17, 11:36am -
  • newTwitter shares tumble on weaker-than-expected user growth

    Twitter shares tumble on weaker-than-expected user growth

    Author: ReutersThu, 2017-07-27 14:53ID: 1501169610681189600NEW YORK: Twitter Inc. shares tumbled in premarket trading on Thursday after the social media platform reported weaker-than-expected growth in monthly active users in the second quarter.Ami…
    - 1 hour ago, 27 Jul 17, 11:35am -
  • newEuro zone lending growth unexpectedly weak in June

    Euro zone lending growth unexpectedly weak in June

    Author: ReutersThu, 2017-07-27 12:34ID: 1501169532191180500FRANKFURT: Growth in bank lending was unexpectedly weak in June, European Central Bank data showed on Thursday, a potentially worrying sign for policymakers even if a one-off factor may hav…
    - 1 hour ago, 27 Jul 17, 11:33am -
  • newAbu Dhabi’s Etihad Airways reports loss after Alitalia and Airberlin exposure

    Abu Dhabi’s Etihad Airways reports loss after Alitalia and Airberlin exposure

    Author: REUTERSThu, 2017-07-27 17:44ID: 1501155910719858700DUBAI: Abu Dhabi carrier Etihad Airways plunged to a $1.9 billion (SR7.13 billion) loss last year, hit by impairments on aircraft and investments in troubled European airlines.The loss,…
    - 5 hours ago, 27 Jul 17, 7:49am -
  • newAmazon India offers 10% cash-back scheme for Amazon Pay customers

    Amazon India offers 10% cash-back scheme for Amazon Pay customers

    Author: ARAB NEWSThu, 2017-07-27 17:11ID: 1501153945549714700DUBAI: Amazon has offered a 10 percent cash-back incentive, even on returned items, for customers in India who post orders via the retail giant’s online payment platform.The Amazon…
    - 5 hours ago, 27 Jul 17, 7:15am -
  • newAbu Dhabi financial hub reveals new disputes body

    Abu Dhabi financial hub reveals new disputes body

    Author: Sean CroninThu, 2017-07-27 03:00ID: 1501104129845030400LONDON: Abu Dhabi Global Market said it would open an arbitration center on Al Maryah Island by early 2018 as it seeks to establish an international financial hub in the UAE capital.It…
    - 19 hours ago, 26 Jul 17, 5:22pm -
  • newPetrofac shares rise on $100m order boost in Iraq

    Petrofac shares rise on $100m order boost in Iraq

    Author: Alicia BullerThu, 2017-07-27 03:00ID: 1501104129865030700LONDON: Petrofac shares rose by almost 2.5 percent on Wednesday afternoon after the oilfield services company said it had signed contracts worth more than $100m (£77m) in Iraq.It sec…
    - 19 hours ago, 26 Jul 17, 5:22pm -
  • newDubai’s Nakheel sees 22 percent drop in profit

    Dubai’s Nakheel sees 22 percent drop in profit

    Author: Alicia BullerThu, 2017-07-27 03:00ID: 1501104129885031000LONDON: Dubai developer Nakheel reported on Wednesday a 22 percent decline in second quarter net profit, according to Reuters calculations.The real estate company behind Dubai meg…
    - 19 hours ago, 26 Jul 17, 5:22pm -

fDiIntelligence: Middle East & Africa

  • Saudi Arabia investment minister seeks Vision 2030 boost
    Saudi Arabia’s minister for commerce and investment, Dr Majed Bin Abdullah Al Qasabi, is keen to revitalise the country’s FDI offering through its Vision 2030 programme. He tells Karen E Thuermer how initiatives such as a new entertainment…
    - 42 days ago, 15 Jun 17, 7:01am -
  • View from the Middle East and Africa: how will Gulf airlines soar again?
    A plethora of global problems has combined with oversupply to hit airlines in the Gulf region. What can they do to redeem their reputations? Mazdak Rafaty reports.
    - 42 days ago, 15 Jun 17, 7:00am -
  • Foreign minister looks to put Somaliland on FDI map
    Saad Ali Shire, the foreign minister of 'de facto state' Somaliland, tells Timothy Conley about the difficulties of attracting investment to a country not recognised by the UN. However, deals with the likes of the UAE and Ethiopia, and FDI from Coca-…
    - 42 days ago, 15 Jun 17, 7:00am -
  • Egypt passes long-debated investment law
    Egypt has passed a new investment law following two years of negotiations, in the hope of cutting red tape. Natasha Turak reports.
    - 51 days ago, 6 Jun 17, 10:48am -
  • Economy major focus as Rouhani wins second term in Iran
    While Hassan Rouhani was returned as Iranian president with a clear margin, he faces a tough job, as high unemployment persists and foreign relations remain volatile. Natasha Turak reports.
    - 51 days ago, 6 Jun 17, 7:10am -
  • UAE to impose value-added tax in 2018
    Introduction of VAT has put a question mark over the UAE’s status as a tax-free haven. Natasha Turak reports.
    - 51 days ago, 6 Jun 17, 6:58am -
  • View from the Middle East & Africa: Digital revolution must not ignore SMEs
    The Middle East and Africa region is united in its desire to strengthen the manufacturing sector, but ambitious initiatives such as Industry 4.0 must not neglect the majority of small businesses that need support in financing and connectivity, says M…
    - 13 Apr 17, 7:00am -
  • DMCC Free Zone executive director focuses on the ease of doing business
    Besides fulfilling the usual criteria of infrastructure, stability and expansion opportunities, Dubai’s DMCC Free Zone also offers investors a dispute resolution service as well as pioneering the use of electronic signatures to ease business pressu…
    - 13 Apr 17, 7:00am -
  • Why Chinese investment remains crucial to resource-rich Africa
    China’s willingness to invest in mining in politically unstable, high-risk African countries could help the continent make the most of the slight rebound in commodity prices. Finbarr Toesland reports.
    - 13 Apr 17, 7:00am -
  • Saudi Aramco debuts sukuk ahead of IPO
    Saudi Aramco has placed its debut riyal-denominated bond as part of efforts to raise $10bn in the debt market, paving the way for an IPO in 2018. Jacopo Dettoni reports.
    - 13 Apr 17, 7:00am -

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • newMorocco and Algeria keep building more barriers

    Morocco and Algeria keep building more barriers

    Not the best way to enhance tradeHAD Algeria and Morocco honoured their agreement back in 1989 to form an economic union, along with Tunisia, Libya and Mauritania, they would be among the Middle East’s largest economies. Their poor border regio…
    - 2 hours ago, 27 Jul 17, 10:47am -
  • newHow to tackle one of Africa’s nastiest problems

    How to tackle one of Africa’s nastiest problems

    Incurable, but preventableIN A clearing close to the entrance of Kenya’s Meru National Park, a bronze statue of a buffalo can be seen standing on a plinth. Despite the best efforts of local elephants who occasionally mistake it for a real buffa…
    - 2 hours ago, 27 Jul 17, 10:47am -
  • newIsrael’s submarine scandal

    Israel’s submarine scandal

    The more the merrierIN A police guesthouse somewhere in Israel, a retired naval captain is writing his explosive memoirs. Michael Ganor’s story will not dwell on his exploits on the high seas. It will talk of bribe-trousering generals and polit…
    - 2 hours ago, 27 Jul 17, 10:47am -
  • newAfter conquering Benghazi, what will Libya’s new strongman do next?

    After conquering Benghazi, what will Libya’s new strongman do next?

    STUBBORN and self-serving, Khalifa Haftar has long been seen as a spoiler of efforts to end the conflict in Libya. The forces under his command in the self-styled Libyan National Army (LNA) have mostly added to the chaos, not helped to resolve it.…
    - 2 hours ago, 27 Jul 17, 10:47am -
  • newThe perils of lobbying in Africa

    The perils of lobbying in Africa

    THE first rule for public-relations firms is not to become the story. In South Africa Bell Pottinger, a British firm, has done just that. In May, e-mails between one of the firm’s employees and Duduzane Zuma, a son of President Jacob Zuma, were…
    - 2 hours ago, 27 Jul 17, 10:47am -
  • To escape repression, critics are leaving the Gulf

    To escape repression, critics are leaving the Gulf

    FOR two years Ghanem al Masarir al-Dosari, a Saudi satirist, has fronted an online comic look at the news in a show called “Fadfada” (Natter), which pokes fun at his kingdom’s royal highnesses. He portrays the young crown prince and de facto…
    - 7 days ago, 20 Jul 17, 10:44am -
  • China goes to Africa

    China goes to Africa

    IN CRISP white uniforms and standing to attention beneath a fluttering red flag with five golden stars, the sailors on board the People’s Liberation Army ships setting sail for Djibouti on July 11th represent a significant step for China. When t…
    - 7 days ago, 20 Jul 17, 10:44am -
  • Would-be successors to the ailing Nigerian president are circling

    Would-be successors to the ailing Nigerian president are circling

    Osinbajo the loyalPOLITICS is the survival of the fittest, and Nigeria is no exception. “The Hyenas and the Jackals will soon be sent out of the kingdom,” the first lady, Aisha Buhari, wrote on Facebook on July 10th, in response to a senator…
    - 7 days ago, 20 Jul 17, 10:44am -
  • De-escalation in Syria

    De-escalation in Syria

    WHEN a group of teenage boys scrawled “down with the regime” on their school wall they lit the powder that ignited Syria’s civil war. Ever since their torture at the hands of state-security agents in March 2011, the boys’ home city of Dera…
    - 8 days ago, 19 Jul 17, 6:17am -
  • A new drug of choice in the Gulf

    A new drug of choice in the Gulf

    Not the real thingTHE traditional way is not always the most successful. Saudi Arabian border guards this month arrested a Sudanese man accused of smuggling more than half a million drug tablets into the kingdom from Jordan on the back of a camel…
    - 9 days ago, 18 Jul 17, 10:35am -

WSJ: Middle East

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